JAMF - After Surging Over 100% Is New IPO Jamf Stock a Buy Right Now?
The coronavirus continues to spread across the world, businesses are grappling with remote work, and social distancing looks like it could be the new normal until a vaccine is available. Meanwhile, the digital world is doing just fine, and technology trends that were expected to play out over a few years have been condensed into a matter of months. Amidst this backdrop, IPOs have been hitting the market at a torrid pace.
Enter Jamf Holdings (NASDAQ: JAMF), the leader in Apple (NASDAQ: AAPL) device enterprise management. After pricing at $26 a share, the company made its publicly traded debut at more than double that amount (although share price has moderated and is currently at "only" $39). Management of Apple-based business software is in high demand right now as organizations make their digital transformations, and Jamf is growing fast -- although the expectation its growth will continue is now well priced in.
As of this writing, Apple is the most valuable publicly traded company in the world with a market cap of $1.68 trillion. But Apple is primarily a hardware company. Though it has a fast-growing services segment, businesses looking to manage their operations and customer-facing applications via an iPhone, iPad, or Mac need some help.