JFrog (FROG) Projected to Post Quarterly Earnings on Wednesday

JFrog (NASDAQ:FROG) is projected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.14 per share and revenue of $114.25 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.10 by ($0.24). The company had revenue of $109.06 million during the quarter, compared to analyst estimates of $105.54 million. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. During the same period in the prior year, the business posted ($0.10) EPS. On average, analysts expect JFrog to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

JFrog Stock Performance

NASDAQ FROG opened at $36.34 on Wednesday. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The firm has a market capitalization of $3.70 billion, a P/E ratio of -68.57 and a beta of 0.97. The stock’s fifty day moving average is $31.77 and its two-hundred day moving average is $30.69.

Insider Activity at JFrog

In related news, CRO Tali Notman sold 75,635 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the completion of the sale, the executive now owns 582,394 shares in the company, valued at $20,383,790. The trade was a 11.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75. Following the completion of the transaction, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at approximately $158,291,506.22. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 356,044 shares of company stock worth $11,414,883. Corporate insiders own 15.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. TD Cowen boosted their price target on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. DA Davidson reiterated a “buy” rating and issued a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Scotiabank raised their price target on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. UBS Group upped their price objective on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Needham & Company LLC raised their target price on JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.89.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.