Jamf Holding Corp. (NASDAQ:JAMF) CEO John Strosahl Sells 56,170 Shares

Jamf Holding Corp. (NASDAQ:JAMF) CEO John Strosahl sold 56,170 shares of the stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $13.59, for a total value of $763,350.30. Following the completion of the sale, the chief executive officer now owns 1,540,226 shares of the company’s stock, valued at approximately $20,931,671.34. This trade represents a 3.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jamf Stock Down 1.9 %

Jamf stock opened at $13.17 on Friday. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -23.95, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. Jamf Holding Corp. has a 52 week low of $12.90 and a 52 week high of $21.41. The business’s 50-day moving average price is $14.57 and its 200 day moving average price is $15.51. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Institutional Trading of Jamf

Several hedge funds and other institutional investors have recently bought and sold shares of JAMF. Empowered Funds LLC acquired a new stake in Jamf in the third quarter valued at approximately $1,217,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Jamf by 18.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 180,301 shares of the company’s stock valued at $3,128,000 after purchasing an additional 27,925 shares during the period. Intech Investment Management LLC acquired a new stake in Jamf in the third quarter valued at approximately $279,000. Charles Schwab Investment Management Inc. grew its holdings in Jamf by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 552,266 shares of the company’s stock valued at $9,582,000 after purchasing an additional 42,582 shares during the period. Finally, Crestwood Capital Management L.P. acquired a new stake in Jamf in the third quarter valued at approximately $3,470,000. 93.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on JAMF. Morgan Stanley initiated coverage on Jamf in a research note on Tuesday. They issued an “equal weight” rating and a $16.00 price target for the company. Piper Sandler reduced their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. initiated coverage on Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price objective for the company. Barclays reduced their price objective on Jamf from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday, February 28th. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Jamf has a consensus rating of “Moderate Buy” and an average target price of $21.30.

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.