Jamf (NASDAQ:JAMF) Posts Earnings Results, Beats Expectations By $0.04 EPS

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

Jamf Stock Up 1.2 %

NASDAQ JAMF traded up $0.24 on Thursday, hitting $19.95. 738,399 shares of the company were exchanged, compared to its average volume of 421,849. Jamf has a 12 month low of $14.83 and a 12 month high of $22.89. 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 company has a market cap of $2.56 billion, a PE ratio of -22.15 and a beta of 0.47. The stock has a fifty day moving average of $18.45 and a 200-day moving average of $18.17.

Analyst Ratings Changes

A number of brokerages have recently commented on JAMF. Mizuho lifted their price target on shares of Jamf from $21.00 to $22.00 and gave the stock a "buy" rating in a report on Thursday. Canaccord Genuity Group increased their price target on Jamf from $22.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday. Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 price objective on shares of Jamf in a research note on Thursday. Royal Bank of Canada increased their target price on shares of Jamf from $21.00 to $23.00 and gave the company an "outperform" rating in a research report on Thursday. Finally, Barclays increased their price objective on shares of Jamf from $18.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Thursday, March 14th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.14.

Insider Activity

In other news, CEO John Strosahl sold 33,961 shares of the business's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $17.89, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Jamf news, insider Linh Lam sold 2,200 shares of Jamf stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $20.03, for a total transaction of $44,066.00. Following the completion of the transaction, the insider now owns 200,585 shares in the company, valued at approximately $4,017,717.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John Strosahl sold 33,961 shares of the firm's stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,101,639 shares in the company, valued at approximately $19,708,321.71. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 239,323 shares of company stock worth $4,393,336. Company insiders own 2.30% of the company's stock.

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.