Analysts expect that JFrog Ltd. (NASDAQ:FROG – Get Rating) will post sales of $65.60 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for JFrog’s earnings, with the lowest sales estimate coming in at $65.00 million and the highest estimate coming in at $66.00 million. JFrog posted sales of $48.66 million in the same quarter last year, which suggests a positive year-over-year growth rate of 34.8%. The business is scheduled to report its next earnings report on Monday, January 1st.
On average, analysts expect that JFrog will report full year sales of $274.16 million for the current year, with estimates ranging from $273.00 million to $275.00 million. For the next financial year, analysts forecast that the firm will post sales of $348.55 million, with estimates ranging from $341.00 million to $356.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow JFrog.
JFrog (NASDAQ:FROG – Get Rating) last released its quarterly earnings data on Thursday, February 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $59.20 million during the quarter, compared to analyst estimates of $58.04 million. JFrog had a negative net margin of 31.06% and a negative return on equity of 8.23%. The business’s quarterly revenue was up 38.6% compared to the same quarter last year. During the same period last year, the business earned ($0.04) earnings per share.
Several analysts recently weighed in on the company. Oppenheimer reduced their price objective on JFrog from $45.00 to $37.00 in a research note on Tuesday. Morgan Stanley dropped their target price on JFrog from $43.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, February 14th. Needham & Company LLC lowered their price objective on JFrog from $32.00 to $23.00 in a research report on Tuesday. Zacks Investment Research upgraded JFrog from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Tuesday. Finally, Stifel Nicolaus lowered their price objective on JFrog from $36.00 to $29.00 in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $30.33.
NASDAQ:FROG opened at $16.94 on Thursday. The stock’s 50-day simple moving average is $23.79 and its 200 day simple moving average is $27.50. The firm has a market capitalization of $1.65 billion, a PE ratio of -25.28 and a beta of 0.88. JFrog has a twelve month low of $16.86 and a twelve month high of $50.31.
In other JFrog news, CFO Yakov (Jacob) Shulman sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $24.46, for a total value of $146,760.00. Following the completion of the sale, the chief financial officer now owns 320,922 shares of the company’s stock, valued at $7,849,752.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Tali Notman sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $22.67, for a total value of $340,050.00. The disclosure for this sale can be found here. Insiders have sold 72,074 shares of company stock valued at $1,703,224 in the last ninety days. 33.70% of the stock is currently owned by insiders.
A number of institutional investors have recently made changes to their positions in FROG. Capital Research Global Investors grew its stake in JFrog by 1,375.7% in the fourth quarter. Capital Research Global Investors now owns 2,632,599 shares of the company’s stock valued at $78,188,000 after acquiring an additional 2,454,199 shares during the period. Spark Growth Management Partners II LLC purchased a new position in shares of JFrog during the fourth quarter valued at approximately $62,826,000. Point72 Asset Management L.P. boosted its position in shares of JFrog by 203.8% during the fourth quarter. Point72 Asset Management L.P. now owns 1,699,443 shares of the company’s stock valued at $50,473,000 after buying an additional 1,140,000 shares during the last quarter. Grandeur Peak Global Advisors LLC purchased a new position in shares of JFrog during the fourth quarter valued at approximately $25,010,000. Finally, Renaissance Technologies LLC purchased a new position in shares of JFrog during the third quarter valued at approximately $25,199,000. 65.75% of the stock is owned by hedge funds and other institutional investors.
JFrog Company Profile (Get Rating)
JFrog Ltd. provides DevOps platform in the United States. The company’s products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.
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