Linh Lam Sells 2,200 Shares of Jamf Holding Corp. (NASDAQ:JAMF) Stock

Jamf Holding Corp. (NASDAQ:JAMF) insider Linh Lam sold 2,200 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $20.03, for a total transaction of $44,066.00. Following the completion of the sale, the insider now directly owns 200,585 shares in the company, valued at approximately $4,017,717.55. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Jamf Trading Up 0.6 %

Shares of NASDAQ JAMF traded up $0.13 during mid-day trading on Tuesday, hitting $21.00. The company’s stock had a trading volume of 492,772 shares, compared to its average volume of 413,393. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf Holding Corp. has a one year low of $14.83 and a one year high of $22.89. The company’s fifty day simple moving average is $18.40 and its 200-day simple moving average is $18.12. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of -23.60 and a beta of 0.47.

Jamf (NASDAQ:JAMF) last issued its earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $150.65 million for the quarter, compared to analysts’ expectations of $148.34 million. Jamf had a negative return on equity of 6.12% and a negative net margin of 19.64%. On average, sell-side analysts anticipate that Jamf Holding Corp. will post -0.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on JAMF shares. Barclays increased their price target on shares of Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 14th. Royal Bank of Canada restated an “outperform” rating and set a $21.00 target price on shares of Jamf in a research report on Thursday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Jamf in a research note on Thursday, March 14th. Finally, Mizuho dropped their price objective on Jamf from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Wednesday, February 28th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Jamf presently has an average rating of “Moderate Buy” and an average price target of $23.67.

Institutional Investors Weigh In On Jamf

Hedge funds have recently bought and sold shares of the company. Assetmark Inc. grew its holdings in shares of Jamf by 20.6% in the 4th quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after buying an additional 559 shares during the period. International Assets Investment Management LLC bought a new position in shares of Jamf during the 4th quarter valued at about $163,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Jamf in the 4th quarter valued at approximately $184,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Jamf by 73.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,422 shares of the company’s stock valued at $224,000 after purchasing an additional 5,264 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in Jamf during the 3rd quarter worth approximately $362,000. 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.