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Beth Tschida, the Chief Technology Officer of Jamf Holding Corp. (NASDAQ:JAMF), recently executed a significant stock sale. On March 17, Tschida sold 88,797 shares of common stock, totaling approximately $1.19 million. The shares were sold at a weighted average price of $13.3678, with individual transaction prices ranging from $13.07 to $13.54. According to InvestingPro data, JAMF’s stock is currently trading near its 52-week low of $12.89, with the company showing an 11.9% revenue growth over the last twelve months.
Following the sale, Tschida retains direct ownership of 487,810 shares in the company. The transaction was conducted under a Rule 10b5-1 trading plan, which was established on October 3, 2024, allowing for pre-determined trading of securities. InvestingPro analysis indicates JAMF is currently undervalued, with analysts setting price targets between $16 and $27. The company maintains a FAIR financial health score, suggesting stable fundamentals despite recent stock price performance. Get detailed insights and more exclusive ProTips with a comprehensive Pro Research Report, available for over 1,400 US stocks including JAMF.
In other recent news, Jamf Holding Corp. announced its intention to acquire Identity Automation for approximately $215 million in cash, a strategic move expected to enhance its identity management capabilities. The acquisition is anticipated to contribute positively to Jamf’s revenue growth and operating income, with the deal expected to close by the second quarter of fiscal year 2025. Analysts from Needham have maintained a Buy rating on Jamf, setting a price target of $25, while JPMorgan and Mizuho (NYSE:MFG) have both adjusted their price targets to $18, citing revised growth expectations.
JPMorgan’s analysts noted a projected slowdown in Jamf’s revenue growth, with the company expecting an 8% growth rate in 2025, down from previous years. Despite this, Mizuho has reiterated its Outperform rating, highlighting Jamf’s strong market position and potential for future growth in the education and technology sectors. The firm’s analysts also pointed out Jamf’s competitive edge in providing IT management and security solutions for Apple (NASDAQ:AAPL) devices.
Jamf’s management has expressed optimism about the acquisition’s potential, aiming to leverage Identity Automation’s technology across various industries, particularly in education. This strategic move is viewed as complementary to Jamf’s existing offerings, such as Jamf Connect and Zero Trust Network Access solutions. The acquisition is also expected to provide cross-selling and upselling opportunities, bolstering Jamf’s cybersecurity portfolio.
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