JAMF Stock Summary and Trading Ideas (Jamf Holding Corp. | NASDAQ:JAMF)

Jamf Holding Corp is the standard in Apple Enterprise Management, and its cloud software platform is the vertically focused Apple infrastructure and security platform. The company helps organizations, including businesses, hospitals, schools, and government agencies, connect, manage, and protect Apple products, apps, and corporate resources in the cloud without ever having to touch the devices. It sells its Software-as-a-Service, or SaaS, solutions via a subscription model, through a direct sales force, online, and indirectly via its channel partners, including Apple. The company operates in The Americas; Europe, the Middle East, India, and Africa; and Asia Pacific.

Jamf Holding Corp. trades on the NASDAQ stock market under the symbol JAMF.

As of April 19, 2024, JAMF stock price climbed to $18.60 with 548,189 million shares trading.

JAMF has a beta of 1.51, meaning it tends to be more sensitive to market movements. JAMF has a correlation of 0.22 to the broad based SPY ETF.

JAMF has a market cap of $2.23 billion. This is considered a Mid Cap stock.

Last quarter Jamf Holding Corp. reported $151 million in Revenue and $.13 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.01.

In the last 3 years, JAMF stock traded as high as $49.27 and as low as $14.83.

The top ETF exchange traded funds that JAMF belongs to (by Net Assets): VTI, VB, IWM, VGT, VBK.

JAMF has underperformed the market in the last year with a return of -6.4%, while the SPY ETF gained +21.2%. In the last 3 month period, JAMF fell short of the market, returning -0.7%, while SPY returned +4.3%. However, in the most recent 2 weeks JAMF has outperformed the stock market by returning +4.8%, while SPY returned -3.5%.

JAMF support price is $18.15 and resistance is $18.87 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that JAMF stock will trade within this expected range on the day.