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MINNEAPOLIS—Dean Hager, a director at Jamf Holding Corp. (NASDAQ:JAMF), recently sold 4,708 shares of the company’s common stock. The sale, executed on May 30, was carried out under a Rule 10b5-1 trading plan that Hager adopted on September 30, 2024. The transaction comes as Jamf, currently valued at $1.36 billion, shows signs of being undervalued according to InvestingPro analysis, despite a challenging year with a -31% six-month return.
The shares were sold at a weighted average price of $10.4584, with individual transaction prices ranging from $10.36 to $10.55. Following this transaction, Hager holds 298,067 shares of Jamf Holding Corp. stock directly. The company maintains a FAIR financial health score according to InvestingPro metrics, with a solid 79.7% gross profit margin and steady revenue growth of 10.8% over the last twelve months.
This sale was documented in a Form 4 filing with the Securities and Exchange Commission, signed by Jeff Lendino as attorney-in-fact for Dean Hager. For deeper insights into insider trading patterns and comprehensive analysis, access the full Jamf Research Report, available exclusively on InvestingPro.
In other recent news, Jamf Holding Corp. reported first-quarter earnings for 2025 that exceeded expectations, leading JPMorgan to revise the company’s annual forecast upward. The earnings beat was attributed to robust demand across sectors like Healthcare, Financial Services, and Education, which boosted revenue and improved margins. Additionally, Jamf announced the acquisition of Identity Automation for $215 million, a move anticipated to enhance revenue and operating income, particularly in the education sector. This acquisition is expected to be a growth catalyst, with potential benefits becoming more evident in the latter half of the year.
JMP Securities maintained a Market Outperform rating for Jamf, with a $27 price target, following the company’s announcement of a $400 million incremental term loan facility. This financial move is aimed at enhancing Jamf’s strategic goals. In contrast, JPMorgan adjusted its price target for Jamf to $18 from $20, citing a cautious revenue growth outlook for 2025. The company projects a slowdown in revenue growth for the consecutive year, although the Subscription business shows signs of stabilization.
Needham reiterated a Buy rating with a $25 price target, emphasizing the strategic importance of the Identity Automation acquisition. Meanwhile, Jamf’s board of directors is undergoing changes, with Virginia Gambale and Charles Guan deciding not to stand for re-election. These developments are closely watched by investors, as board composition can significantly influence company strategy.
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