Core Viewpoint - Jamf Holding Corp. is under investigation for potential breaches of fiduciary duties by its board of directors in relation to a proposed take-private sale at $13.05 per share, which may be considered an unfairly low price for shareholders [1][3]. Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on whether Jamf's board and Vista Equity Partners have acted in the best interests of shareholders regarding the acquisition by Francisco Partners Management, L.P. [5][3]. - Jamf's board did not form an independent special committee to assess the acquisition, raising concerns about conflicts of interest, particularly since Vista owns 34.4% of Jamf's stock and has the right to appoint four board members [4][3]. Group 2: Shareholder Implications - Current shareholders of Jamf are encouraged to seek additional information and may have legal options available to them regarding the proposed transaction [2][6]. - The acquisition is contingent upon a stockholder vote, but Vista's participation in that vote has not been excluded, which could further complicate the situation for shareholders [4][3].

Core Viewpoint - Jamf Holding Corp. is under investigation for potential breaches of fiduciary duties by its board of directors in relation to a proposed take-private sale at a price of $13.05 per share, which may be considered unfairly low for shareholders [1][3]. Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on whether Jamf's board and Vista Equity Partners have acted in the best interests of shareholders regarding the acquisition by Francisco Partners Management, L.P. [5][3]. - Jamf's board did not form an independent special committee to assess the transaction, raising concerns about conflicts of interest, particularly since Vista owns 34.4% of Jamf's stock and has the right to appoint four out of nine board members [4][3]. Group 2: Shareholder Implications - Current shareholders of Jamf are encouraged to seek additional information and may have legal options available to them, as the firm operates on a contingency fee basis, meaning no upfront costs for shareholders [6][2]. - The acquisition deal is contingent upon a shareholder vote, but Vista has not been excluded from participating in that vote, which could further complicate the situation for minority shareholders [4][3].

Core Viewpoint - Jamf Holding Corp. is under investigation by Bleichmar Fonti & Auld LLP for potential breaches of fiduciary duties by its board of directors in relation to a proposed take-private sale at $13.05 per share, which may be considered an unfairly low price for shareholders [2][4][6]. Group 1: Investigation Details - The investigation focuses on whether the Jamf board and Vista Equity Partners have acted in the best interests of shareholders regarding the acquisition by Francisco Partners Management, L.P. [4][6]. - Jamf's board did not form an independent special committee to assess the transaction, raising concerns about conflicts of interest, especially since Vista owns 34.4% of Jamf's stock and has the right to appoint four out of nine board members [5][6]. Group 2: Shareholder Implications - Current shareholders of Jamf are encouraged to seek additional information and may have legal options available to them regarding the proposed transaction [3][7]. - The law firm BFA operates on a contingency fee basis, meaning shareholders will not incur costs unless the firm secures a favorable outcome [7].

