Jamf Holding Corp. (NASDAQ:JAMF) Insider Sells $127,545.12 in Stock

Jamf Holding Corp. (NASDAQ:JAMF) insider Linh Lam sold 7,702 shares of the company’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $16.56, for a total transaction of $127,545.12. Following the completion of the transaction, the insider now owns 187,438 shares of the company’s stock, valued at $3,103,973.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Linh Lam also recently made the following trade(s):

• On Tuesday, August 20th, Linh Lam sold 5,445 shares of Jamf stock. The stock was sold at an average price of $18.36, for a total transaction of $99,970.20.

Jamf Trading Up 1.3 %

JAMF stock traded up $0.21 during trading on Monday, reaching $16.74. The company had a trading volume of 319,877 shares, compared to its average volume of 498,535. Jamf Holding Corp. has a 52 week low of $14.68 and a 52 week high of $21.41. The company has a market cap of $2.15 billion, a P/E ratio of -19.69, a PEG ratio of 7.40 and a beta of 0.41. The business has a 50 day moving average of $17.60 and a 200 day moving average of $17.53. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.91 and a quick ratio of 0.91.

Jamf (NASDAQ:JAMF) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. The company had revenue of $153.02 million during the quarter, compared to the consensus estimate of $151.66 million. During the same period in the prior year, the firm earned ($0.19) earnings per share. Jamf’s revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Jamf Holding Corp. will post 0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jamf

A number of institutional investors and hedge funds have recently made changes to their positions in JAMF. Versant Capital Management Inc increased its stake in shares of Jamf by 17,830.8% during the second quarter. Versant Capital Management Inc now owns 2,331 shares of the company’s stock valued at $38,000 after purchasing an additional 2,318 shares in the last quarter. Fifth Third Bancorp purchased a new position in Jamf in the 2nd quarter worth approximately $45,000. EntryPoint Capital LLC raised its holdings in Jamf by 40.0% in the 1st quarter. EntryPoint Capital LLC now owns 3,319 shares of the company’s stock worth $61,000 after acquiring an additional 949 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in Jamf by 33.4% in the 1st quarter. Advisors Asset Management Inc. now owns 4,164 shares of the company’s stock worth $76,000 after acquiring an additional 1,043 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Jamf in the 2nd quarter worth approximately $81,000. Institutional investors own 93.81% of the company’s stock.

Wall Street Analysts Forecast Growth

JAMF has been the subject of several analyst reports. Morgan Stanley initiated coverage on shares of Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price target for the company. The Goldman Sachs Group initiated coverage on shares of Jamf in a research report on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 price target for the company. JMP Securities restated a “market outperform” rating and set a $30.00 price target on shares of Jamf in a research report on Tuesday, October 1st. Canaccord Genuity Group cut their price target on shares of Jamf from $24.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of Jamf in a research report on Friday, October 4th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Jamf Company Profile

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.