JFrog (FROG) Expected to Announce Quarterly Earnings on Wednesday

JFrog (NASDAQ:FROG) will likely be releasing its earnings data before the market opens on Wednesday, February 12th. Analysts expect JFrog to post earnings of $0.14 per share and revenue of $114.25 million for the quarter. Persons that wish to register for 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 analysts’ consensus estimates of $0.10 by ($0.24). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. The business had revenue of $109.06 million during the quarter, compared to analysts’ expectations of $105.54 million. During the same period in the prior year, the firm posted ($0.10) earnings per share. 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

FROG stock opened at $36.34 on Wednesday. The company has a market capitalization of $3.70 billion, a PE ratio of -68.57 and a beta of 0.97. The company’s fifty day moving average price is $31.77 and its 200-day moving average price is $30.69. JFrog has a one year low of $22.91 and a one year high of $48.81.

Analysts Set New Price Targets

FROG has been the topic of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 target price on shares of JFrog in a report on Tuesday, October 29th. Barclays reduced their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Truist Financial reissued a “buy” rating and set a $35.00 target price (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. DA Davidson restated a “buy” rating and set a $40.00 price objective on shares of JFrog in a report on Monday, October 14th. Finally, Scotiabank boosted their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.89.

Insider Buying and Selling

In other JFrog news, CFO Eduard Grabscheid sold 834 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $25,520.40. Following the transaction, the chief financial officer now owns 97,260 shares in the company, valued at approximately $2,976,156. This represents a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $31.93, for a total value of $567,555.75. Following the completion of the sale, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at $158,291,506.22. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 356,044 shares of company stock worth $11,414,883. 15.70% of the stock is owned by company insiders.

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.