John Strosahl Sells 56,170 Shares of Jamf Holding Corp. (NASDAQ:JAMF) Stock

Jamf Holding Corp. (NASDAQ:JAMF) CEO John Strosahl sold 56,170 shares of the firm’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.59, for a total transaction of $763,350.30. Following the completion of the transaction, the chief executive officer now directly owns 1,540,226 shares in the company, valued at $20,931,671.34. This represents a 3.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jamf Price Performance

NASDAQ JAMF opened at $13.17 on Friday. The stock has a market capitalization of $1.70 billion, a P/E ratio of -23.95, a P/E/G ratio of 1.02 and a beta of 0.39. Jamf Holding Corp. has a 1 year low of $12.90 and a 1 year high of $21.41. The business’s fifty day moving average is $14.57 and its two-hundred day moving average is $15.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.95 and a current ratio of 0.95.

Institutional Inflows and Outflows

Several 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 period. Blue Trust Inc. raised its stake in Jamf by 238.0% during the 4th quarter. Blue Trust Inc. now owns 3,583 shares of the company’s stock valued at $50,000 after purchasing an additional 2,523 shares during the period. Versant Capital Management Inc raised its stake in Jamf by 24.5% during the 4th quarter. Versant Capital Management Inc now owns 4,039 shares of the company’s stock valued at $57,000 after purchasing an additional 795 shares during the period. Canada Pension Plan Investment Board raised its stake in Jamf by 51.0% during the 4th quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock valued at $104,000 after purchasing an additional 2,500 shares during the period. Finally, Versor Investments LP acquired a new stake in Jamf during the 4th quarter valued at $142,000. Institutional investors own 93.81% of the company’s stock.

Wall Street Analyst Weigh In

JAMF has been the topic of a number of recent research reports. Royal Bank of Canada cut their target price on shares of Jamf from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, January 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of Jamf in a report on Tuesday, March 4th. Morgan Stanley began coverage on Jamf in a report on Tuesday, March 18th. They set an “equal weight” rating and a $16.00 price target on the stock. Barclays cut their price target on Jamf from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. began coverage on Jamf in a report on Thursday, February 6th. They set an “overweight” rating and a $20.00 price target on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.