JFrog (FROG) to Release Quarterly Earnings on Wednesday

JFrog (NASDAQ:FROG) is projected to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect JFrog to post earnings of $0.14 per share and revenue of $114.25 million for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

JFrog Stock Performance

JFrog stock opened at $36.54 on Tuesday. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The firm’s 50-day simple moving average is $32.17 and its 200 day simple moving average is $30.64. The stock has a market cap of $3.72 billion, a PE ratio of -68.94 and a beta of 0.97.

Wall Street Analysts Forecast Growth

FROG has been the topic of a number of recent analyst reports. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Scotiabank lifted their target price on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Barclays reduced their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. TD Cowen lifted their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Robert W. Baird increased their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and a consensus target price of $37.89.

Insider Buying and Selling at JFrog

In other news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.86, for a total value of $1,080,100.00. Following the transaction, the director now owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. The trade was a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Yossi Sela sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total value of $796,500.00. Following the transaction, the director now owns 355,129 shares in the company, valued at approximately $11,314,409.94. The trade was a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 369,158 shares of company stock worth $11,964,565 over the last 90 days. Corporate 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.