Jamf Holding (JAMF) AI Stock Analysis

• Market Cap: $1.75B
• Dividend Yield: N/A
• Average Volume (3M): 1.31M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.12
• Revenue Growth: 12.28%
• EPS Growth: 42.19%
• Country: US
• Employees: 2,595
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.25
• Shares Outstanding: 134,076,220
• 10 Day Avg. Volume: 1,323,426
• 30 Day Avg. Volume: 1,309,625
• PEG Ratio: 0.66
• Price to Book (P/B): 2.51
• Price to Sales (P/S): 2.87
• P/FCF Ratio: 81.08
• Enterprise Value/Market Cap: 0.95
• Enterprise Value/Revenue: 2.41
• Enterprise Value/Gross Profit: 3.14
• Enterprise Value/Ebitda: 97.13
• 1Y Price Target: $12.52
• Price Target Upside: -3.91% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 9
• EPS Forecast (FY): 1.02
• Revenue Forecast (FY): $774.17M

• Rating: 62 Neutral
• Price Target: $14.00 ▲(7.44% Upside)

The score is driven primarily by solid underlying business fundamentals (high gross margin and strong free cash flow growth) despite continued losses. Technicals are modestly constructive but appear overextended, while valuation is pressured by negative earnings. Corporate events are a net positive due to the approved take-private deal, tempered by legal and leadership-change risks.

Positive Factors

Recurring SaaS revenue model

A subscription-based SaaS model creates predictable, recurring revenue and higher lifetime value through renewals and expansion. This underpins durable cash flow, supports scalable sales motions (direct and channel), and allows investment in product and retention strategies over multiple years.

High gross margins and strong free cash flow

Very high gross margins indicate strong product economics and pricing power in a cloud-delivered model, while substantial FCF growth provides internal funding for R&D, organic expansion and potential tuck-in M&A. Together these support sustainable investment despite GAAP losses.

Take-private by Francisco Partners

Transitioning to private ownership can allow management and the sponsor to pursue multi-year strategic initiatives, restructuring or product investment without quarterly public-market pressure. That flexibility can strengthen execution on long-term growth and margin improvement plans.

Negative Factors

Persistent GAAP losses and negative ROE

Ongoing net losses and negative return on equity signal that the company is not yet converting revenue into sustainable profitability or delivering shareholder returns. Unless margins and operating leverage improve, capital allocation and growth funding will remain constrained.

Merger-related litigation and execution risk

Active shareholder lawsuits and supplemental proxy disclosures raise the risk of delays, additional costs, or renegotiation of the transaction. Litigation can distract management, increase transaction expense, and prolong uncertainty, affecting execution of the sponsor's multi-year plan.

Concentration on Apple device ecosystem

A narrow focus on Apple device management concentrates addressable market exposure and ties product value to Apple’s enterprise adoption, APIs and platform strategy. This dependence limits diversification versus multi-OS competitors and raises platform-concentration risk over time.

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 generates revenue primarily through subscription-based licensing of its software products. The company offers several tiers of service, with pricing based on the number of devices managed and the specific features included in each tier. This recurring revenue model ensures a steady income stream as customers renew their subscriptions annually. Additionally, Jamf earns revenue from professional services, including implementation, training, and ongoing support. Significant partnerships with Apple and other technology vendors enhance its offerings and expand its market reach, contributing positively to its revenue growth.

Jamf Holding Financial Statement Overview

Summary

Jamf Holding is experiencing robust revenue growth and maintains strong gross margins, but faces challenges in achieving profitability. The balance sheet reflects a stable financial structure with moderate leverage. Cash flow performance is strong, with significant free cash flow growth, suggesting effective cash management despite net losses. Overall, the company is positioned well for growth but needs to address profitability issues.

Income Statement

Jamf Holding shows a consistent revenue growth trajectory, with a TTM revenue growth rate of 3.63%. The gross profit margin remains strong at approximately 79.64% for TTM, indicating efficient cost management. However, the company is facing profitability challenges, with a negative net profit margin of -7.36% and negative EBIT margin, reflecting ongoing operational losses.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.50, suggesting a balanced approach to leveraging. However, the return on equity is negative at -6.63% for TTM, indicating inefficiencies in generating returns on shareholder investments. The equity ratio stands at a healthy level, showing a solid asset base.

