JFrog (FROG) Scheduled to Post Quarterly Earnings on Thursday

JFrog (NASDAQ:FROG - Get Free Report) will be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate 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. On average, analysts expect JFrog to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

JFrog Stock Down 0.6 %

NASDAQ:FROG traded down $0.19 during trading hours on Thursday, hitting $29.18. 799,291 shares of the stock were exchanged, compared to its average volume of 1,274,338. The company's 50 day moving average is $28.62 and its two-hundred day moving average is $32.70. The company has a market capitalization of $2.97 billion, a P/E ratio of -65.27 and a beta of 0.94. JFrog has a twelve month low of $21.45 and a twelve month high of $48.81.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the firm's stock in a transaction on Friday, August 9th. The shares were sold at an average price of $25.68, for a total value of $385,200.00. Following the completion of the transaction, the chief technology officer now owns 6,642,242 shares of the company's stock, valued at approximately $170,572,774.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CRO Tali Notman sold 10,699 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $28.29, for a total transaction of $302,674.71. Following the transaction, the executive now directly owns 536,714 shares in the company, valued at approximately $15,183,639.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the firm's 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 completion of the sale, the chief technology officer now owns 6,642,242 shares of the company's stock, valued at $170,572,774.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 141,031 shares of company stock valued at $4,003,447 over the last three months. Company insiders own 15.70% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on FROG. Scotiabank lowered their price objective on JFrog from $40.00 to $25.00 and set a "sector perform" rating for the company in a research report on Thursday, August 8th. Barclays cut their price objective on shares of JFrog from $50.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. Piper Sandler dropped their target price on shares of JFrog from $40.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. KeyCorp lifted their price objective on JFrog from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. Finally, UBS Group cut their target price on JFrog from $41.00 to $30.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Three equities 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $36.61.

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.