JFrog (NASDAQ:FROG) Issues Earnings Results

JFrog (NASDAQ:FROG) issued its quarterly earnings data 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. 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 2.1 %

FROG stock traded up $0.78 during mid-day trading on Thursday, reaching $37.71. 2,604,326 shares of the stock traded hands, compared to its average volume of 1,010,042. The stock’s fifty day moving average is $32.48 and its 200-day moving average is $30.65. The company has a market cap of $3.84 billion, a P/E ratio of -71.15 and a beta of 0.97. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81.

Insider Activity

In related news, Director Yossi Sela sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total transaction of $796,500.00. Following the completion of the sale, the director now directly owns 355,129 shares in the company, valued at approximately $11,314,409.94. This trade represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $30.26, for a total transaction of $453,900.00. Following the transaction, the chief technology officer now directly owns 6,582,242 shares in the company, valued at $199,178,642.92. The trade was a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 387,033 shares of company stock worth $12,621,141 over the last 90 days. 15.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. TD Cowen lifted their price target on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. UBS Group upped their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $38.00 price objective on shares of JFrog in a report on Wednesday. Scotiabank upped their price objective on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Finally, Barclays cut their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.06.

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.