Core Insights - Jamf Holding (JAMF) reported a revenue of $183.49 million for the quarter ended September 2025, reflecting a year-over-year increase of 15.2% [1] - The earnings per share (EPS) for the quarter was $0.25, up from $0.16 in the same quarter last year, indicating a positive growth trend [1] - The reported revenue exceeded the Zacks Consensus Estimate of $177.23 million by 3.54%, and the EPS also surpassed the consensus estimate of $0.22 by 13.64% [1] Financial Performance Metrics - Annual Recurring Revenue (ARR) reached $728.6 million, surpassing the three-analyst average estimate of $718.34 million [4] - Non-subscription revenue from professional services was reported at $3.88 million, exceeding the average estimate of $2.58 million, marking a year-over-year increase of 21.7% [4] - Subscription revenue totaled $179.61 million, compared to the estimated $174.74 million, representing a 15.1% increase year-over-year [4] - On-premise subscription revenue was reported at $10.53 million, significantly higher than the average estimate of $5.82 million, reflecting a remarkable year-over-year growth of 129.6% [4] - SaaS subscription and support and maintenance revenue was $169.08 million, slightly below the estimated $169.57 million, but still showing an 11.6% increase compared to the previous year [4] Stock Performance - Over the past month, shares of Jamf Holding have returned +26.8%, significantly outperforming the Zacks S&P 500 composite, which saw a change of +0.3% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Financial Performance - Annual Recurring Revenue (ARR) increased by 16% year-over-year, reaching $728.6 million as of September 30, 2025, compared to $629.9 million in 2024[129] - Subscription revenue for Q3 2025 reached $179.61 million, a 15.1% increase from $156.07 million in Q3 2024[151] - Total revenue for the nine months ended September 30, 2025, was $527.62 million, up 13.6% from $464.43 million in the same period of 2024[151] - For the three months ended September 30, 2025, total revenue increased by $24.2 million, or 15%, to $183.5 million compared to $159.3 million in 2024[155] - The company reported a total cost of revenue of $43.98 million for Q3 2025, up from $36.03 million in Q3 2024, driven by increased subscription and service costs[151] - Gross profit for Q3 2025 was $139.52 million, compared to $123.26 million in Q3 2024, reflecting a gross margin improvement[151] - The non-GAAP gross profit for the nine months ended September 30, 2025, was $426,887,000, up from $378,455,000 in 2024, reflecting a growth of 12.8%[184] - The company reported a non-GAAP gross profit margin of 81% for the nine months ended September 30, 2025, consistent with the previous year[184] Expenses and Losses - Operating expenses for Q3 2025 totaled $142.93 million, slightly higher than $139.12 million in Q3 2024, indicating a focus on maintaining operational efficiency[151] - The net loss for Q3 2025 was $4.51 million, an improvement from a net loss of $12.24 million in Q3 2024[151] - Research and development expenses increased to $38.62 million in Q3 2025, up from $35.98 million in Q3 2024, highlighting continued investment in innovation[151] - Sales and marketing expenses were $60.93 million in Q3 2025, compared to $60.06 million in Q3 2024, reflecting ongoing efforts to expand market presence[151] - The company incurred an impairment loss on a strategic investment for the nine months ended September 30, 2025, contributing to the other expense, net of $(850,000)[174] - The company recorded a net loss of $4,513,000 for the three months ended September 30, 2025, compared to a net loss of $12,241,000 in the same period of 2024, indicating an improvement of 63.1%[191] Strategic Initiatives - The company completed the acquisition of Identity Automation on April 1, 2025, enhancing its identity and access management capabilities[110] - The acquisition of Identity Automation is expected to facilitate secure device and application access, particularly in education and healthcare sectors[119] - The company aims to expand its customer base through targeted investments in direct sales and marketing efforts[117] - Continued investment in research and development is planned to enhance product offerings and maintain competitive advantage[120] - The company’s growth strategy includes international expansion and developing partnerships with key technology providers[122] Cash Flow and Financial Position - As of September 30, 2025, the company had cash and cash equivalents totaling $547.2 million, along with an available balance of $173.8 million from the 2024 Revolving Credit Facility[196] - Net cash provided by operating activities for the nine months ended September 30, 2025, was $107.4 million, an increase of $85.9 million compared to the same period in 2024[205] - Net cash used in investing activities was $183.1 million for the nine months ended September 30, 2025, primarily due to the acquisition of Identity Automation[206] - Net cash provided by financing activities was $395.3 million for the nine months ended September 30, 2025, compared to a net cash used of $40.9 million in the same period of 2024[207] - The company expects its cash and cash equivalents, along with cash from software sales, to meet working capital and capital expenditure needs for at least the next 12 months[200] Merger and Acquisition - The company expects to close a pending take-private merger with Francisco Partners in the first quarter of 2026, with shares converting to cash at $13.05 each[113] - The Company entered into a Merger Agreement on October 28, 2025, which will result in its common stock being delisted from NASDAQ and ceasing to be a reporting company[223] - The Merger is subject to customary closing conditions and regulatory approvals, including the affirmative vote of a majority of the outstanding shares[223] - The Company may incur a termination fee of $68.1 million if the Merger Agreement is terminated under certain circumstances, which could adversely affect its financial condition[226] - The Company is restricted from pursuing alternative business combinations under the Merger Agreement, which may limit potential acquisition offers[227] - The Merger's pending status may disrupt ongoing operations and adversely affect relationships with vendors, customers, and employees[224] Management and Workforce - The strategic reinvestment plan announced in July 2025 impacted approximately 6.4% of full-time employees, aimed at reducing operating costs and improving margins[234] - The Company has experienced changes in its senior management team, including the hiring of a new CEO, CFO, and Chief Sales Officer in the last two years[232] - Competition for qualified personnel remains intense, particularly for experienced engineers, which may impact the Company's ability to attract and retain talent[233] Legal and Regulatory - The Company is subject to legal proceedings and claims, but does not believe these will have a material adverse effect on its business[221] - The completion of the Merger may not occur on the expected timeline, which could negatively impact the market price of the Company's shares[225]

Merger Agreement - Jamf Holding Corp. entered into a Merger Agreement with Jawbreaker Parent, Inc., with the Company becoming a wholly owned subsidiary of Parent[5]. - The Company is subject to risks and uncertainties related to the Merger, including the need for shareholder approval and potential regulatory hurdles[9]. - The Company cautions that forward-looking statements regarding the Merger are inherently uncertain and may not materialize as expected[10]. - A shareholder meeting will be announced to seek approval for the Merger, with relevant materials to be filed with the SEC[11]. - The Company emphasizes the importance of reading the proxy statements related to the Merger for critical information[12]. - Participants in the solicitation of proxies include the Company's directors and executive officers, with relevant information available in prior SEC filings[15]. - The Merger may disrupt the Company's current plans and operations, impacting its ability to pursue business opportunities[9]. Financial Results Announcement - The Company announced the cancellation of its previously scheduled conference call to discuss Q3 2025 financial results, which will now be released via press release on November 10, 2025[6]. - Enhanced guidance for the quarter ended September 30, 2025, was provided in a joint press release with Parent[6]. Forward-Looking Statements - The Company does not undertake any obligation to update forward-looking statements after the date they are made[10].

