Last year, many Jamf Holding Corp. (NASDAQ:JAMF) insiders have sold a significant stake in the company, which may have piqued investor interest. When analyzing insider transactions, it is usually more valuable to know if insiders are buying than if they are selling, as the latter sends a more ambiguous message. However, shareholders should take a closer look if multiple insiders sell shares over a period of time.
While we don’t believe shareholders should simply follow insider transactions, logic dictates that you should pay attention to whether insiders are buying or selling shares.
Check out our latest analysis for Jamf Holding
Jamf Holding’s insider transactions in the last year
CEO and Director John Strosahl made the largest insider sale of the last 12 months. This single transaction was for US$586,000 worth of shares at a price of US$17.97 per share, so it’s clear that an insider saw fit to sell at the current price of around US$16.73. We generally don’t like to see insider selling, but the lower the sell price, the more concerned we are. Given that the sale occurred at around current prices, this makes us somewhat cautious, but hardly a cause for concern.
Jamf Holding insiders have not purchased any shares in the last year. You can see insider transactions (by companies and individuals) over the last year in the graph below. If you click on the graph, you can see all the individual transactions, including share price, individual, and date!
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Jamf Holding insiders sell shares
Over the last three months, we have observed significant insider selling at Jamf Holding. Specifically, insiders have sold $289,000 worth of shares during this time, and we have not seen any purchases. This could indicate that some insiders do not consider the shares to be cheap.
Does Jamf Holding have a high level of insider ownership?
Another way to test the alignment between a company’s leaders and other shareholders is to look at how many shares they own. High levels of insider ownership often mean that company management is more mindful of shareholder interests. Jamf Holding insiders own about $55 million worth of shares, representing 2.6% of the company. This level of insider ownership is good, but not particularly remarkable. It certainly suggests a reasonable level of alignment.
What could insider transactions at Jamf Holding tell us?
Insiders have sold shares recently, but they haven’t bought. And there have been no purchases in the last year that would give us comfort. Insiders own shares, but we’re still pretty cautious given the selling history. So we would only buy after careful consideration. While it’s helpful to know what insiders are doing in terms of buying or selling, it’s also helpful to know what risks a particular company faces. You’ll be interested to know that we found 2 warning signs for Jamf Holding and we recommend you take a look.
Naturally Jamf Holding may not be the best stock to buy. You may want to see this free Collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulator. Currently, we only consider open market transactions and private disposals of direct holdings, but not derivative transactions or indirect holdings.
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This Simply Wall St article is of a general nature. We comment solely on the basis of historical data and analyst forecasts, using an unbiased methodology. Our articles do not constitute financial advice. It is not a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. Our goal is to provide you with long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative materials. Simply Wall St does not hold any of the stocks mentioned.
