Jamf Holding Corp. (NASDAQ:JAMF) CAO Sells $52,365.78 in Stock

Jamf Holding Corp. (NASDAQ:JAMF) CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $14.13, for a total value of $52,365.78. Following the sale, the chief accounting officer now owns 33,479 shares in the company, valued at approximately $473,058.27. This represents a 9.97 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Jamf Stock Up 0.6 %

JAMF opened at $14.82 on Friday. Jamf Holding Corp. has a 1-year low of $13.40 and a 1-year high of $21.41. The firm’s 50 day simple moving average is $14.63 and its two-hundred day simple moving average is $16.46. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.89 billion, a PE ratio of -26.94, a PEG ratio of 1.00 and a beta of 0.37.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Jamf in a research report on Tuesday. Barclays dropped their price target on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Friday, January 10th. JMP Securities restated a “market outperform” rating and set a $30.00 price objective on shares of Jamf in a research report on Tuesday, October 1st. Piper Sandler cut their target price on shares of Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, Royal Bank of Canada decreased their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating for the company in a research note on Tuesday. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Hedge Funds Weigh In On Jamf

Several institutional investors and hedge funds have recently bought and sold shares of JAMF. EVR Research LP raised its stake in shares of Jamf by 282.9% in the second quarter. EVR Research LP now owns 1,570,000 shares of the company’s stock worth $25,905,000 after buying an additional 1,160,000 shares during the period. Marshall Wace LLP raised its stake in Jamf by 2,977.5% during the 2nd quarter. Marshall Wace LLP now owns 1,015,770 shares of the company’s stock worth $16,760,000 after acquiring an additional 982,764 shares during the period. Wellington Management Group LLP lifted its holdings in Jamf by 6.0% during the third quarter. Wellington Management Group LLP now owns 10,003,973 shares of the company’s stock valued at $173,569,000 after purchasing an additional 565,008 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Jamf by 28.2% during the third quarter. Principal Financial Group Inc. now owns 1,394,227 shares of the company’s stock valued at $24,190,000 after purchasing an additional 306,558 shares in the last quarter. Finally, Crestwood Capital Management L.P. bought a new position in shares of Jamf in the third quarter worth approximately $3,470,000. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

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.