Domo signs strategic collaboration agreement with AWS for AI solutions
Anthony Grabenau, the Chief Accounting Officer of Jamf Holding Corp. (NASDAQ:JAMF), a $1.7 billion market cap company currently trading near its 52-week low of $12.89, recently executed a sale of company stock. According to InvestingPro analysis, JAMF appears undervalued with a "Fair" financial health rating. According to a recent SEC filing, Grabenau sold 9,701 shares of common stock on March 19, 2025, under a pre-established Rule 10b5-1 trading plan. The shares were sold at a weighted average price of $13.6001, generating a total of $131,934. After this transaction, Grabenau retains ownership of 57,946 shares in the company. The shares were sold in multiple transactions, with prices ranging from $13.46 to $13.70. The company has shown solid fundamentals with a robust 79.6% gross margin and 12% revenue growth over the last twelve months. For deeper insights into JAMF’s valuation and growth prospects, access the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Jamf Holding Corp. announced its plan to acquire Identity Automation for approximately $215 million in cash. This acquisition is expected to enhance Jamf’s offerings by integrating Identity Automation’s identity and access management capabilities, particularly benefiting sectors like education and healthcare. Jamf’s management anticipates that this strategic move will positively impact revenue growth and operating income. Needham has maintained its Buy rating for Jamf, setting a price target of $25, while Mizuho (NYSE:MFG) has reiterated an Outperform rating with a reduced price target of $18. JPMorgan also adjusted its outlook, lowering the price target from $20 to $18, citing a cautious stance on Jamf’s 2025 guidance. Despite these adjustments, analysts from Mizuho and JPMorgan recognize Jamf’s potential for stabilization and growth in its core subscription business. The company reported annual recurring revenue growth of 10% year-over-year, although it fell slightly short of expectations. Jamf’s management remains optimistic about potential positive shifts in the macro environment, particularly within the education and technology sectors.
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