Jamf Holding (JAMF) AI Stock Analysis

• Market Cap: $1.24B
• Dividend Yield: N/A
• Average Volume (3M): 1.51M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.16
• Revenue Growth: 11.36%
• EPS Growth: 46.67%
• Country: US
• Employees: 2,595
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 0.18
• Shares Outstanding: 132,836,700
• 10 Day Avg. Volume: 1,428,718
• 30 Day Avg. Volume: 1,512,683
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.27
• Enterprise Value/Revenue: 2.35
• Enterprise Value/Gross Profit: 2.95
• Enterprise Value/Ebitda: 23.73K
• 1Y Price Target: $14.20
• Price Target Upside: 56.39% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11

• Rating: 68 Neutral
• Price Target: $10.00 ▲(10.13% Upside)

Jamf Holding's strong earnings call performance and technical indicators are offset by valuation concerns and profitability challenges. The company's strategic investments and revenue growth are promising, but investors should be cautious of the current valuation and operational hurdles.

Positive Factors

Financial Performance

Jamf reported solid second-quarter results that outperformed consensus estimates on most key metrics.

Operational Efficiency

Key operational changes include a new partner portal, focus on the enterprise market for in-person sales, and increased use of AI in product development and customer facing solutions.

Revenue Growth

Revenue growth of 15% beat consensus estimates for 10% growth, and there was solid progress with security offerings.

Negative Factors

Domestic Education Market

Domestic education trends were a bit more muted due to budget challenges.

Resource Allocation

Jamf is implementing a strategic reinvestment plan, which includes reducing headcount by approximately 6.4%.

Jamf Holding Business Overview & Revenue Model

Company Description

Jamf Holding Corp. is a technology company primarily focused on providing comprehensive management solutions for Apple devices. Operating within the software and IT services sector, Jamf specializes in offering a range of products that facilitate the deployment, management, and security of Apple products such as Macs, iPads, iPhones, and Apple TVs in enterprises and educational institutions. The company's core offerings include Jamf Pro, Jamf Now, and Jamf School, which are designed to help IT administrators manage Apple devices efficiently and effectively.

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 shows strong revenue growth and improving cash flow generation, supported by a stable balance sheet. However, persistent net losses and negative profit margins remain key challenges.

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	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	666.38M	627.40M	560.57M	478.78M	366.39M	269.13M
Gross Profit	530.69M	486.07M	399.18M	359.55M	276.03M	208.12M
EBITDA	66.00K	-22.15M	-64.95M	-78.71M	-11.71M	23.17M
Net Income	-49.02M	-68.45M	-110.09M	-141.30M	-75.19M	-24.08M
Balance Sheet
Total Assets	2.09B	1.58B	1.59B	1.53B	1.48B	1.07B
Cash, Cash Equivalents and Short-Term Investments	481.54M	224.68M	243.58M	224.34M	177.15M	194.87M
Total Debt	385.78M	390.60M	389.08M	392.94M	387.37M	0.00
Total Liabilities	1.31B	864.25M	872.11M	828.20M	741.99M	263.27M
Stockholders Equity	775.16M	715.98M	717.55M	701.34M	738.43M	811.01M
Cash Flow
Free Cash Flow	64.43M	22.18M	33.03M	82.28M	55.41M	48.43M
Operating Cash Flow	74.57M	31.19M	35.96M	90.00M	65.17M	52.80M
Investing Cash Flow	-188.71M	-11.80M	-22.48M	-34.78M	-387.42M	-6.88M
Financing Cash Flow	391.91M	-41.60M	5.32M	261.00K	305.53M	115.96M

Jamf Holding Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.08
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JAMF, the sentiment is Neutral. The current price of 9.08 is above the 20-day moving average (MA) of 8.40, above the 50-day MA of 8.49, and below the 200-day MA of 12.00, indicating a neutral trend. The MACD of 0.22 indicates Negative momentum. The RSI at 59.43 is Neutral, neither overbought nor oversold. The STOCH value of 88.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JAMF.

Jamf Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JAMF	68 Neutral	$1.24B	―	-6.68%	―	11.36%	46.67%
VTEX	63 Neutral	$742.41M	75.55	5.33%	―	4.51%	8241.83%
MLNK	63 Neutral	$1.47B	―	-5.41%	―	5.96%	50.29%
SPT	62 Neutral	$929.32M	―	-32.50%	―	14.79%	27.52%
Sector *	61 Neutral	$35.45B	8.20	-10.61%	1.91%	8.56%	-9.51%
FSLY	58 Neutral	$1.12B	―	-15.34%	―	7.43%	16.14%
NXTT	44 Neutral	$201.35M	0.07	104.83%	―	-31.64%	-55.76%

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.

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.