Insider Selling: 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 Jamf 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 directly owns 187,438 shares in the company, valued at approximately $3,103,973.28. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 Stock Performance

Shares of JAMF stock opened at $16.52 on Thursday. The company’s fifty day moving average price is $17.59 and its 200-day moving average price is $17.52. The stock has a market cap of $2.12 billion, a PE ratio of -19.44, a price-to-earnings-growth ratio of 7.40 and a beta of 0.41. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.53. Jamf Holding Corp. has a 12 month low of $14.68 and a 12 month high of $21.41.

Jamf (NASDAQ:JAMF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $153.02 million for the quarter, compared to analyst estimates of $151.66 million. Jamf had a negative net margin of 14.95% and a negative return on equity of 1.97%. Jamf’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.19) earnings per share. On average, equities analysts expect that Jamf Holding Corp. will post 0.04 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $25.00 target price on shares of Jamf in a report on Friday, October 4th. Canaccord Genuity Group cut their price objective on Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. The Goldman Sachs Group initiated coverage on Jamf in a research note on Tuesday, September 3rd. They set a “neutral” rating and a $21.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $30.00 price target on shares of Jamf in a research note on Tuesday, October 1st. Finally, Morgan Stanley began coverage on shares of Jamf in a research report on Monday, October 14th. They set an “equal weight” rating and a $20.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Jamf has an average rating of “Moderate Buy” and an average target price of $23.00.

Institutional Trading of Jamf

Hedge funds and other institutional investors have recently made changes to their positions in the stock. EVR Research LP raised its stake in Jamf by 282.9% during the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock valued at $25,905,000 after buying an additional 1,160,000 shares during the last quarter. Marshall Wace LLP raised its position in shares of Jamf by 2,977.5% in the 2nd quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after purchasing an additional 982,764 shares during the last quarter. Kopp LeRoy C bought a new position in Jamf in the 1st quarter worth about $7,385,000. Washington Harbour Partners LP purchased a new stake in Jamf during the 1st quarter valued at about $2,628,000. Finally, Edgestream Partners L.P. bought a new stake in Jamf during the 2nd quarter valued at about $2,232,000. Hedge funds and other institutional investors own 93.81% of the company’s stock.

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.