JFrog (NASDAQ:FROG) Releases Earnings Results, Misses Expectations By $0.28 EPS

JFrog (NASDAQ:FROG - Get Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28), Zacks reports. The firm had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. JFrog updated its FY 2025 guidance to 0.670-0.690 EPS and its Q1 2025 guidance to 0.150-0.170 EPS.

JFrog Stock Up 5.5 %

Shares of NASDAQ:FROG traded up $2.09 during midday trading on Monday, hitting $39.80. The stock had a trading volume of 4,887,877 shares, compared to its average volume of 889,485. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81. The business's 50-day simple moving average is $32.96 and its 200-day simple moving average is $30.63. The company has a market cap of $4.05 billion, a P/E ratio of -75.09 and a beta of 0.97.

Insider Activity at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 834 shares of JFrog stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $25,520.40. Following the completion of the transaction, the chief financial officer now directly owns 97,260 shares of the company's stock, valued at $2,976,156. The trade was a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Yoav Landman sold 24,652 shares of JFrog stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $37.43, for a total transaction of $922,724.36. Following the transaction, the chief technology officer now directly owns 6,526,901 shares of the company's stock, valued at approximately $244,301,904.43. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 411,338 shares of company stock valued at $13,710,378. 15.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Needham & Company LLC raised their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday. Barclays raised their target price on shares of JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday. Stifel Nicolaus raised their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday. UBS Group raised their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Morgan Stanley raised their target price on shares of JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.17.

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.