Scotiabank Predicts JFrog’s FY2024 Earnings (NASDAQ:FROG)

JFrog Ltd. (NASDAQ:FROG) – Equities researchers at Scotiabank issued their FY2024 earnings per share (EPS) estimates for shares of JFrog in a report issued on Wednesday, January 8th. Scotiabank analyst N. Altmann anticipates that the company will post earnings of ($0.32) per share for the year. Scotiabank has a “Sector Perform” rating and a $30.00 price objective on the stock. The consensus estimate for JFrog’s current full-year earnings is ($0.32) per share. Scotiabank also issued estimates for JFrog’s FY2025 earnings at ($0.22) EPS.

A number of other brokerages have also commented on FROG. Needham & Company LLC upped their price objective on shares of JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Robert W. Baird upped their target price on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial reiterated a “buy” rating and set a $35.00 price target (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. Finally, TD Cowen increased their price objective on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Three equities research 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, JFrog has an average rating of “Moderate Buy” and a consensus target price of $37.72.

JFrog Price Performance

NASDAQ:FROG opened at $31.93 on Monday. JFrog has a one year low of $22.91 and a one year high of $48.81. The company has a fifty day moving average price of $30.86 and a 200 day moving average price of $30.99. The stock has a market cap of $3.25 billion, a P/E ratio of -60.25 and a beta of 0.95.

Insider Buying and Selling

In other JFrog news, Director Yossi Sela sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total value of $796,500.00. Following the completion of the sale, the director now owns 355,129 shares of the company’s stock, valued at approximately $11,314,409.94. This represents a 6.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Friday, November 15th. The stock was sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the transaction, the director now directly owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 224,146 shares of company stock valued at $6,958,504 over the last ninety days. Insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

Several large investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new stake in JFrog during the 3rd quarter worth about $29,000. West Tower Group LLC acquired a new position in shares of JFrog during the 3rd quarter worth approximately $116,000. Sanctuary Advisors LLC bought a new stake in shares of JFrog during the 2nd quarter worth approximately $188,000. Mackenzie Financial Corp boosted its holdings in shares of JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after buying an additional 384 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in shares of JFrog in the second quarter valued at $222,000. Institutional investors own 85.02% of the company’s stock.

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.