Should You Go For This US Small Cap Stock-JAMF

Acrobull Canada Advisory Inc.

November 15

2024

Name	Ticker	Sector/Industry	Market Cap	Risk Factor
Jamf Holding Corp.	JAMF-NASDAQ	Technology	$1.966 Billion	Medium

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.

Recent Highlights

Recent Highlights- Ended the third quarter serving more than 76,000 customers with 33.9 million total devices on our platform.1

Achieved another milestone with our security solutions, achieving over $150 million in ARR. Security ARR was $151.5 million as of September 30, 2024, representing 26% year-over-year growth and 24% of Jamf’s total ARR.

Third Quarter 2024 Financial Highlights

Revenue: Total revenue of $159.3 million, an increase of 12% year-over-year.

ARR: ARR of $635.0 million as of September 30, 2024, an increase of 12% year-over-year.

Gross Profit: GAAP gross profit of $123.3 million, or 77% of total revenue, compared to $110.4 million in the third quarter of 2023. Non-GAAP gross profit of $129.9 million, or 82% of total revenue, compared to $117.0 million in the third quarter of 2023.

Operating Loss/Income: GAAP operating loss of $15.9 million, or (10)% of total revenue, compared to $31.9 million in the third quarter of 2023. Non-GAAP operating income of $27.7 million, or 17% of total revenue, compared to $12.4 million in the third quarter of 2023.

Cash Flow: Cash flow provided by operations of $37.4 million for the TTM ended September 30, 2024, or 6% of TTM total revenue, compared to $47.2 million for the TTM ended September 30, 2023.

Stock Observation- The company stock earnings have been average, however the sector is expected to perform really well as compared to others hence the sector performance is expected. The RSI level for the stock is at 34 which shows oversold conditions. However right entry price is needed to buy the stock.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull Canada Advisory Inc. maintains Customer Choose Watch for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrovest only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrovest would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull Canada Advisory Inc. is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull Canada Advisory Inc. does not guarantee returns.

Acrobull Recommendation Based on Evaluation

Current Market Price	$15.31 USD
Acrobull Recommendation	Watch, Buy at $14.80 USD
Target Price	$17.22 USD
RSI Level	14 Day RSI 34
Total Shares Outstanding	128.44 Million
Shares held by Insiders Risk Factor Stop Loss	0.57% Medium 5%