Beth Tschida Sells 88,797 Shares of Jamf Holding Corp. (NASDAQ:JAMF) Stock

Jamf Holding Corp. (NASDAQ:JAMF) insider Beth Tschida sold 88,797 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $13.37, for a total transaction of $1,187,215.89. Following the transaction, the insider now directly owns 487,810 shares in the company, valued at approximately $6,522,019.70. The trade was a 15.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jamf Stock Performance

JAMF opened at $13.42 on Friday. 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 stock’s 50 day moving average price is $14.58 and its two-hundred day moving average price is $15.55. The firm has a market capitalization of $1.74 billion, a P/E ratio of -24.40, a price-to-earnings-growth ratio of 1.02 and a beta of 0.39. Jamf Holding Corp. has a 12-month low of $12.90 and a 12-month high of $21.41.

Institutional Investors Weigh In On Jamf

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP raised its stake in Jamf by 130.9% during the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock valued at $43,000 after purchasing an additional 1,405 shares during the last quarter. Blue Trust Inc. grew its position in Jamf by 238.0% in the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock worth $50,000 after purchasing an additional 2,523 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock worth $57,000 after purchasing an additional 795 shares during the period. Assetmark Inc. raised its position in shares of Jamf by 45.9% during the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $76,000 after buying an additional 1,387 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Jamf by 51.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock valued at $104,000 after buying an additional 2,500 shares during the period. Institutional investors and hedge funds own 93.81% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Canaccord Genuity Group restated a “buy” rating and set a $21.00 price target on shares of Jamf in a research note on Wednesday, February 26th. Needham & Company LLC reissued a “buy” rating and set a $25.00 target price on shares of Jamf in a research report on Tuesday, March 4th. Piper Sandler reduced their price target on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. initiated coverage on Jamf in a research note on Thursday, February 6th. They set an “overweight” rating and a $20.00 price target for the company. Finally, Royal Bank of Canada cut their price objective on Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a research note 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.