Dean Hager Sells 27,720 Shares of Jamf Holding Corp. (NASDAQ:JAMF) Stock

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) Director Dean Hager sold 27,720 shares of the business's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $10.34, for a total value of $286,624.80. Following the completion of the transaction, the director now directly owns 270,347 shares in the company, valued at $2,795,387.98. This represents a 9.30% 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 this hyperlink.

Dean Hager also recently made the following trade(s):

• On Friday, May 30th, Dean Hager sold 4,708 shares of Jamf stock. The shares were sold at an average price of $10.46, for a total transaction of $49,245.68.
• On Monday, March 17th, Dean Hager sold 36,864 shares of Jamf stock. The stock was sold at an average price of $13.37, for a total transaction of $492,871.68.

Jamf Trading Up 1.2%

Jamf stock traded up $0.13 during trading hours on Friday, reaching $10.67. The stock had a trading volume of 725,768 shares, compared to its average volume of 752,898. The stock has a market cap of $1.41 billion, a PE ratio of -19.40, a PEG ratio of 1.02 and a beta of 0.44. The company has a fifty day simple moving average of $11.08 and a 200-day simple moving average of $13.32. 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 52 week low of $9.94 and a 52 week high of $19.05.

Jamf (NASDAQ:JAMF - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.13). The firm had revenue of $167.62 million for the quarter, compared to analysts' expectations of $166.22 million. During the same period last year, the company posted $0.14 earnings per share. The company's revenue for the quarter was up 10.2% on a year-over-year basis. Analysts forecast that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Jamf

Several large investors have recently made changes to their positions in JAMF. Rhumbline Advisers grew its position in Jamf by 2.2% during the 1st quarter. Rhumbline Advisers now owns 116,785 shares of the company's stock valued at $1,419,000 after purchasing an additional 2,522 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Jamf by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 154,638 shares of the company's stock valued at $1,879,000 after buying an additional 8,658 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of Jamf during the first quarter valued at approximately $328,000. Goldman Sachs Group Inc. raised its holdings in Jamf by 14.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 553,323 shares of the company's stock worth $6,723,000 after acquiring an additional 69,414 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd lifted its position in Jamf by 52.1% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 40,517 shares of the company's stock valued at $492,000 after acquiring an additional 13,877 shares in the last quarter. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC reissued a "buy" rating and issued a $25.00 price target on shares of Jamf in a research note on Tuesday, March 4th. Barclays upped their target price on shares of Jamf from $13.00 to $15.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Mizuho set a $15.00 target price on Jamf in a research note on Wednesday, April 16th. William Blair reaffirmed an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Finally, Canaccord Genuity Group reiterated a "buy" rating and issued a $21.00 price objective on shares of Jamf in a report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $19.50.

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.