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Why Is Jamf (JAMF) Stock Soaring Today

JAMF Cover Image

What Happened?

Shares of apple device management company Jamf (NASDAQ: JAMF) jumped 7.1% in the afternoon session after an analyst reiterated a positive rating on the stock amid reports the company is exploring a sale. 

JMP Securities maintained its Market Outperform rating on Jamf with an $18 price target, citing the company's leading position in Apple device management. The firm also noted that majority owner Vista Equity Partners, with a 34% stake, "may be motivated to navigate this asset to a near-term, value-maximizing outcome." This commentary follows a recent report that Jamf has hired advisors to explore strategic options, including a potential sale, after receiving takeover interest. 

Adding to the positive sentiment, Jamf also announced a new strategic partnership with Moveworks, an AI assistant company, to improve the IT support experience for employees in Apple-focused organizations.

Is now the time to buy Jamf? Access our full analysis report here, it’s free.

What Is The Market Telling Us

Jamf’s shares are somewhat volatile and have had 14 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.

The previous big move we wrote about was 8 days ago when the stock gained 3.8% on the news that it continued to rally as the company posted strong second-quarter financial results. The software provider, which helps organizations manage and secure Apple devices, reported revenues of $176.5 million, marking a 15.3% increase from the previous year and surpassing analyst expectations by 4.7%. The positive quarter was further supported by solid beats on both annual recurring revenue and billings estimates.

Jamf is down 18.3% since the beginning of the year, and at $11.51 per share, it is trading 38.5% below its 52-week high of $18.70 from September 2024. Investors who bought $1,000 worth of Jamf’s shares 5 years ago would now be looking at an investment worth $356.19.

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