Should You Punt On This Small Cap Stock-JAMF

Acrobull UK Advisory Services Ltd.

January 02			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
JAMF Holdings Inc	JAMF-NASDAQ	Technology		$1.805 Billion	Medium

Jamf Holding Corp. is a software company best known for developing Jamf Pro (formerly The Casper Suite), a mobile device management system.

Recent Highlights

Sales- The company has reported its financial results in recent weeks and reported growing sales which is a reflection of the company’s long term growth prospects.

We expect the company stock to overcome challenges and report better financial results in the next quarter.

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. Unlevered free cash flow of $81.3 million for the TTM ended September 30, 2024, or 13% of TTM total revenue, compared to $60.6 million for the TTM ended September 30, 2023.

Stock Observation- The company has reported very good financial results in the last quarter and is poised to report better financial results in the next quarter. Given the strong momentum towards the company stock, it will be likely that the company will continue to deliver the highest performance.

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 UK maintains Buy Rating for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK 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 UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$14.05 USD
Acrobull Recommendation	Buy
Target Price	Target $15.90 USD
RSI Level	14 Day RSI 31
Total Shares Outstanding	124.88 Million
Shares held by Insiders Risk Factor Stop Loss	0.90% Medium 5%