KeyCorp Comments on JFrog Ltd.’s Q1 2022 Earnings (NASDAQ:FROG)

JFrog Ltd. (NASDAQ:FROGGet Rating) – Equities researchers at KeyCorp issued their Q1 2022 earnings per share estimates for JFrog in a research report issued to clients and investors on Monday, April 25th. KeyCorp analyst M. Turits forecasts that the company will earn ($0.14) per share for the quarter. KeyCorp also issued estimates for JFrog’s Q2 2022 earnings at ($0.15) EPS, Q3 2022 earnings at ($0.14) EPS, Q4 2022 earnings at ($0.12) EPS, FY2022 earnings at ($0.58) EPS and FY2023 earnings at ($0.43) EPS.

JFrog (NASDAQ:FROGGet Rating) last issued its earnings results on Thursday, February 10th. The company reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.06). JFrog had a negative net margin of 31.06% and a negative return on equity of 8.23%. The firm had revenue of $59.20 million during the quarter, compared to the consensus estimate of $58.04 million. During the same period in the previous year, the company posted ($0.04) EPS. The firm’s revenue for the quarter was up 38.6% on a year-over-year basis.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC cut their target price on shares of JFrog from $71.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, February 9th. Morgan Stanley lowered their price target on shares of JFrog from $43.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, February 14th. Stifel Nicolaus decreased their target price on shares of JFrog from $45.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, March 21st. Piper Sandler decreased their target price on shares of JFrog from $44.00 to $32.00 in a report on Thursday, January 6th. Finally, Zacks Investment Research raised shares of JFrog from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Thursday, April 21st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, JFrog currently has a consensus rating of “Buy” and a consensus price target of $35.33.

Shares of FROG opened at $22.16 on Wednesday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -33.07 and a beta of 0.63. The firm has a fifty day simple moving average of $24.42 and a 200 day simple moving average of $28.45. JFrog has a 12 month low of $21.06 and a 12 month high of $53.05.

In other news, CFO Yakov (Jacob) Shulman sold 6,000 shares of JFrog stock in a transaction on Monday, April 18th. The shares were sold at an average price of $24.46, for a total value of $146,760.00. Following the completion of the sale, the chief financial officer now owns 320,922 shares in the company, valued at approximately $7,849,752.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Tali Notman sold 15,000 shares of JFrog stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $22.67, for a total transaction of $340,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,074 shares of company stock worth $1,703,224. 38.30% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of FROG. Allworth Financial LP purchased a new position in shares of JFrog in the 3rd quarter worth about $26,000. Penserra Capital Management LLC purchased a new stake in JFrog during the third quarter valued at about $60,000. Advisor Group Holdings Inc. lifted its holdings in JFrog by 21.8% during the third quarter. Advisor Group Holdings Inc. now owns 3,026 shares of the company’s stock valued at $102,000 after purchasing an additional 542 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in JFrog during the fourth quarter valued at about $104,000. Finally, Strs Ohio increased its position in shares of JFrog by 152.6% during the fourth quarter. Strs Ohio now owns 4,800 shares of the company’s stock valued at $142,000 after buying an additional 2,900 shares during the period. 63.07% of the stock is currently owned by institutional investors.

About JFrog (Get Rating)

JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.

Featured Articles

Receive News & Ratings for JFrog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JFrog and related companies with MarketBeat.com's FREE daily email newsletter.