Jamf (NASDAQ:JAMF) Announces Earnings Results

Jamf (NASDAQ:JAMF) issued its quarterly earnings results on Wednesday. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04, Briefing.com reports. Jamf had a negative return on equity of 6.12% and a negative net margin of 19.64%. The firm had revenue of $152.12 million during the quarter, compared to the consensus estimate of $149.21 million. During the same period last year, the business posted ($0.08) EPS. The business’s revenue was up 15.1% compared to the same quarter last year. Jamf updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

Jamf Stock Performance

Shares of JAMF traded up $0.26 on Thursday, reaching $19.97. 399,280 shares of the company’s stock traded hands, compared to its average volume of 417,801. The stock has a market cap of $2.56 billion, a PE ratio of -22.49 and a beta of 0.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51. The stock’s 50 day simple moving average is $18.45 and its two-hundred day simple moving average is $18.17. Jamf has a 52-week low of $14.83 and a 52-week high of $22.89.

Insider Buying and Selling at Jamf

In related news, CEO John Strosahl sold 33,961 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $17.89, for a total transaction of $607,562.29. Following the completion of the transaction, the chief executive officer now owns 1,101,639 shares in the company, valued at $19,708,321.71. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Jamf news, insider Linh Lam sold 2,200 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $20.03, for a total value of $44,066.00. Following the sale, the insider now directly owns 200,585 shares in the company, valued at $4,017,717.55. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO John Strosahl sold 33,961 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $17.89, for a total value of $607,562.29. Following the completion of the sale, the chief executive officer now owns 1,101,639 shares in the company, valued at $19,708,321.71. The disclosure for this sale can be found here. Insiders sold 239,323 shares of company stock worth $4,393,336 in the last quarter. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on JAMF shares. Mizuho increased their price target on Jamf from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price objective on shares of Jamf in a report on Thursday. Barclays upped their price target on Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Thursday, March 14th. Finally, Royal Bank of Canada boosted their price objective on Jamf from $21.00 to $23.00 and gave the company an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $24.17.

About Jamf

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform in the Americas, Europe, the Middle East, India, and Africa. Its products include Jamf Pro, an Apple ecosystem management software solution for IT environments; Jamf Now, a pay-as-you-go Apple device management software solution for small-to-medium-sized businesses; Jamf School, an apple mobile device management for schools; and Jamf Connect, a ZTNA solution that replaces legacy conditional access and VPN technology.