Dean Hager Sells 27,720 Shares of Jamf Holding Corp. (NASDAQ:JAMF) Stock

Jamf Holding Corp. (NASDAQ:JAMF) Director Dean Hager sold 27,720 shares of the firm’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $10.34, for a total transaction of $286,624.80. Following the completion of the sale, the director now owns 270,347 shares in the company, valued at $2,795,387.98. This represents a 9.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Dean Hager also recently made the following trade(s):

• On Friday, May 30th, Dean Hager sold 4,708 shares of Jamf stock. The shares were sold at an average price of $10.46, for a total transaction of $49,245.68.
• On Monday, March 17th, Dean Hager sold 36,864 shares of Jamf stock. The stock was sold at an average price of $13.37, for a total value of $492,871.68.

Jamf Stock Performance

Jamf stock opened at $10.54 on Friday. The firm has a market capitalization of $1.39 billion, a P/E ratio of -19.16, a P/E/G ratio of 1.02 and a beta of 0.44. The stock has a fifty day moving average price of $11.08 and a two-hundred day moving average price of $13.32. Jamf Holding Corp. has a 52-week low of $9.95 and a 52-week high of $19.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95.

Jamf (NASDAQ:JAMF) last announced its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.13). The company had revenue of $167.62 million for the quarter, compared to analyst estimates of $166.22 million. During the same period in the prior year, the business earned $0.14 EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, analysts anticipate that Jamf Holding Corp. will post 0.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

JAMF has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price target on Jamf from $18.00 to $15.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. William Blair restated an “outperform” rating on shares of Jamf in a research note on Friday, February 28th. Barclays raised their target price on Jamf from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 7th. JMP Securities reissued a “market outperform” rating and issued a $27.00 price target on shares of Jamf in a report on Wednesday, May 28th. Finally, Canaccord Genuity Group restated a “buy” rating and issued a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.50.

Institutional Trading of Jamf

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Jamf by 32,950.0% in the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the company’s stock worth $40,000 after acquiring an additional 3,295 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in Jamf in the first quarter worth $41,000. Blue Trust Inc. grew its holdings in shares of Jamf by 238.0% during the fourth 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. Quarry LP increased its stake in shares of Jamf by 148.7% in the first quarter. Quarry LP now owns 6,505 shares of the company’s stock valued at $79,000 after buying an additional 3,889 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings 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 last quarter. Institutional investors and hedge funds own 93.81% of the company’s stock.

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.