Beth Tschida, the Chief Technology Officer (CTO) of Jamf (NASDAQ:JAMF) Holding Corp. (NASDAQ:JAMF), a company specializing in prepackaged software solutions, has recently sold a portion of her company stock. On July 18, Tschida sold 1,696 shares of common stock at a price of $18.76 per share, totaling over $31,816.
The transaction has adjusted Tschida's direct holdings in the company to 333,631 shares following the sale. Additionally, it's noted that there are 1,603 shares of common stock held indirectly by Tschida's child.
Investors often monitor insider transactions as they can provide insights into the confidence levels that executives have in their company's current status and future prospects.
The sale was formally reported in a filing with the U.S. Securities and Exchange Commission (SEC) on July 22. Transactions of this nature are common among corporate executives and can be motivated by a variety of personal financial considerations.
Shares of Jamf Holding Corp. are publicly traded, and the company continues to maintain its corporate headquarters in Minneapolis, Minnesota.
In other recent news, Jamf has reported notable growth in the first quarter of fiscal year 2024, alongside becoming an authorized Common Vulnerabilities and Exposures (CVE) Numbering Authority. The company's Annual Recurring Revenue (ARR) increased by 14%, and revenue rose by 15%. The non-GAAP operating income was $22.1 million. Investment funds affiliated with Vista Equity Partners are initiating a public offering of 8,956,522 shares of Jamf, with the company planning to repurchase 2,000,000 shares of its own stock. Analysts from RBC Capital Markets, Barclays (LON:BARC) Capital Inc., and JMP Securities have maintained "Outperform", "Equal Weight", and "Market Outperform" ratings for Jamf respectively. Jamf's management is aiming to achieve over $850 million in ARR and a non-GAAP Operating Margin of 25% by FY26. These are recent developments in the company's operations.
InvestingPro Insights
As investors evaluate the recent insider stock sale by Beth Tschida, CTO of Jamf Holding Corp. (NASDAQ:JAMF), it's worth considering the broader financial health and market performance of the company. According to InvestingPro data, Jamf has a market capitalization of $2.37 billion and has shown a significant revenue growth of 15.47% over the last twelve months as of Q1 2024. This growth is consistent with the quarterly figure reported for Q1 2024, which stands at 15.06%. Such consistent revenue expansion may indicate underlying business strengths that could be of interest to stakeholders.
Despite a negative P/E ratio of -21.91, which typically suggests that the company is not currently profitable, the InvestingPro Fair Value estimate is $20.95, suggesting potential undervaluation at the previous close price of $18.32. Additionally, the company's gross profit margin remains robust at 79.81% for the same period, reflecting the company's ability to maintain profitability on its products and services.
For those looking to delve deeper into the financial nuances of Jamf Holding Corp., InvestingPro offers additional insights. There are 15 more InvestingPro Tips available, which could provide further clarity on the company's financial health and investment potential. Interested readers can access these insights and benefit from a special offer using the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
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