JFrog (NASDAQ:FROG) Issues Earnings Results

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

JFrog Trading Up 5.5 %

Shares of FROG traded up $2.09 during mid-day trading on Monday, hitting $39.80. 4,887,877 shares of the company's stock were exchanged, compared to its average volume of 889,485. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The firm has a market capitalization of $4.05 billion, a P/E ratio of -75.09 and a beta of 0.97. The business's 50 day moving average is $32.96 and its two-hundred day moving average is $30.63.

Insider Transactions at JFrog

In other news, CFO Eduard Grabscheid sold 834 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 97,260 shares in the company, valued at approximately $2,976,156. This represents a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Yoav Landman sold 4,111 shares of the firm's stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.07, for a total transaction of $148,283.77. Following the completion of the sale, the chief technology officer now owns 6,563,131 shares of the company's stock, valued at approximately $236,732,135.17. The trade was a 0.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 411,338 shares of company stock worth $13,710,378. Company insiders own 15.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FROG. Robert W. Baird upped their price objective on JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Canaccord Genuity Group upped their price target on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday. Truist Financial upped their price objective on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday. TD Cowen upped their price objective on JFrog from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus increased their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday. Three research 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.17.

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.