Cash Flow

Jamf Holding demonstrates strong cash flow management with a significant free cash flow growth rate of 71.02% in TTM. The operating cash flow to net income ratio is 0.15, indicating that cash flows are covering net losses. The free cash flow to net income ratio is high at 0.86, showing effective cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	690.59M	627.40M	560.57M	478.78M	366.39M	269.13M
Gross Profit	530.51M	486.07M	448.47M	359.55M	276.03M	208.12M
EBITDA	17.14M	-22.15M	-54.56M	-78.71M	-11.71M	15.21M
Net Income	-41.29M	-68.45M	-110.09M	-141.30M	-75.19M	-24.08M
Balance Sheet
Total Assets	2.14B	1.58B	1.59B	1.53B	1.48B	1.07B
Cash, Cash Equivalents and Short-Term Investments	547.19M	224.68M	247.21M	224.34M	177.15M	194.87M
Total Debt	769.25M	369.51M	389.08M	392.94M	387.37M	0.00
Total Liabilities	1.35B	864.25M	872.11M	828.20M	741.99M	263.27M
Stockholders Equity	786.72M	715.98M	717.55M	701.34M	738.43M	811.01M
Cash Flow
Free Cash Flow	108.00M	22.18M	33.03M	82.28M	55.41M	48.43M
Operating Cash Flow	114.91M	31.19M	35.96M	90.00M	65.17M	52.80M
Investing Cash Flow	-185.47M	-11.80M	-22.48M	-34.78M	-387.42M	-6.88M
Financing Cash Flow	396.71M	-41.60M	5.32M	261.00K	305.53M	115.96M

Jamf Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• 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 Positive. The current price of 13.03 is above the 20-day moving average (MA) of 13.01, above the 50-day MA of 12.96, and above the 200-day MA of 10.76, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 69.86 is Neutral, neither overbought nor oversold. The STOCH value of 66.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JAMF.

Jamf Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VTEX	66 Neutral	$639.67M	90.66	6.53%	―	3.62%	-20.45%
FSLY	63 Neutral	$1.38B	-9.52	-14.59%	―	9.45%	11.76%
JAMF	62 Neutral	$1.75B	-41.27	-5.48%	―	12.28%	42.19%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SPT	61 Neutral	$603.94M	-12.53	-26.69%	―	13.09%	32.34%
NXTT	44 Neutral	$28.70M	0.01	93.25%	―	259.01%	-61.05%

Jamf Holding Corporate Events

Jamf Holding Announces Upcoming Departure of Chief Sales Officer

On January 8, 2026, Jamf Holding Corp. announced that Chief Sales Officer Elizabeth Benz and the company had mutually agreed that she would depart her role, with her exit effective January 31, 2026. The leadership change in Jamf’s sales organization may signal a forthcoming shift in its go-to-market strategy and sales execution, with potential implications for how the company pursues growth and manages key customer relationships.

The most recent analyst rating on (JAMF) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Jamf Holding stock, see the JAMF Stock Forecast page.

Jamf Shareholders Approve Acquisition by Francisco Partners Affiliates

At a special meeting of stockholders held on January 8, 2026, Jamf Holding Corp. shareholders approved the company’s pending acquisition by affiliates of Francisco Partners Management L.P., adopting the Agreement and Plan of Merger under which Jawbreaker Merger Sub, Inc. will merge with and into Jamf, leaving Jamf as the surviving corporation and a wholly owned subsidiary of Jawbreaker Parent, Inc. The vote reflected strong shareholder participation, with approximately 86% of outstanding shares represented, and overwhelming support for the merger and related executive compensation arrangements, signaling broad investor backing for the company’s transition to private ownership and the strategic direction implied by the Francisco Partners transaction.

The most recent analyst rating on (JAMF) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on Jamf Holding stock, see the JAMF Stock Forecast page.

Jamf Faces Shareholder Lawsuits Over Francisco Partners Merger

On October 28, 2025, Jamf Holding Corp. agreed to be acquired by an affiliate of private equity firm Francisco Partners via a merger that would take Jamf private as a wholly owned subsidiary, and the company has scheduled a special shareholder meeting for January 8, 2026 to vote on the transaction, supported by detailed long-term growth and profitability forecasts. Following the December 10, 2025 filing of its definitive proxy statement with the SEC, Jamf was hit by three shareholder lawsuits and additional demand letters alleging that the proxy is misleading and omits material information about the merger process and financial projections, prompting the company—while denying any wrongdoing or the need for further disclosure—to voluntarily supplement its proxy with additional details on bidder outreach, standstill provisions, its legal adviser’s relationships with interested parties, and key assumptions underlying management’s growth forecasts in order to reduce the risk of delay or added costs to completing the deal.

The most recent analyst rating on (JAMF) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Jamf Holding stock, see the JAMF Stock Forecast page.

Jamf Holding to be Acquired by Francisco Partners

On October 29, 2025, Jamf announced a definitive agreement to be acquired by Francisco Partners for $2.2 billion, with stockholders receiving $13.05 per share in cash. This acquisition, approved by Jamf’s Board of Directors, aims to support Jamf’s growth and leadership in the Apple management space, with the transaction expected to close in the first quarter of 2026. The acquisition will transition Jamf to a private company, enhancing its financial flexibility and strategic alignment to accelerate growth and innovation.

The most recent analyst rating on (JAMF) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Jamf Holding stock, see the JAMF Stock Forecast page.