FY2024 Earnings Forecast for JFrog Issued By Scotiabank

JFrog Ltd. (NASDAQ:FROG - Free Report) - Research analysts at Scotiabank issued their FY2024 earnings estimates for JFrog in a research note issued to investors on Wednesday, January 8th. Scotiabank analyst N. Altmann forecasts that the company will earn ($0.32) per share for the year. Scotiabank currently has a "Sector Perform" rating and a $30.00 target price on the stock. The consensus estimate for JFrog's current full-year earnings is ($0.32) per share. Scotiabank also issued estimates for JFrog's FY2025 earnings at ($0.22) EPS.

Several other analysts also recently issued reports on FROG. TD Cowen lifted their price target on JFrog from $32.00 to $35.00 and gave the company a "buy" rating in a research note on Monday, October 28th. UBS Group boosted their target price on JFrog from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Barclays decreased their price target on shares of JFrog from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Cantor Fitzgerald reissued an "overweight" rating and issued a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.72.

JFrog Stock Down 2.0 %

FROG traded down $0.63 during trading on Monday, hitting $31.30. The company had a trading volume of 819,078 shares, compared to its average volume of 821,054. The company has a market capitalization of $3.19 billion, a PE ratio of -59.06 and a beta of 0.95. JFrog has a one year low of $22.91 and a one year high of $48.81. The firm's 50-day moving average price is $30.86 and its 200 day moving average price is $30.99.

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the transaction, the director now directly owns 4,514,432 shares in the company, valued at $139,315,371.52. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $31.93, for a total transaction of $567,555.75. Following the sale, the chief executive officer now owns 4,957,454 shares of the company's stock, valued at approximately $158,291,506.22. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 239,146 shares of company stock worth $7,431,754 over the last 90 days. Company insiders own 15.70% of the company's stock.

Hedge Funds Weigh In On JFrog

Several institutional investors and hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the third quarter valued at approximately $29,000. West Tower Group LLC bought a new stake in shares of JFrog during the 3rd quarter valued at $116,000. Sanctuary Advisors LLC bought a new stake in shares of JFrog during the 2nd quarter valued at $188,000. Mackenzie Financial Corp grew its holdings in shares of JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company's stock worth $219,000 after purchasing an additional 384 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of JFrog in the second quarter worth $222,000. Institutional investors and hedge funds own 85.02% of the company's stock.

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.