JFrog (FROG) Scheduled to Post Earnings on Thursday

JFrog (NASDAQ:FROG) is scheduled to release its earnings data after the market closes on Thursday, May 9th. Analysts expect JFrog to post earnings of $0.14 per share 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 Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The company had revenue of $97.26 million for the quarter, compared to analysts’ expectations of $93.07 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

FROG stock opened at $41.04 on Tuesday. The firm has a fifty day moving average price of $41.91 and a 200 day moving average price of $35.06. JFrog has a fifty-two week low of $20.80 and a fifty-two week high of $48.81. The firm has a market cap of $4.18 billion, a PE ratio of -68.40 and a beta of 1.01.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Scotiabank assumed coverage on shares of JFrog in a research note on Thursday, March 7th. They issued a “buy” rating for the company. Cantor Fitzgerald lifted their price objective on shares of JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. Bank Of America (Bofa) lifted their price objective on shares of JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. DA Davidson lifted their price objective on shares of JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Finally, Truist Financial lifted their price objective on shares of JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $43.46.

Insider Activity at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total transaction of $1,363,950.00. Following the completion of the sale, the director now owns 4,654,432 shares of the company’s stock, valued at $181,383,215.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JFrog news, CTO Yoav Landman sold 110,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.28, for a total transaction of $5,200,800.00. Following the transaction, the chief technology officer now owns 6,811,371 shares in the company, valued at approximately $322,041,620.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total transaction of $1,363,950.00. Following the transaction, the director now owns 4,654,432 shares in the company, valued at approximately $181,383,215.04. The disclosure for this sale can be found here. Insiders sold 501,355 shares of company stock valued at $22,340,017 over the last 90 days. Insiders own 15.70% of the company’s stock.

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.