Elizabeth Benz Sells 57,380 Shares of Jamf Holding Corp. (NASDAQ:JAMF) Stock

Jamf Holding Corp. (NASDAQ:JAMF) insider Elizabeth Benz sold 57,380 shares of the stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total value of $780,368.00. Following the transaction, the insider now directly owns 358,775 shares in the company, valued at approximately $4,879,340. The trade was a 13.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Jamf Stock Down 1.9 %

Shares of JAMF traded down $0.25 during mid-day trading on Friday, reaching $13.17. The company’s stock had a trading volume of 1,387,035 shares, compared to its average volume of 551,413. The stock has a market cap of $1.70 billion, a PE ratio of -23.95, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. 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 12-month low of $12.90 and a 12-month high of $21.41. The company’s 50 day moving average is $14.58 and its 200 day moving average is $15.55.

Institutional Trading of Jamf

Large investors have recently made changes to their positions in the company. Crestwood Capital Management L.P. acquired a new stake in shares of Jamf in the 3rd quarter valued at about $3,470,000. Franklin Resources Inc. boosted its position in shares of Jamf by 8.0% in the 3rd quarter. Franklin Resources Inc. now owns 516,635 shares of the company’s stock valued at $8,664,000 after purchasing an additional 38,429 shares during the period. Geode Capital Management LLC boosted its position in shares of Jamf by 8.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,751,340 shares of the company’s stock valued at $30,391,000 after purchasing an additional 134,314 shares during the period. Atom Investors LP boosted its position in shares of Jamf by 213.4% in the 3rd quarter. Atom Investors LP now owns 132,036 shares of the company’s stock valued at $2,291,000 after purchasing an additional 89,901 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Jamf by 54.0% in the 4th quarter. SG Americas Securities LLC now owns 29,099 shares of the company’s stock valued at $409,000 after purchasing an additional 10,199 shares during the period. 93.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JAMF has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Jamf in a research note on Tuesday, March 4th. Canaccord Genuity Group restated a “buy” rating and set a $21.00 price target on shares of Jamf in a report on Wednesday, February 26th. Piper Sandler cut their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. assumed coverage on Jamf in a report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price target on the stock. Finally, Royal Bank of Canada cut their price target on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.30.

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.