In a recent transaction, Etalvina Leite, Director of Jamf (NASDAQ:JAMF) Holding Corp. (NASDAQ:JAMF), a company specializing in prepackaged software, sold 4,153 shares of common stock. The sale was executed at a weighted average price of $16.0614 per share, totaling approximately $66,702.
The transactions occurred on May 24, 2024, and were carried out within a price range of $15.88 to $16.28. Following the sale, Leite's holdings in the company decreased to 14,680 shares of common stock.
It's noteworthy that the sales were conducted in accordance with a Rule 10b5-1 trading plan, which Leite had adopted on September 8, 2023. A 10b5-1 trading plan allows company insiders to sell stocks at predetermined times to avoid accusations of insider trading.
Investors and stakeholders can request detailed information about the specific number of shares sold at each price within the reported range from Etalvina Leite or the company.
The transaction was publicly disclosed in a Form 4 filing with the Securities and Exchange Commission, with Jeff Lendino signing as attorney-in-fact for Etalvina Leite on May 29, 2024.
InvestingPro Insights
Amid the recent insider trading activity at Jamf Holding Corp. (NASDAQ:JAMF), investors may be evaluating the company's financial health and market performance. As of the last twelve months leading up to Q1 2024, Jamf reported a revenue of $580.48 million, reflecting a robust growth of 15.47%. This growth is consistent with the quarterly figure, which also shows a solid increase of 15.06%. Despite the company's negative P/E ratio of -18.96, which worsened to -23.37 when adjusted for the same period, the revenue growth metrics indicate a positive trend in the company's business operations.
Moreover, Jamf's gross profit margin stands at an impressive 79.81%, underscoring the company's ability to maintain profitability in its core business activities. However, the company's operating income margin was reported at -15.84%, indicating challenges in translating gross profits into operational efficiency. With an EBITDA growth of 48.91%, there are signs of potential improvement in earnings before interest, taxes, depreciation, and amortization.
InvestingPro Tips suggest that investors should consider both growth potential and profitability metrics when assessing a company's performance. For those interested in a deeper dive into Jamf's financials and market position, InvestingPro offers additional insights and tips. Currently, there are over 15 additional tips available on InvestingPro that could help investors make more informed decisions. Remember to use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
The company's stock has experienced a downward trend in the short term, with a 1-week price total return of -8.45% and a 1-month return of -18.35%. Despite these recent declines, the stock is trading at 69.59% of its 52-week high, and the InvestingPro Fair Value estimate stands at $20.37, which is below the analyst target of $24.5 but suggests potential upside from the previous close price of $16.43.
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