In a recent transaction, Beth Tschida, the Chief Technology Officer (CTO) of Jamf (NASDAQ:JAMF) Holding Corp. (NASDAQ:JAMF), sold 7,526 shares of the company's common stock. The sale, which took place on April 18, 2024, amounted to over $137,533 in total value. The shares were sold at a weighted average price of $18.2744, with individual sales prices ranging from $18.14 to $18.51.
The transaction has been publicly documented, providing transparency to investors and the market. After the sale, Tschida still holds a significant number of shares in the company, totaling 340,422 shares of Jamf Holding Corp. common stock.
It's also noted that an indirect holding of 1,603 shares is registered in the name of Tschida's child. This detail emphasizes the breadth of Tschida's investment in the company, extending to immediate family members.
The reported transaction comes with a commitment from Tschida to furnish further details upon request, regarding the specific number of shares sold at each price within the stated range. This offer stands to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission.
Jamf Holding Corp., headquartered in Minneapolis, Minnesota, specializes in prepackaged software services and remains a key player in the technology sector. The company's stock performance and insider transactions such as these are often closely monitored by investors seeking insights into the company's health and executive confidence.
InvestingPro Insights
Following the recent insider transaction by Jamf Holding Corp.'s (NASDAQ:JAMF) CTO, Beth Tschida, investors might be curious about the company's current financial health and market performance. Jamf, with an adjusted market capitalization of $2.46 billion, showcases a revenue growth of 17.08% in the last twelve months as of Q4 2023, indicating a solid upward trajectory in sales. This is complemented by a gross profit margin of an impressive 80.0%, reflecting the company's strong ability to manage its cost of goods sold and maintain profitability on its software services.
Despite a negative P/E ratio of -21.85, which has adjusted to -24.27 in the last twelve months as of Q4 2023, and a PEG ratio of -0.88, the company's revenue and gross profit figures could suggest underlying value that might not be fully recognized by the market. Additionally, the 6-month price total return of 21.49% demonstrates a significant rebound in investor confidence and market valuation over a medium-term horizon.
An InvestingPro Tip suggests that investors should consider the company's robust gross profit margin and revenue growth when evaluating the stock, as these metrics may indicate a strong market position and potential for future profitability. Another InvestingPro Tip points out that the company's fair value, according to analyst targets, is currently at $22.3, while InvestingPro's own fair value estimate stands at $21.38, both of which are above the previous close price of $18.6. This could imply a potential undervaluation of Jamf's shares, offering an intriguing opportunity for investors.
Subscribers to InvestingPro can access a comprehensive list of additional tips to further refine their investment strategy in Jamf Holding Corp. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking even more valuable insights. Currently, there are 5 more InvestingPro Tips available for Jamf Holding Corp., providing a deeper dive into the company's financials and market prospects.
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