Jamf Holding Corp. (NASDAQ:JAMF) Director Sells $49,245.68 in Stock

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) Director Dean Hager sold 4,708 shares of the firm's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $10.46, for a total transaction of $49,245.68. Following the completion of the transaction, the director now directly owns 298,067 shares of the company's stock, valued at approximately $3,117,780.82. This trade represents a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, June 2nd, Dean Hager sold 27,720 shares of Jamf stock. The shares were sold at an average price of $10.34, for a total transaction of $286,624.80.
• On Monday, March 17th, Dean Hager sold 36,864 shares of Jamf stock. The shares were sold at an average price of $13.37, for a total transaction of $492,871.68.

Jamf Price Performance

Shares of Jamf stock traded down $0.10 during trading on Thursday, reaching $10.54. The company's stock had a trading volume of 648,430 shares, compared to its average volume of 596,286. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51. Jamf Holding Corp. has a 12-month low of $9.95 and a 12-month high of $19.05. The company has a market capitalization of $1.39 billion, a P/E ratio of -19.16, a price-to-earnings-growth ratio of 1.02 and a beta of 0.44. The business has a 50 day moving average price of $11.11 and a 200-day moving average price of $13.35.

Jamf (NASDAQ:JAMF - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.13). The business had revenue of $167.62 million for the quarter, compared to the consensus estimate of $166.22 million. The firm's revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. As a group, sell-side analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current year.

Institutional Trading of Jamf

Large investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its holdings in shares of Jamf by 8.4% in the 4th quarter. Wellington Management Group LLP now owns 10,845,212 shares of the company's stock worth $152,375,000 after acquiring an additional 841,239 shares during the last quarter. Vanguard Group Inc. boosted its position in Jamf by 1.3% during 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 last quarter. Sunriver Management LLC acquired a new stake in Jamf during the first quarter valued at $37,394,000. Clearbridge Investments LLC boosted its position in Jamf by 20.2% during 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 last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Jamf by 8.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,081,200 shares of the company's stock valued at $29,242,000 after buying an additional 167,909 shares in the last quarter. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JAMF has been the subject of a number of recent research reports. Needham & Company LLC reissued a "buy" rating and issued a $25.00 target price on shares of Jamf in a report on Tuesday, March 4th. JPMorgan Chase & Co. dropped their price objective on shares of Jamf from $18.00 to $15.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. JMP Securities reaffirmed a "market outperform" rating and set a $27.00 price objective on shares of Jamf in a research note on Wednesday, May 28th. William Blair reaffirmed an "outperform" rating on shares of Jamf in a research note on Friday, February 28th. Finally, Mizuho set a $15.00 price objective on shares of Jamf in a research note on Wednesday, April 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.