Anthony Grabenau Sells 9,701 Shares of Jamf Holding Corp. (NASDAQ:JAMF) Stock

Jamf Holding Corp. (NASDAQ:JAMF) CAO Anthony Grabenau sold 9,701 shares of the business’s stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $13.60, for a total value of $131,933.60. Following the sale, the chief accounting officer now directly owns 57,946 shares of the company’s stock, valued at $788,065.60. This represents a 14.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Anthony Grabenau also recently made the following trade(s):

• On Thursday, January 16th, Anthony Grabenau sold 3,706 shares of Jamf stock. The stock was sold at an average price of $14.13, for a total transaction of $52,365.78.

Jamf Trading Down 1.9 %

NASDAQ JAMF opened at $13.17 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s 50-day moving average is $14.57 and its 200-day moving average is $15.48. Jamf Holding Corp. has a one year low of $12.90 and a one year high of $21.41. The firm has a market cap 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.

Institutional Trading of Jamf

Several hedge funds have recently bought and sold shares of the stock. Quarry LP boosted its stake in Jamf by 130.9% in the 3rd quarter. Quarry LP now owns 2,478 shares of the company’s stock worth $43,000 after purchasing an additional 1,405 shares during the period. Blue Trust Inc. raised its stake in shares of Jamf by 238.0% in 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 lifted its holdings in shares of Jamf by 24.5% in the fourth 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 in the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Jamf by 51.0% during the fourth quarter. Canada Pension Plan Investment Board now owns 7,400 shares of the company’s stock worth $104,000 after buying an additional 2,500 shares during the period. Finally, Versor Investments LP bought a new position in shares of Jamf during the fourth quarter worth about $142,000. 93.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JAMF shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Jamf in a research note on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of Jamf in a research report on Tuesday, March 4th. William Blair reiterated an “outperform” rating on shares of Jamf in a report on Friday, February 28th. Piper Sandler reduced their target price on Jamf from $25.00 to $23.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. assumed coverage on Jamf in a research note on Thursday, February 6th. They issued an “overweight” rating and a $20.00 price target for the company. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.30.

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.