Jamf Holding (JAMF) AI Stock Analysis

• Market Cap: $1.07B
• Dividend Yield: N/A
• Average Volume (3M): 1.19M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: 10.75%
• EPS Growth: 56.37%
• Country: US
• Employees: 2,595
• Sector: Technology
• Sector Strength: 94
• Industry: Software - Application
• EPS (TTM): 0.22
• Shares Outstanding: 131,864,700
• 10 Day Avg. Volume: 1,561,391
• 30 Day Avg. Volume: 1,193,777
• PEG Ratio: -0.71
• Price to Book (P/B): 1.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 27.52
• Enterprise Value/Market Cap: 1.13
• Enterprise Value/Revenue: 0.49
• Enterprise Value/Gross Profit: 2.47
• Enterprise Value/Ebitda: -13.47
• 1Y Price Target: $16.11
• Price Target Upside: 98.40% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10

• Rating: 59 Neutral
• Price Target: $8.50 ▲(4.68%Upside)

Jamf's overall score is driven by strong financial performance in revenue growth and cash flow, and a positive earnings call outlook. However, technical analysis indicates bearish momentum, and valuation metrics show challenges due to negative earnings.

Positive Factors

Enterprise Market Focus

The company's leadership position in a growing market for Apple devices in the enterprise and expanding platform capabilities in the security space will enable Jamf to drive compounding revenue growth for the next several years.

Financial Performance

Jamf expects to exceed the high end of revenue and profit ranges for Q2, indicating strong performance.

Strategic Reinvestment

The market views the announced changes as a necessary and correct move, with JAMF shares remaining stable or slightly increasing.

Negative Factors

Growth Metrics

Some of its leading growth metrics are decelerating, like annual recurring revenue (ARR).

Operational Changes

Jamf will lay off about 6.4% of its workforce, primarily in the company’s sales organization, to help fund its reinvestment plan.

Stagnant Demand Environment

The strategy shift could also be a signal that the demand environment remains stagnant.

Jamf Holding Business Overview & Revenue Model

Company Description

Jamf Holding Corp. offers a cloud software platform for Apple infrastructure and security platform worldwide. 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, a software solution for educators; Jamf Data Policy, a solution to enforce acceptable usage policies to eliminate shadow IT and block risky content and manage data consumption with real-time analytics and granular reporting; and Jamf Connect that streamlines Mac authentication and identity management; and Jamf Private Access, a ZTNA solution that replaces legacy conditional access and VPN technology. The company also offers Jamf Protect, which provides protection of Mac-targeted malware and creates customized telemetry and detections that give enterprise security teams visibility into their Macs; Jamf Threat Defense, a solution to protect workers from malicious attackers; and Jamf Nation, an online community of IT and security professionals focusing on Apple in the enterprise. It sells its SaaS solutions through a subscription model, direct sales force, and online, as well as indirectly through channel partners, including Apple. The company was founded in 2002 and is headquartered in Minneapolis, Minnesota.

How the Company Makes Money

Jamf Holding Corp. generates revenue through a subscription-based model, with the majority of its income derived from recurring subscription fees for its software solutions. The company charges organizations and educational institutions for access to its platform, which allows them to manage their fleet of Apple devices. Additionally, Jamf may generate income from professional services, such as training and support, that complement its software offerings. Strategic partnerships with Apple and other technology firms also play a role in enhancing Jamf's market reach and product integration, contributing to its overall revenue generation.

Jamf Holding Financial Statement Overview

Summary

Jamf Holding demonstrates strong revenue growth and cash flow generation, backed by a stable balance sheet despite persistent net losses and negative profit margins. Improvements in cash flow generation suggest potential for future operational stability.

Income Statement

Jamf Holding shows a solid revenue growth trajectory, with a significant increase in total revenue from $366.39 million in 2021 to $642.90 million in the TTM. Gross profit margin remains strong at 76.43% in TTM, indicating efficient cost management. However, the company consistently records negative EBIT and net income, showing challenges in achieving operational profitability. The net profit margin is -7.37% in TTM, showing improvement from previous years but still negative, highlighting profitability issues.

Balance Sheet

The balance sheet is stable with a debt-to-equity ratio of 0.50 in TTM, reflecting a balanced leverage position. Stockholders' equity is strong, contributing to an equity ratio of 47.03%, indicating a solid capital structure. Return on equity remains negative at -6.34% in TTM due to net losses, but the company maintains a healthy liquidity position with substantial cash and cash equivalents.

