Jeff Lendino, Chief Legal Officer of Jamf (NASDAQ:JAMF) Holding Corp. (NASDAQ:JAMF), has sold a total of $208,749 worth of company stock, according to recent filings with the Securities and Exchange Commission. The transactions, which took place on March 19 and March 20, 2024, involved the sale of Common Stock at prices ranging from $17.67 to $18.07.
Lendino's sales were executed under a pre-arranged Rule 10b5-1 trading plan, which was adopted on November 28, 2023. Such plans allow company insiders to sell a predetermined number of shares at a predetermined time, providing a defense against potential accusations of trading on nonpublic information.
On March 19, the Chief Legal Officer sold 7,746 shares at a weighted average price of $17.8537, while on the following day, Lendino sold 3,936 shares at an average price of $17.9002. The sales were conducted in multiple transactions within the stated price ranges.
Following the sales, Jeff Lendino still owns a substantial number of shares in the company, with 254,926 shares remaining in his possession. The transactions were direct ownership sales, indicating that the shares were personally held by Lendino.
Investors and followers of Jamf Holding Corp. can request more detailed information about the specific prices at which the shares were sold within the reported ranges if needed. The activity was disclosed in accordance with SEC regulations, providing transparency into the trading actions of the company's executives.
InvestingPro Insights
Amid the recent stock sales by Jamf Holding Corp.'s (NASDAQ:JAMF) Chief Legal Officer, Jeff Lendino, the company's financial health and stock performance provide a broader context for potential investors. Jamf, with a current market capitalization of $2.32 billion, reflects a substantial presence in its sector. Despite a challenging P/E ratio, which stands at -20.81 and adjusts to -22.9 for the last twelve months as of Q4 2023, the company's revenue growth remains robust. Jamf reported a revenue increase of 17.08% for the same period, underlining its ability to expand its top-line financials.
Investors may also note the company's solid gross profit margin, which reached 80.0% in the last twelve months as of Q4 2023. This high margin indicates Jamf's effectiveness in managing its cost of goods sold and maintaining profitability on its products and services. Moreover, the company's stock has experienced a 5.33% total return over the past six months, suggesting a degree of resilience in investor sentiment.
With the next earnings date scheduled for May 7, 2024, and analysts' fair value targets averaging around $22.3, contrasting with the recent closing price of $17.99, there is an implied potential for stock price appreciation according to market experts. For those considering a deeper dive into Jamf's financials, InvestingPro offers additional insights. Currently, there are 25 more InvestingPro Tips available to help investors make more informed decisions. Use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, unlocking a wealth of expert analysis and real-time data.
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