Cantor Fitzgerald Forecasts JFrog FY2024 Earnings

JFrog Ltd. (NASDAQ:FROG - Free Report) - Investment analysts at Cantor Fitzgerald issued their FY2024 earnings per share (EPS) estimates for shares of JFrog in a report issued on Tuesday, October 29th. Cantor Fitzgerald analyst J. Ruykhaver expects that the company will post earnings per share of ($0.29) for the year. Cantor Fitzgerald has a "Overweight" rating and a $35.00 price objective on the stock. The consensus estimate for JFrog's current full-year earnings is ($0.28) per share.

FROG has been the subject of a number of other research reports. Baird R W raised shares of JFrog to a "strong-buy" rating in a research note on Tuesday, August 27th. KeyCorp lifted their price objective on shares of JFrog from $30.00 to $32.00 and gave the company an "overweight" rating in a report on Thursday, September 12th. Robert W. Baird began coverage on shares of JFrog in a report on Tuesday, August 27th. They set an "outperform" rating and a $32.00 price objective for the company. UBS Group reduced their price objective on shares of JFrog from $41.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Morgan Stanley dropped their price target on shares of JFrog from $47.00 to $33.00 and set an "overweight" rating on the stock in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.61.

JFrog Stock Performance

Shares of FROG stock traded up $0.65 during mid-day trading on Friday, reaching $29.83. 720,641 shares of the stock traded hands, compared to its average volume of 1,271,726. JFrog has a 1-year low of $22.91 and a 1-year high of $48.81. The stock's fifty day simple moving average is $28.68 and its two-hundred day simple moving average is $32.67.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The company had revenue of $103.04 million during the quarter, compared to the consensus estimate of $103.53 million.

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 35,550 shares of the company's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the sale, the chief executive officer now directly owns 4,975,229 shares of the company's stock, valued at $149,256,870. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Yoav Landman sold 15,000 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $25.68, for a total transaction of $385,200.00. Following the sale, the chief technology officer now directly owns 6,642,242 shares of the company's stock, valued at approximately $170,572,774.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 35,550 shares of the firm's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the sale, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 141,031 shares of company stock valued at $4,003,447 in the last three months. 15.70% of the stock is currently owned by company insiders.

Institutional Trading of JFrog

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of JFrog by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company's stock worth $335,141,000 after purchasing an additional 523,432 shares during the period. Bank of New York Mellon Corp boosted its position in shares of JFrog by 22.3% during the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company's stock worth $115,791,000 after acquiring an additional 561,897 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in shares of JFrog by 4.4% during the first quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company's stock worth $76,160,000 after acquiring an additional 73,036 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of JFrog by 17.9% during the second quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company's stock worth $62,904,000 after acquiring an additional 254,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of JFrog by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company's stock worth $62,636,000 after purchasing an additional 41,275 shares during the last quarter. Hedge funds and other institutional investors own 85.02% 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.