Jamf (NASDAQ:JAMF) CEO John Strosahl Sells 43,650 Shares

Key Points

• CEO John Strosahl of Jamf sold 43,650 shares at an average price of $9.88, totaling approximately $431,262, resulting in a 2.86% decrease in his ownership.
• Jamf's stock rose 4.2% to $10.35 following the news, with the company having a market cap of $1.36 billion and a 1-year trading range between $7.09 and $18.00.
• Analysts have mixed ratings on Jamf, with a decrease in price targets from firms like Morgan Stanley and JPMorgan Chase, while Needham & Company maintains a "buy" rating with a price objective of $20.

Jamf Holding Corp. (NASDAQ:JAMF - Get Free Report) CEO John Strosahl sold 43,650 shares of the stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $9.88, for a total value of $431,262.00. Following the completion of the transaction, the chief executive officer directly owned 1,480,451 shares in the company, valued at approximately $14,626,855.88. This trade represents a 2.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jamf Stock Up 4.2%

Shares of Jamf stock traded up $0.42 during trading on Monday, reaching $10.35. The company's stock had a trading volume of 1,236,338 shares, compared to its average volume of 1,164,833. The company has a 50-day simple moving average of $9.82 and a two-hundred day simple moving average of $9.87. Jamf Holding Corp. has a 1-year low of $7.09 and a 1-year high of $18.00. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.97. The company has a market cap of $1.36 billion, a price-to-earnings ratio of -26.54, a P/E/G ratio of 2.17 and a beta of 0.43.

Jamf (NASDAQ:JAMF - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.01. Jamf had a positive return on equity of 3.02% and a negative net margin of 7.36%.The business had revenue of $176.50 million during the quarter, compared to analyst estimates of $168.58 million. During the same quarter last year, the business posted $0.14 EPS. The company's revenue was up 15.4% on a year-over-year basis. Jamf has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, equities analysts forecast that Jamf Holding Corp. will post 0.05 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on JAMF shares. Morgan Stanley decreased their price objective on Jamf from $14.00 to $10.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 2nd. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of Jamf in a report on Thursday, October 9th. JPMorgan Chase & Co. decreased their price objective on Jamf from $15.00 to $12.00 and set an "overweight" rating on the stock in a report on Thursday, July 17th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Jamf in a report on Wednesday, October 8th. Finally, Bank of America decreased their price objective on Jamf from $15.00 to $12.00 and set a "neutral" rating on the stock in a report on Wednesday, July 16th.

Hedge Funds Weigh In On Jamf

Several large investors have recently bought and sold shares of the stock. Allianz Asset Management GmbH boosted its stake in shares of Jamf by 1.9% during the second quarter. Allianz Asset Management GmbH now owns 77,702 shares of the company's stock worth $739,000 after buying an additional 1,440 shares during the period. Engineers Gate Manager LP boosted its stake in shares of Jamf by 1.3% during the second quarter. Engineers Gate Manager LP now owns 123,614 shares of the company's stock worth $1,176,000 after buying an additional 1,556 shares during the period. Fox Run Management L.L.C. boosted its stake in shares of Jamf by 6.7% during the second quarter. Fox Run Management L.L.C. now owns 29,541 shares of the company's stock worth $281,000 after buying an additional 1,854 shares during the period. Versor Investments LP raised its holdings in Jamf by 19.8% during the first quarter. Versor Investments LP now owns 12,100 shares of the company's stock worth $147,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Jamf by 2.2% during the first quarter. Rhumbline Advisers now owns 116,785 shares of the company's stock worth $1,419,000 after purchasing an additional 2,522 shares in the last quarter. Institutional investors and hedge funds own 93.81% of the company's stock.

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.

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