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MINNEAPOLIS—Elizabeth Benz, Chief Strategy Officer of Jamf Holding Corp. (NASDAQ:JAMF), recently sold 57,380 shares of the company’s common stock. The transactions, executed on March 19, 2025, were completed at an average weighted price of $13.60 per share, resulting in a total sale value of approximately $780,293. The software company, with a market capitalization of $1.7 billion, has demonstrated solid revenue growth of ~12% over the last twelve months, though InvestingPro analysis indicates the stock is currently undervalued.
Following these transactions, Benz retains ownership of 358,775 shares in the company. The sales were conducted under a pre-established Rule 10b5-1 trading plan, which Benz adopted on June 7, 2024. The shares were sold in multiple transactions at prices ranging from $13.46 to $13.70. With analyst targets ranging from $16 to $27 and a consensus "Buy" rating, the stock shows potential upside despite recent insider selling. Discover more insights with InvestingPro’s comprehensive insider trading analysis and exclusive ProTips.
This activity was reported in a recent SEC filing, providing transparency to investors and stakeholders regarding changes in insider holdings.
In other recent news, Jamf Holding Corp. has announced its acquisition of Identity Automation for approximately $215 million in cash, a strategic move expected to enhance its offerings in identity management across various industries. This acquisition is anticipated to positively impact Jamf’s revenue and operating income, aligning with the company’s growth strategy. Analysts at Needham have maintained their Buy rating on Jamf with a $25 price target, highlighting the acquisition’s potential to expand Jamf’s market reach. Meanwhile, JPMorgan has adjusted its price target for Jamf to $18, citing a more cautious outlook for 2025, despite maintaining an Overweight rating. The firm noted a projected slowdown in revenue growth but acknowledged stabilization in Jamf’s core subscription business.
Mizuho (NYSE:MFG) also reiterated its Outperform rating for Jamf, setting a price target of $18, following the acquisition announcement. The firm sees this move as a strategic extension of Jamf’s cybersecurity portfolio, with potential benefits from cross-selling opportunities. Despite some challenges in meeting financial projections, Jamf’s management remains optimistic about future market conditions, particularly in the education and technology sectors. The company’s Annual Recurring Revenue (ARR) grew by 10% year-over-year to $646 million, slightly below analyst expectations. Mizuho’s analysts emphasized Jamf’s strong market position, particularly in IT management and security solutions for Apple (NASDAQ:AAPL) devices, and noted the company’s attractive trading position relative to its estimated enterprise value to ARR.
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