Jamf Holding (JAMF) AI Stock Analysis

• Market Cap: $1.41B
• Dividend Yield: N/A
• Average Volume (3M): 2.19M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.24
• 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: 1,910,210
• 30 Day Avg. Volume: 2,187,647
• 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: 1.11
• Enterprise Value/Revenue: 2.35
• Enterprise Value/Gross Profit: 2.95
• Enterprise Value/Ebitda: 23.73K
• 1Y Price Target: $14.20
• Price Target Upside: 33.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 11

• Rating: 67 Neutral
• Price Target: $11.50 ▲(8.08% Upside)

Jamf Holding's overall stock score is driven by strong earnings call performance and positive technical indicators. However, financial performance challenges, particularly in profitability, and valuation concerns due to a negative P/E ratio, weigh down the score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion and stability.

Strategic Investments

Investing in AI and enterprise sales positions Jamf to capitalize on emerging tech trends and expand its market presence, enhancing competitive advantage.

Cash Flow Improvement

Improved cash flow enhances financial flexibility, allowing for strategic investments and debt management, supporting long-term growth.

Negative Factors

Profitability Challenges

Struggles with profitability suggest inefficiencies that could hinder reinvestment and growth, impacting long-term financial health.

SMB Segment Challenges

Ongoing challenges in the SMB segment may limit growth potential and require additional resources, affecting overall business performance.

Return on Equity

Low return on equity suggests that the company is not effectively utilizing shareholder investments, which could deter future investment.

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 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: Positive
• Last Price: 10.64
• 50DMA: Positive
• 100DMA: Positive
• 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 Positive. The current price of 10.64 is below the 20-day moving average (MA) of 10.72, above the 50-day MA of 9.30, and below the 200-day MA of 11.48, indicating a neutral trend. The MACD of 0.36 indicates Positive momentum. The RSI at 56.02 is Neutral, neither overbought nor oversold. The STOCH value of 21.69 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	70 Neutral	$802.46M	81.66	5.33%	―	4.51%	208.14%
JAMF	67 Neutral	$1.41B	―	-6.68%	―	11.36%	46.67%
MLNK	63 Neutral	$1.47B	―	-5.41%	―	5.96%	50.29%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
FSLY	61 Neutral	$1.30B	―	-15.34%	―	7.43%	16.14%
SPT	61 Neutral	$735.10M	―	-32.50%	―	14.79%	27.52%
NXTT	44 Neutral	$77.32M	0.04	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.