Jamf went public on July 22.
Originally, it priced at $26, but on the first day of trading the company soared over 75%.
The company explained its business in a Securities and Exchange Commission filing: "We help 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.
"With Jamf's software, Apple devices can be deployed to employees brand new in the shrink-wrapped box, set up automatically and personalized at first power-on and administered continuously throughout the life of the device."
Jamf said it generated $225 million of recurring revenue in the year ended March 31. It has more than 40,000 customers in more than 100 countries. It has a net retention rate of 120% and more than 100,000 community members.
For the 2020 first quarter, Jamf posted a loss of $8.3 million, or 8 cents a share, narrowed from $9 million, or 9 cents, in the year-earlier quarter. Revenue rose 37% to $60.4 million from $44.1 million.
In intraday trading on Friday, the stock was trading around $40 a share.
Jim Cramer said don't buy Jamf if you're looking to get exposure to Apple. "If you like Apple, buy Apple...I've never liked derivative trades," Cramer said.
You can follow Katherine Ross on Twitter at @byKatherineRoss.
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