Cash Flow

Jamf Holding demonstrates a positive free cash flow growth rate of 77.19% in TTM, showcasing improving cash generation capabilities. The operating cash flow to net income ratio is positive at 1.05, indicating that operations are generating cash despite net losses. The free cash flow to net income ratio of 0.83 further emphasizes the company's ability to generate cash, providing a cushion for future investments and debt servicing.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	627.40M	560.57M	478.78M	366.39M	269.13M
Gross Profit	486.07M	434.51M	359.55M	276.03M	208.12M
EBITDA	-22.15M	-64.95M	-84.04M	-29.13M	23.17M
Net Income	-68.45M	-110.09M	-141.30M	-75.19M	-24.08M
Balance Sheet
Total Assets	1.58B	1.59B	1.53B	1.48B	1.07B
Cash, Cash Equivalents and Short-Term Investments	224.68M	243.58M	224.34M	177.15M	194.87M
Total Debt	369.51M	367.00M	364.50M	362.03M	0.00
Total Liabilities	864.25M	872.11M	828.20M	741.99M	263.27M
Stockholders Equity	715.98M	717.55M	701.34M	738.43M	811.01M
Cash Flow
Free Cash Flow	22.18M	33.03M	82.28M	55.41M	48.43M
Operating Cash Flow	31.19M	35.96M	90.00M	65.17M	52.80M
Investing Cash Flow	-11.80M	-22.48M	-34.78M	-387.42M	-6.88M
Financing Cash Flow	-41.60M	5.32M	261.00K	305.53M	115.96M

Jamf Holding Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 8.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JAMF, the sentiment is Negative. The current price of 8.12 is below the 20-day moving average (MA) of 8.86, below the 50-day MA of 9.93, and below the 200-day MA of 13.32, indicating a bearish trend. The MACD of -0.50 indicates Positive momentum. The RSI at 31.07 is Neutral, neither overbought nor oversold. The STOCH value of 23.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JAMF.

Jamf Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VTEX	67 Neutral	$1.16B	77.14	6.26%	―	7.71%	―
SPT	64 Neutral	$1.10B	―	-36.95%	―	17.79%	16.49%
FSLY	61 Neutral	$1.03B	―	-15.78%	―	6.26%	-9.54%
MLNK	60 Neutral	$1.25B	―	-6.49%	―	5.15%	28.27%
JAMF	59 Neutral	$1.07B	―	-6.48%	―	10.75%	56.37%
Sector *	51 Neutral	AU$1.60B	2.48	-31.50%	3.04%	16.21%	-7.40%
NXTT	44 Neutral	$1.04B	1.05	80.54%	―	-44.58%	1200.82%

Jamf Holding Corporate Events

Jamf Holding Announces Strategic Reinvestment Plan

On July 15, 2025, Jamf announced a strategic reinvestment plan aimed at reducing operating costs, improving margins, and supporting long-term growth. This plan involves realigning resources towards high-growth areas and enhancing AI capabilities, while also reducing its workforce by approximately 6.4%. The company estimates incurring charges of $11.0 to $12.5 million related to this plan, which will be mostly realized in the third quarter of 2025. Jamf expects its Q2 2025 financial results to surpass the high end of its guidance ranges, indicating strong performance amidst these strategic changes.

The most recent analyst rating on (JAMF) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Jamf Holding stock, see the JAMF Stock Forecast page.

Jamf Holding Announces Board Changes at Annual Meeting

On June 10, 2025, Jamf Holding Corp. held its Annual Meeting of Shareholders, where it was announced that Charles Guan and Virginia Gambale would no longer serve on the Board of Directors, reducing the board size from eleven to nine. Vina Leite was appointed to fill the vacancy on the Audit Committee. The meeting also included votes on three proposals, including the election of directors and the ratification of an independent accounting firm.

The most recent analyst rating on (JAMF) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Jamf Holding stock, see the JAMF Stock Forecast page.

Jamf Holding Secures $400M Loan for Acquisition

On May 21, 2025, Jamf Holding Corp. entered into an Incremental Facility Amendment No. 1 with JPMorgan Chase Bank and other lenders, which amends their existing Credit Agreement to include a new $400 million Incremental Term Loan Facility. This facility is intended to finance the acquisition of Identity Automation Systems, LLC, repurchase convertible senior notes, and support general corporate purposes. The loan is secured by a security interest in the Loan Parties’ assets and requires quarterly amortization payments starting December 31, 2025, with the full amount due by May 3, 2029.

The most recent analyst rating on (JAMF) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Jamf Holding stock, see the JAMF Stock Forecast page.

Jamf Holding Announces Director Departures

On April 25, 2025, Jamf Holding Corp. announced that board members Virginia Gambale and Charles Guan will not stand for re-election at the upcoming annual general meeting on June 10, 2025. Both directors will serve until the meeting, and their decisions are not due to any disagreements with the company.