JFrog (FROG) Set to Announce Quarterly Earnings on Wednesday

JFrog (NASDAQ:FROGGet Free Report) will issue its quarterly earnings data after the market closes on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $34.57 on Wednesday. The business’s 50 day moving average price is $32.43 and its 200-day moving average price is $28.49. JFrog has a fifty-two week low of $17.11 and a fifty-two week high of $37.18. The company has a market cap of $3.52 billion, a price-to-earnings ratio of -48.01 and a beta of 0.85.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 5,433 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $28.02, for a total value of $152,232.66. Following the completion of the transaction, the chief executive officer now owns 5,268,230 shares of the company’s stock, valued at approximately $147,615,804.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Ben Haim Shlomi sold 5,433 shares of JFrog stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $28.02, for a total value of $152,232.66. Following the completion of the transaction, the chief executive officer now owns 5,268,230 shares in the company, valued at approximately $147,615,804.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total value of $1,201,550.00. Following the completion of the transaction, the director now owns 4,909,432 shares of the company’s stock, valued at approximately $168,540,800.56. The disclosure for this sale can be found here. Insiders sold a total of 412,243 shares of company stock valued at $13,722,858 in the last quarter. 30.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sei Investments Co. lifted its holdings in JFrog by 166.2% in the third quarter. Sei Investments Co. now owns 284,088 shares of the company’s stock valued at $7,204,000 after acquiring an additional 177,382 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in JFrog by 9.0% in the third quarter. JPMorgan Chase & Co. now owns 1,702,042 shares of the company’s stock valued at $43,164,000 after acquiring an additional 140,761 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in JFrog by 36.1% in the third quarter. Ameriprise Financial Inc. now owns 203,898 shares of the company’s stock valued at $5,171,000 after acquiring an additional 54,037 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in JFrog by 148.3% in the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock valued at $35,000 after acquiring an additional 829 shares during the last quarter. Finally, California State Teachers Retirement System lifted its holdings in JFrog by 8.2% in the third quarter. California State Teachers Retirement System now owns 63,036 shares of the company’s stock valued at $1,599,000 after acquiring an additional 4,789 shares during the last quarter. 57.65% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Piper Sandler reduced their price objective on JFrog from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Oppenheimer lifted their price target on JFrog from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. DA Davidson lifted their price target on JFrog from $40.00 to $45.00 and gave the company a “buy” rating in a report on Monday. Truist Financial lifted their price target on JFrog from $33.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, Needham & Company LLC raised their price objective on JFrog from $31.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.18.

Check Out Our Latest Report on FROG

JFrog Company Profile

(Get Free Report)

JFrog Ltd. provides DevOps platform in the United States, Israel, and internationally. 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 and continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; JFrog Distribution that provides software package distribution with enterprise-grade performance; and JFrog Advanced Security, an binary scanning solution that offers secrets detection, contextual analysis, IaC scanning, container scanning, and others.

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Earnings History for JFrog (NASDAQ:FROG)

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