JFrog (FROG) to Release Quarterly Earnings on Thursday

JFrog (NASDAQ:FROG) will be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect JFrog to post earnings of $0.10 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The business had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. 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

Shares of FROG stock opened at $30.43 on Wednesday. The firm’s 50 day moving average price is $28.81 and its two-hundred day moving average price is $32.49. The stock has a market cap of $3.10 billion, a PE ratio of -67.62 and a beta of 0.93. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81.

Analyst Ratings Changes

Several analysts have commented on the stock. Baird R W upgraded shares of JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Bank of America cut their price objective on shares of JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. DA Davidson reiterated a “buy” rating and set a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Stifel Nicolaus cut their price target on JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $33.00 price objective on shares of JFrog in a report on Monday, September 16th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $36.61.

Insider Buying and Selling at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.68, for a total value of $385,200.00. Following the transaction, the chief technology officer now owns 6,642,242 shares in the company, valued at approximately $170,572,774.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other JFrog news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $25.68, for a total value of $385,200.00. Following the transaction, the chief technology officer now directly owns 6,642,242 shares of the company’s stock, valued at approximately $170,572,774.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Tali Notman sold 11,621 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $314,464.26. Following the completion of the sale, the executive now owns 547,413 shares of the company’s stock, valued at $14,812,995.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,031 shares of company stock worth $4,003,447. 15.70% of the stock is currently owned by company insiders.

About JFrog

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.