Anthony Grabenau, the Chief Accounting Officer (CAO) of Jamf Holding Corp. (NASDAQ:JAMF), recently sold shares of the company, according to a regulatory filing. The transaction occurred on January 16, 2025, when Grabenau sold 3,706 shares at a weighted average price of approximately $14.1271 per share. The shares were sold for a total value of $52,355. The stock, currently trading at $14.49, has seen a -24% return over the past year, though InvestingPro analysis suggests the company is currently undervalued. With a market cap of $1.87 billion and a Financial Health score of FAIR, Jamf continues to show revenue growth of ~14% in the last twelve months.
The sales were carried out under a pre-arranged trading plan established on May 17, 2024, under Rule 10b5-1. This rule allows company insiders to set up a predetermined plan to sell stocks they own, helping to avoid concerns about insider trading. For deeper insights into Jamf's valuation metrics and comprehensive analysis, check out the detailed Pro Research Report, available exclusively on InvestingPro.
Following this transaction, Grabenau holds 33,479 shares of Jamf Holding Corp. The shares were sold in multiple transactions at prices ranging from $14.05 to $14.26.
In other recent news, Jamf, known for its Apple (NASDAQ:AAPL) device management and security solutions, has reported positive developments. The company disclosed a 12% year-over-year increase in revenue, reaching an Annual Recurring Revenue (ARR) of $635 million. Its non-GAAP operating income surged to $27.7 million, a significant 800 basis point improvement from the previous year.
Jamf also announced the availability of its flagship product, Jamf Pro, on the Microsoft (NASDAQ:MSFT) Azure cloud platform. This move is coupled with Jamf Pro's top-tier partner designation within Microsoft Azure's IP co-sell program, reflecting a deepening collaboration between the two tech giants.
Additionally, Jamf has unveiled strategic partnerships with Microsoft and Okta (NASDAQ:OKTA), and launched a new Partner Hub. The company expects a growth of 7% to 8% in Q4, with projected Q4 2024 revenue ranging between $161.9 million and $162.9 million. These recent developments indicate a clear focus on expansion in 2024.
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