13 Best Small Cap Tech Stocks to Buy Now

9. Jamf Holding Corp. (NASDAQ:JAMF)

Number of Hedge Fund Holders: 25

Market Capitalization: $1.70 billion

Jamf Holding Corp. (NASDAQ:JAMF) offers software-as-a-service solutions via a subscription model, leveraging direct sales, internet channels, and collaborations with companies such as Apple. The company offers a complete management and security solution tailored for Apple-first settings. Jamf’s software solutions continue to see high demand, with 76,000 customers and 33.9 million linked devices.

On March 4, Mizuho reaffirmed its Outperform rating on Jamf Holding Corp. (NASDAQ:JAMF) shares, with a price target of $18. This followed Jamf’s announcement of the acquisition of Identity Automation for around $215 million. The move is viewed as both complementary and strategic, expanding Jamf’s cybersecurity solutions, with Jamf’s management anticipating the purchase to immediately boost the company’s sales and non-GAAP operating profits. Meanwhile, Jamf’s latest financial results were mixed. The company announced a non-GAAP EPS of $0.17, above the consensus forecast, and total revenue of around $163.0 million, representing an 8% year-over-year increase. However, the yearly recurring revenue growth rate of 10% fell short of the expected 11%.