Chief Innovation Officer Jason Wudi Sells 15,000 Shares of Jamf Holding Corp (JAMF)
Jason Wudi, Chief Innovation Officer of Jamf Holding Corp (NASDAQ:JAMF), executed a sale of 15,000 shares in the company on January 10, 2024, according to a recent SEC Filing. The transaction was carried out at an average price of $18.77 per share, resulting in a total value of $281,550.
Jamf Holding Corp specializes in software solutions for Apple devices, providing device management, security, and infrastructure services for businesses and educational institutions to optimize their use of Apple products.
Over the past year, the insider has sold a total of 77,488 shares and has not made any share purchases. This latest transaction continues a trend of insider sales at Jamf Holding Corp, with a total of 16 insider sales and no insider buys reported over the same period.
On the valuation front, Jamf Holding Corp's shares were trading at $18.77 on the day of the insider's sale, giving the company a market capitalization of $2.393 billion. The stock's price-to-GF-Value ratio stands at 0.5, with a GuruFocus Value of $37.25, indicating that the stock is currently categorized as a Possible Value Trap, Think Twice according to its GF Value.
The GF Value is a proprietary valuation metric used by GuruFocus, which is derived from historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's historical returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's value. While insider selling does not necessarily indicate a lack of confidence in the company, a consistent pattern of sales could prompt stakeholders to investigate further into the company's fundamentals and potential headwinds.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
