Jamf (JAMF) to Release Earnings on Wednesday

Jamf (NASDAQ:JAMF) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Jamf to post earnings of $0.10 per share for the quarter. Jamf has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Jamf (NASDAQ:JAMF) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.05. Jamf had a negative net margin of 19.64% and a negative return on equity of 6.12%. The firm had revenue of $150.65 million during the quarter, compared to analyst estimates of $148.34 million. On average, analysts expect Jamf to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Jamf Price Performance

NASDAQ JAMF opened at $20.22 on Monday. The company has a 50-day moving average price of $18.38 and a 200-day moving average price of $18.08. The firm has a market capitalization of $2.59 billion, a P/E ratio of -22.72 and a beta of 0.47. Jamf has a 52 week low of $14.83 and a 52 week high of $22.89. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.51.

Wall Street Analyst Weigh In

JAMF has been the subject of several analyst reports. Barclays increased their target price on shares of Jamf from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, March 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $21.00 target price on shares of Jamf in a report on Thursday, March 14th. Mizuho reduced their target price on shares of Jamf from $22.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, February 28th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $25.00 target price on shares of Jamf in a report on Thursday, March 14th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Jamf presently has an average rating of “Moderate Buy” and a consensus target price of $23.67.

Insider Buying and Selling at Jamf

In other Jamf news, insider Jeff Lendino sold 3,936 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $17.90, for a total transaction of $70,454.40. Following the completion of the sale, the insider now directly owns 254,926 shares of the company’s stock, valued at approximately $4,563,175.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Beth Tschida sold 7,526 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $18.27, for a total transaction of $137,500.02. Following the completion of the transaction, the insider now directly owns 340,422 shares in the company, valued at approximately $6,219,509.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeff Lendino sold 3,936 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $17.90, for a total value of $70,454.40. Following the transaction, the insider now owns 254,926 shares of the company’s stock, valued at $4,563,175.40. The disclosure for this sale can be found here. Insiders sold a total of 185,684 shares of company stock valued at $3,316,889 in the last three months. 2.30% of the stock is currently owned by corporate insiders.

Jamf Company Profile

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.