Jamf (NASDAQ:JAMF) Holding Corp (NASDAQ:JAMF) CSO, Elizabeth Benz, has recently sold a portion of her company shares, according to the latest SEC filings. Over two consecutive days, Benz sold a total of 24,985 shares, resulting in a transaction value of approximately $447,894.
The sales occurred on March 19th and 20th, with the prices per share for these transactions ranging from $17.67 to $18.21. On the first day, Benz sold 7,720 shares at a weighted average price of $17.8524. The following day, she sold 17,265 shares at an average price of $17.9597. These sales were part of a pre-arranged Rule 10b5-1 trading plan, which Benz had adopted on March 8, 2023.
After these transactions, Elizabeth Benz's remaining stake in Jamf Holding Corp consists of 218,874 shares. The company, headquartered in Minneapolis, specializes in prepackaged software services and has been a key player in the technology sector.
The details of the transactions have been made available in the footnotes of the SEC filing, where Benz commits to providing full information regarding the number of shares sold at each separate price upon request. This transparency ensures that shareholders and potential investors have access to all pertinent information regarding executive stock sales.
Investors often monitor insider transactions for insights into a company's health and management's perspective on the stock's valuation. The recent sales by Jamf's CSO might be of interest to current and potential shareholders looking to understand the latest insider activity within the company.
InvestingPro Insights
As Jamf Holding Corp (NASDAQ:JAMF) continues to navigate the technology sector, recent financial metrics from InvestingPro provide a snapshot of the company's performance. With a market capitalization of $2.32 billion, Jamf's valuation reflects its standing in the prepackaged software services industry. Despite a negative P/E ratio of -20.81, which further adjusted to -22.9 for the last twelve months as of Q4 2023, the company has demonstrated notable revenue growth. Over the same period, Jamf's revenue increased by 17.08%, reaching $560.57 million, with a gross profit margin impressively standing at 80.0%.
InvestingPro Tips suggest that the company's revenue growth and high gross profit margin could be indicative of its ability to scale effectively and maintain profitability in its core business operations. Moreover, the fair value estimates from analysts and InvestingPro's own calculations, which stand at $22.3 and $22.08 respectively, suggest a potential undervaluation at the previous close price of $17.99. These insights may be particularly relevant for investors considering the stock's recent performance, including a 1-year price total return of -9.05%.
For those interested in a deeper analysis, InvestingPro offers additional insights and tips, which could be especially useful in the context of insider transactions such as those by Elizabeth Benz. Subscribers can access these insights and take advantage of a special offer using the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With more tips available on InvestingPro, investors can gain a comprehensive understanding of Jamf's market position and future prospects.
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