Jamf (JAMF) to Release Earnings on Wednesday

Jamf (NASDAQ:JAMF) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to announce 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 that wish to listen to the company’s earnings conference call can do so using this link.

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

Jamf Trading Up 1.6 %

NASDAQ JAMF opened at $20.22 on Monday. The company has a fifty day moving average of $18.38 and a 200 day moving average of $18.08. The company has a market capitalization of $2.59 billion, a PE ratio of -22.72 and a beta of 0.47. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.95 and a quick ratio of 0.95. Jamf has a 1 year low of $14.83 and a 1 year high of $22.89.

Analysts Set New Price Targets

A number of brokerages have recently commented on JAMF. Royal Bank of Canada restated an “outperform” rating and issued a $21.00 target price on shares of Jamf in a research note on Thursday, March 14th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of Jamf in a research report on Thursday, March 14th. Mizuho cut 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, Barclays increased their price target 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. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $23.67.

Insider Activity

In other Jamf news, Director Dean Hager sold 73,730 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $17.76, for a total transaction of $1,309,444.80. Following the completion of the transaction, the director now directly owns 385,665 shares in the company, valued at $6,849,410.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Jamf news, Director Dean Hager sold 73,730 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $17.76, for a total transaction of $1,309,444.80. Following the completion of the sale, the director now directly owns 385,665 shares in the company, valued at approximately $6,849,410.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. 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. Insiders have sold 185,684 shares of company stock worth $3,316,889 in the last quarter. Corporate insiders own 2.30% of the company’s stock.

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.