Jamf Holding Corp. (NASDAQ:JAMF) CAO Anthony Grabenau Sells 3,706 Shares

Jamf Holding Corp. (NASDAQ:JAMF) CAO Anthony Grabenau sold 3,706 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $14.13, for a total transaction of $52,365.78. Following the completion of the sale, the chief accounting officer now owns 33,479 shares of the company’s stock, valued at approximately $473,058.27. The trade was a 9.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jamf Price Performance

JAMF stock traded up $0.09 during trading on Tuesday, hitting $14.49. 651,865 shares of the stock traded hands, compared to its average volume of 595,114. 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 stock has a market cap of $1.85 billion, a price-to-earnings ratio of -26.34, a P/E/G ratio of 0.99 and a beta of 0.37. Jamf Holding Corp. has a one year low of $13.40 and a one year high of $21.41. The company has a 50 day simple moving average of $14.66 and a 200 day simple moving average of $16.49.

Analyst Upgrades and Downgrades

A number of analysts have commented on JAMF shares. Piper Sandler reduced their price objective on Jamf from $25.00 to $23.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of Jamf in a research report on Tuesday. Barclays dropped their price objective on shares of Jamf from $20.00 to $17.00 and set an “equal weight” rating for the company in a research note on Friday, January 10th. JMP Securities reiterated a “market outperform” rating and set a $30.00 target price on shares of Jamf in a research report on Tuesday, October 1st. Finally, Morgan Stanley assumed coverage on shares of Jamf in a research report on Monday, October 14th. They issued an “equal weight” rating and a $20.00 price target for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.00.

Institutional Inflows and Outflows

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

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.