Core Viewpoint - Jamf Holding Corp. is under investigation for potential breaches of fiduciary duties by its board of directors in relation to a proposed take-private transaction that would buy out shareholders at $13.05 per share, which may be considered an unfairly low price [2][4][6]. Group 1: Investigation Details - The investigation is led by Bleichmar Fonti & Auld LLP, focusing on whether Jamf's board and Vista Equity Partners have acted in the best interests of shareholders during the acquisition process [2][6]. - Jamf's board did not form an independent special committee to assess the acquisition deal, raising concerns about conflicts of interest, particularly given Vista's significant influence over the board [4][5]. Group 2: Ownership and Influence - Vista Equity Partners owns 34.4% of Jamf's outstanding stock and has the right to appoint four out of nine board members, which may create a conflict of interest in the proposed transaction [5]. - The acquisition deal is contingent upon a shareholder vote, but Vista has not been excluded from participating in that vote, further complicating the situation [5].

Core Insights - Jamf Holding Corp. specializes in Apple-focused device management solutions, helping organizations manage and secure Apple devices like iPhones, iPads, and Macs [1] - The company is set to release its quarterly earnings on November 10, 2025, with an estimated EPS of $0.23 and projected revenue of approximately $177.2 million [2][6] Financial Performance - The expected revenue of $177.2 million represents an 11.3% year-over-year growth, indicating strong demand for Jamf's services [3][6] - The stability in EPS estimates over the past month suggests analysts have confidence in their projections, which can influence investor sentiment and stock price movements [3] Valuation Metrics - Jamf's price-to-sales (P/S) ratio is 2.57, indicating that investors are willing to pay $2.57 for every dollar of sales [4][6] - The enterprise value to sales (EV/Sales) ratio is 2.42, reflecting the company's valuation in relation to its sales [4] Financial Health - The debt-to-equity ratio of 0.50 indicates a moderate level of debt compared to equity, showcasing balanced financial health [5][6] - A current ratio of 1.45 suggests that the company has a reasonable level of liquidity to cover its short-term liabilities [5]

Core Insights - Jamf is set to report earnings, having previously exceeded revenue expectations by 4.7% with revenues of $176.5 million, reflecting a year-on-year growth of 15.3% [1] - Analysts project Jamf's revenue to grow by 11.4% year-on-year to $177.4 million, with adjusted earnings expected at $0.23 per share [2] - Jamf has consistently beaten Wall Street's revenue estimates over the past two years, averaging a 1.6% beat [3] Revenue Performance - Last quarter, Jamf reported revenues of $176.5 million, surpassing analysts' expectations and showing a 15.3% increase year-on-year [1] - For the upcoming quarter, analysts expect a revenue of $177.4 million, which aligns with the previous year's growth rate of 11.7% [2] Market Context - In the automation software segment, peers like Pegasystems and Microsoft reported strong year-on-year revenue growth of 17.3% and 18.4%, respectively, indicating a positive market trend [4] - Jamf's stock has increased by 26.8% over the past month, with an average analyst price target of $12.76 compared to the current share price of $12.87 [5]

Core Viewpoint - Bleichmar Fonti & Auld LLP is investigating Jamf Holding Corp.'s board of directors for potential breaches of fiduciary duties related to a proposed take-private sale at $13.05 per share, which may be considered unfair to shareholders [2][4]. Group 1: Investigation Details - The investigation was prompted by Jamf's announcement on October 29, 2025, regarding its agreement to be acquired by Francisco Partners Management, L.P. for $13.05 per share, which may be viewed as an unfairly low offer [4]. - Vista Equity Partners owns 34.4% of Jamf's outstanding stock and has the right to appoint four out of nine board members, raising concerns about conflicts of interest in the transaction [5]. - The Jamf board did not form an independent special committee to assess the acquisition, and Vista has not been excluded from the stockholder vote on the deal [5][6]. Group 2: Legal Options for Shareholders - Current shareholders of Jamf are encouraged to seek additional information and may have legal options available to them regarding the proposed transaction [3][7]. - Bleichmar Fonti & Auld LLP operates on a contingency fee basis, meaning shareholders will not incur costs for court expenses or litigation [7].