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 Jamf stock in a transaction that occurred on Wednesday, March 19th. The stock was 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 directly owns 1,540,226 shares in the company, valued at $20,931,671.34. This represents a 3.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jamf Price Performance

NASDAQ:JAMF opened at $13.17 on Friday. Jamf Holding Corp. has a 52 week low of $12.90 and a 52 week high of $21.41. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.70 billion, a P/E ratio of -23.95, a P/E/G ratio of 1.02 and a beta of 0.39. The stock’s fifty day moving average is $14.57 and its two-hundred day moving average is $15.51.

Institutional Investors Weigh In On Jamf

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in Jamf by 8.4% in the fourth quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company’s stock valued at $152,375,000 after purchasing an additional 841,239 shares during the period. Vanguard Group Inc. raised its position in Jamf by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 8,756,608 shares of the company’s stock valued at $123,030,000 after purchasing an additional 114,036 shares during the period. Clearbridge Investments LLC raised its position in Jamf by 20.2% in the fourth quarter. Clearbridge Investments LLC now owns 2,434,960 shares of the company’s stock valued at $34,211,000 after purchasing an additional 409,531 shares during the period. Dimensional Fund Advisors LP raised its position in Jamf by 8.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company’s stock valued at $29,242,000 after purchasing an additional 167,909 shares during the period. Finally, Geode Capital Management LLC raised its position in Jamf by 8.3% in the third 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. Hedge funds and other institutional investors own 93.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. JPMorgan Chase & Co. assumed coverage on Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price target on the stock. Piper Sandler lowered their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Barclays lowered their price target on Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, February 28th. Finally, Royal Bank of Canada reduced their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 21st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.