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John Strosahl, CEO of Jamf Holding Corp. (NASDAQ:JAMF), recently sold 56,170 shares of the company’s common stock. The enterprise software company, currently valued at $1.7 billion, has shown resilient growth with revenue increasing nearly 12% over the last twelve months. According to InvestingPro analysis, JAMF appears undervalued at current levels. The transaction, which took place on March 19, 2025, was conducted at a weighted average price of $13.5867 per share, resulting in a total sale value of approximately $763,164. Following this transaction, Strosahl retains ownership of 1,540,226 shares in the company. The sale was part of an automatic sale-to-cover transaction to fulfill tax withholding obligations. With analyst price targets ranging from $16 to $27 and a consensus "Buy" rating, InvestingPro subscribers can access comprehensive insider trading analysis and detailed Fair Value calculations in the Pro Research Report.
In other recent news, Jamf Holding Corp. announced its acquisition of Identity Automation for approximately $215 million in cash, a move anticipated to enhance its identity and access management capabilities. This acquisition is expected to positively impact Jamf’s revenue and operating income, aligning with the company’s strategy to expand its cybersecurity offerings. Needham has maintained its Buy rating for Jamf, setting a $25 price target, while Mizuho (NYSE:MFG) and JPMorgan have both adjusted their price targets to $18, citing different factors influencing the company’s financial outlook.
JPMorgan highlighted a cautious stance from Jamf, with a reduced price target from $20 to $18, reflecting a projected slowdown in revenue growth for 2025. Despite this, Jamf’s core subscription business is nearing stabilization, with an Annual Recurring Revenue (ARR) growth projection of 8% for 2025. Mizuho reiterated its Outperform rating on Jamf, emphasizing the strategic nature of the Identity Automation acquisition and the potential for cross-selling opportunities.
Jamf’s recent financial results showed an ARR growth of 10% year-over-year, slightly below analyst expectations. The company’s first-quarter revenue guidance also came in below projections, with full-year 2025 growth expected at 8%, lower than the anticipated 12%. Despite these challenges, Mizuho remains optimistic about Jamf’s market position, particularly in the education and technology sectors.
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