Jamf Holding Corp. (NASDAQ:JAMF) Insider Linh Lam Sells 5,445 Shares

Jamf Holding Corp. (NASDAQ:JAMF) insider Linh Lam sold 5,445 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $18.36, for a total transaction of $99,970.20. Following the sale, the insider now directly owns 195,140 shares in the company, valued at $3,582,770.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jamf Stock Performance

JAMF stock traded down $0.53 on Thursday, hitting $17.89. The company had a trading volume of 260,096 shares, compared to its average volume of 523,480. Jamf Holding Corp. has a 12-month low of $14.68 and a 12-month high of $21.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51. The stock’s 50-day simple moving average is $17.13 and its 200 day simple moving average is $17.88. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of -21.67, a P/E/G ratio of 31.47 and a beta of 0.41.

Jamf (NASDAQ:JAMF) last issued its earnings results on Wednesday, August 7th. The company reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Jamf had a negative net margin of 18.33% and a negative return on equity of 4.86%. The company had revenue of $153.02 million for the quarter, compared to analysts’ expectations of $151.66 million. During the same quarter last year, the company posted ($0.19) earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that Jamf Holding Corp. will post 0.01 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in JAMF. EVR Research LP raised its position in Jamf by 282.9% in the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after acquiring an additional 1,160,000 shares during the period. Marshall Wace LLP raised its position in Jamf by 2,977.5% in the second quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after acquiring an additional 982,764 shares during the period. Norges Bank bought a new position in Jamf in the fourth quarter worth approximately $13,169,000. Wellington Management Group LLP raised its position in Jamf by 6.2% in the fourth quarter. Wellington Management Group LLP now owns 7,871,450 shares of the company’s stock worth $142,158,000 after acquiring an additional 462,257 shares during the period. Finally, Kopp LeRoy C bought a new position in Jamf in the first quarter worth approximately $7,385,000. 93.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday, June 4th. Royal Bank of Canada increased their price objective on shares of Jamf from $21.00 to $23.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Mizuho increased their price objective on shares of Jamf from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, May 9th. Finally, Canaccord Genuity Group cut their price objective on shares of Jamf from $24.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.71.

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.