JFrog (FROG) Set to Announce Quarterly Earnings on Thursday

JFrog (NASDAQ:FROG) is set to announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.14 per share 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 released its earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $97.26 million for the quarter, compared to analyst estimates of $93.07 million. JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. On average, analysts expect JFrog to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

JFrog Trading Down 0.0 %

Shares of JFrog stock opened at $41.02 on Wednesday. JFrog has a 1 year low of $20.80 and a 1 year high of $48.81. The company has a market cap of $4.18 billion, a price-to-earnings ratio of -68.37 and a beta of 1.01. The company’s fifty day simple moving average is $41.85 and its 200-day simple moving average is $35.19.

Insider Buying and Selling

In related news, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $38.97, for a total value of $1,363,950.00. Following the sale, the director now owns 4,654,432 shares in the company, valued at $181,383,215.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Yossi Sela sold 45,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $42.87, for a total value of $1,929,150.00. Following the completion of the sale, the director now owns 380,312 shares of the company’s stock, valued at approximately $16,303,975.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total value of $1,363,950.00. Following the transaction, the director now directly owns 4,654,432 shares in the company, valued at $181,383,215.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 501,355 shares of company stock valued at $22,340,017. Company insiders own 15.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FROG. Morgan Stanley lifted their price target on JFrog from $40.00 to $52.00 in a research note on Thursday, March 7th. Cantor Fitzgerald upped their price objective on JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. Needham & Company LLC boosted their target price on shares of JFrog from $40.00 to $55.00 in a report on Thursday, March 7th. Bank Of America (Bofa) increased their price target on shares of JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Finally, Scotiabank began coverage on shares of JFrog in a research note on Thursday, March 7th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $43.46.

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.