Insider Selling: Jamf Holding Corp. (NASDAQ:JAMF) CFO Sells 51,439 Shares of Stock

Jamf Holding Corp. (NASDAQ:JAMF) CFO Ian Goodkind sold 51,439 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $20.07, for a total value of $1,032,380.73. Following the completion of the sale, the chief financial officer now owns 244,699 shares in the company, valued at approximately $4,911,108.93. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Ian Goodkind also recently made the following trade(s):

• On Tuesday, March 19th, Ian Goodkind sold 7,735 shares of Jamf stock. The stock was sold at an average price of $17.85, for a total value of $138,069.75.

Jamf Stock Performance

NASDAQ JAMF traded up $0.13 on Tuesday, hitting $21.00. 492,772 shares of the company traded hands, compared to its average volume of 413,393. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -23.60 and a beta of 0.47. 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 business’s 50 day moving average price is $18.40 and its 200-day moving average price is $18.12. Jamf Holding Corp. has a 52-week low of $14.83 and a 52-week high of $22.89.

Jamf (NASDAQ:JAMF) last released its earnings results on Tuesday, February 27th. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.05. The company had revenue of $150.65 million for the quarter, compared to the consensus estimate of $148.34 million. Jamf had a negative return on equity of 6.12% and a negative net margin of 19.64%. Equities analysts expect that Jamf Holding Corp. will post -0.03 earnings per share for the current year.

Hedge Funds Weigh In On Jamf

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Assetmark Inc. lifted its position in shares of Jamf by 20.6% in the fourth quarter. Assetmark Inc. now owns 3,272 shares of the company’s stock valued at $59,000 after acquiring an additional 559 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of Jamf in the fourth quarter valued at about $163,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Jamf in the fourth quarter valued at about $184,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Jamf by 73.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,422 shares of the company’s stock worth $224,000 after purchasing an additional 5,264 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of Jamf in the third quarter worth about $362,000. 93.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JAMF has been the topic of several recent research reports. Royal Bank of Canada restated an “outperform” rating and issued a $21.00 price target on shares of Jamf in a research note on Thursday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Jamf in a report on Thursday, March 14th. Barclays lifted their price objective on Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Finally, Mizuho cut their price objective on Jamf from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.67.

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.