JFrog (NASDAQ:FROG) Posts Earnings Results, Misses Estimates By $0.28 EPS

JFrog (NASDAQ:FROG) issued its quarterly earnings data on Thursday. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28), Zacks reports. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. 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 opened at $37.71 on Friday. The firm has a market cap of $3.84 billion, a PE ratio of -71.15 and a beta of 0.97. The business’s 50-day moving average price is $32.62 and its two-hundred day moving average price is $30.70. JFrog has a 1-year low of $22.91 and a 1-year high of $48.81.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 price objective on shares of JFrog in a report on Wednesday. Barclays lowered their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 target price (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. UBS Group raised their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Scotiabank raised their target price on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $38.44.

Insider Transactions at JFrog

In other news, Director Yossi Sela sold 25,000 shares of the company’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total transaction of $796,500.00. Following the completion of the transaction, the director now directly owns 355,129 shares of the company’s stock, valued at $11,314,409.94. This represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 834 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $25,520.40. Following the transaction, the chief financial officer now directly owns 97,260 shares of the company’s stock, valued at $2,976,156. This trade represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 411,685 shares of company stock valued at $13,720,965 over the last three months. Company insiders own 15.70% 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.