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Michelle Bucaria, Chief People Officer at Jamf Holding Corp. (NASDAQ:JAMF), a $1.7 billion market cap company currently trading near its 52-week low, recently sold 12,656 shares of common stock, according to a filing with the Securities and Exchange Commission. InvestingPro analysis indicates the stock is currently undervalued based on its Fair Value model. The shares were sold at a weighted average price of $13.5489, totaling approximately $171,474. This transaction was conducted as an automatic sale to cover tax withholding obligations. Following this sale, Bucaria retains ownership of 278,578 shares in the company. The shares were sold in multiple transactions with prices ranging from $13.4653 to $13.6200. The stock has declined about 27% over the past six months, while analysts maintain a moderate buy rating with a consensus target suggesting significant upside potential. Get deeper insights and access to comprehensive valuation metrics with InvestingPro’s exclusive research report.
In other recent news, Jamf Holding Corp. announced its acquisition of Identity Automation for approximately $215 million in cash, aiming to enhance its offerings in identity and access management. This strategic move is expected to contribute positively to Jamf’s revenue growth and operating income, with the transaction anticipated to close by the end of the second quarter of fiscal year 2025. Needham has maintained a Buy rating on Jamf, highlighting the acquisition as a strategic expansion into new markets. Meanwhile, JPMorgan adjusted its price target for Jamf to $18 from $20, retaining an Overweight rating while noting a cautious outlook for 2025 revenue growth. The firm highlighted a projected slowdown in revenue growth, with Jamf aiming to achieve the Rule of 40 by the end of fiscal year 2026. Mizuho (NYSE:MFG) also maintained its Outperform rating but lowered its price target to $18, reflecting Jamf’s recent financial performance and future guidance. The analysts noted Jamf’s strong competitive position in the market and its potential for growth in the education and technology sectors. Despite facing macroeconomic challenges and a mixed financial performance, Jamf remains optimistic about its market position and future prospects.
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