Jamf Holding Corp. (NASDAQ:JAMF) Insider Beth Tschida Sells 88,797 Shares

Jamf Holding Corp. (NASDAQ:JAMF) insider Beth Tschida sold 88,797 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the completion of the transaction, the insider now owns 487,810 shares of the company’s stock, valued at approximately $6,522,019.70. This represents a 15.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jamf Stock Down 1.7 %

Shares of NASDAQ JAMF opened at $13.42 on Friday. Jamf Holding Corp. has a 12-month low of $12.90 and a 12-month high of $21.41. The firm’s 50-day simple moving average is $14.58 and its 200 day simple moving average is $15.55. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market cap of $1.74 billion, a price-to-earnings ratio of -24.40, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Jamf in a research report on Tuesday. They issued an “equal weight” rating and a $16.00 price target for the company. Piper Sandler decreased their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Jamf in a research note on Tuesday, March 4th. Barclays cut their price objective on Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, February 28th. Finally, Royal Bank of Canada lowered their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.30.

Hedge Funds Weigh In On Jamf

A number of large investors have recently modified their holdings of the stock. Quarry LP raised its position in Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after purchasing an additional 1,405 shares during the last quarter. Blue Trust Inc. boosted its position in Jamf by 238.0% in the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after buying an additional 2,523 shares during the last quarter. Versant Capital Management Inc increased its stake in shares of Jamf by 24.5% in the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after buying an additional 795 shares during the period. Assetmark Inc. boosted its holdings in Jamf by 45.9% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after acquiring an additional 1,387 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock worth $104,000 after purchasing an additional 2,500 shares during the period. 93.81% of the stock is currently owned by institutional investors and hedge funds.

About Jamf

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.