Beth Tschida, the Chief Technology Officer (CTO) of Jamf (NASDAQ:JAMF) Holding Corp. (NASDAQ:JAMF), has recently sold shares of the company's common stock, according to the latest filings. The transactions took place on March 19, 2024, and involved the sale of a total of 13,900 shares at a weighted average price of $17.8969 per share, resulting in a total sale amount of approximately $248,766.
The price range for these sales varied, with individual transactions occurring at prices from $17.81 to $18.02. The sales were executed in multiple transactions, and Tschida has committed to providing detailed information about the number of shares sold at each price upon request.
Following the sale, Tschida still holds a significant number of shares in Jamf Holding Corp., with a reported 347,948 shares remaining in her direct ownership. In addition to her direct holdings, it was noted that an indirect ownership of 1,603 shares is held by a child of the reporting person.
The sale was part of a mandatory transaction to cover tax withholding obligations that arose upon the vesting of restricted stock units (RSUs), as indicated in the footnotes of the filing.
Investors often monitor insider transactions as they can provide insights into the executives' perspectives on the company's current valuation and future prospects. However, such sales can also be part of routine financial planning or diversification strategies by company insiders.
Jamf Holding Corp. specializes in prepackaged software services and is headquartered in Minneapolis, Minnesota. The company's shares are traded on the NASDAQ under the symbol JAMF.
InvestingPro Insights
Following the recent sale of shares by Jamf Holding Corp.'s CTO, Beth Tschida, investors may be curious about the company's current financial health and market performance. According to InvestingPro data, Jamf Holding Corp. (NASDAQ:JAMF) has a market capitalization of $2.32 billion. Despite a negative P/E ratio of -20.81, reflecting challenges in profitability, the company has shown promising revenue growth in the last twelve months as of Q4 2023, with an increase of 17.08% reaching $560.57 million.
The company's gross profit margin stands strong at 80.0%, indicating that Jamf is maintaining a high level of efficiency in its operations. However, the adjusted operating income margin is at -18.71%, suggesting that there are expenses impacting the bottom line. The InvestingPro Tips highlight the significance of these figures: a robust gross profit margin is a positive sign for potential investors, while the negative operating income margin may warrant a closer examination of the company's cost management strategies.
For those considering an investment in Jamf Holding Corp., the InvestingPro Fair Value estimate stands at $22.08, which is slightly below the analyst target of $22.3. This discrepancy suggests that the stock may be undervalued, providing a potential opportunity for investors. Moreover, with a Price to Book ratio of 3.23 as of the last twelve months of Q4 2023, the company's assets are priced higher than their actual book value, which could indicate market optimism about future growth.
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