Jamf Holding’s chief innovation officer sells $245,367 in stock

MINNEAPOLIS—Jason Wudi, the Chief Innovation Officer at Jamf Holding Corp. (NASDAQ:JAMF), recently sold shares in the company valued at approximately $245,367. The transaction, disclosed in a regulatory filing, took place on March 19, 2025. The $1.7 billion market cap company, which has seen its stock decline about 27% over the past six months, currently shows a "FAIR" financial health score according to InvestingPro analysis.

Wudi sold a total of 18,125 shares at a weighted average price of $13.5375 per share. The shares were sold in multiple transactions, with prices ranging from $13.40 to $13.6331, according to the filing. Following this sale, Wudi retains ownership of 425,061 shares in the company. The sale price was slightly above the current trading price of $13.17, with InvestingPro analysis indicating the stock is currently undervalued despite maintaining strong revenue growth of nearly 12% over the last twelve months.

The transaction was conducted as part of an automatic sale-to-cover arrangement for required tax withholding obligations. For deeper insights into insider transactions and comprehensive financial analysis, including detailed Fair Value calculations and growth projections, check out the full JAMF research report on InvestingPro.

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 cybersecurity offerings and expand its presence in the education and healthcare sectors. The acquisition is expected to positively impact Jamf’s revenue and operating income, aligning with its strategy to integrate Identity Automation’s capabilities into its platform. Analysts from Needham have maintained a Buy rating with a $25 price target, viewing the acquisition as a strategic expansion into new markets.

Meanwhile, JPMorgan has adjusted its outlook on Jamf, lowering the price target to $18 from $20, while retaining an Overweight rating. The firm cited Jamf’s cautious guidance for 2025, projecting a slowdown in revenue growth and adjusting long-term financial goals. Mizuho (NYSE:MFG) also revised its price target to $18 but maintained an Outperform rating, emphasizing Jamf’s strong market position and potential benefits from the acquisition.

Jamf reported an annual recurring revenue (ARR) growth of 10% year-over-year, reaching $646 million, slightly below analyst expectations. Despite the mixed financial results, Jamf’s management remains optimistic about potential positive shifts in the education and technology sectors. The acquisition and recent analyst ratings reflect a complex but potentially promising outlook for Jamf’s future financial performance.

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