JFrog Ltd. (NASDAQ:FROG) Expected to Report Quarterly Sales of $61.44 Million

Stock analysts expect JFrog Ltd. (NASDAQ:FROG) reports sales of $61.44 million for the current quarter, according to Zacks. Seven analysts have released earnings estimates for JFrog. The lowest sales estimate is $61.29 million and the highest is $61.80 million. JFrog reported sales of $45.09 million in the same quarter last year, suggesting a positive year-over-year growth rate of 36.3%. The company is expected to release its next earnings report on Thursday, May 5.

According to Zacks, analysts expect JFrog to post annual sales of $274.09 million for the current year, with estimates ranging from $273.00 to $275.00 million. For the next fiscal year, analysts expect the company to record sales of $347.69 million, with estimates ranging from $329.51 million to $357.70 million. Zacks Investment Research sales averages are an average average based on a survey of analysts who cover JFrog.

JFrog (NASDAQ:FROG) last released its quarterly results on Thursday, February 10. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.07. The company posted revenue of $59.20 million for the quarter, compared to $58.04 million expected by analysts. JFrog had a negative net margin of 23.78% and a negative return on equity of 6.58%. JFrog’s revenue for the quarter increased 38.6% compared to the same quarter last year. In the same period of the previous year, the company had earned earnings per share of ($0.04).

Several equity research analysts have recently weighed in on FROG stocks. Needham & Company LLC reduced its target price on JFrog from $71.00 to $32.00 and set a “buy” rating for the company in a Wednesday, February 9 report. Morgan Stanley cut its target price on JFrog from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday. Oppenheimer lowered his price target on JFrog from $55.00 to $45.00 in a Friday, February 11 research report. Zacks Investment Research upgraded JFrog from a “hold” rating to a “strong sell” rating in a report released Wednesday. Finally, Stifel Nicolaus upgraded JFrog from a “hold” rating to a “buy” rating and set a target price of $45.00 on the stock in a Thursday, Dec. 9 research note. One research analyst rated the stock with a sell rating, four issued a hold rating and four issued a buy rating for the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.57.

(A d)

This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.

Take your trading to the next level with the Options Strategy Guide.

In other news, CEO Ben Haim Shlomi sold 110,000 JFrog shares in a trade dated Thursday, December 2. The stock was sold at an average price of $29.70, for a total value of $3,267,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders of the company hold 38.30% of the shares of the company.

Several hedge funds have recently increased or reduced their stakes in the company. Man Group plc increased its holdings of JFrog shares by 5.4% in the second quarter. Man Group plc now owns 7,431 shares in the company valued at $338,000 after buying a further 381 shares in the last quarter. Advisor Group Holdings Inc. increased its holdings of JFrog shares by 21.8% during the third quarter. Advisor Group Holdings Inc. now owns 3,026 shares of the company valued at $102,000 after purchasing an additional 542 shares in the last quarter. Jag Capital Management LLC increased its holdings of JFrog shares by 6.4% during the third quarter. Jag Capital Management LLC now owns 9,362 shares of the company valued at $314,000 after purchasing an additional 567 shares in the last quarter. Victory Capital Management Inc. increased its holdings of JFrog shares by 8.9% during the third quarter. Victory Capital Management Inc. now owns 8,343 shares of the company valued at $279,000 after purchasing an additional 681 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings of JFrog shares by 1.3% during the fourth quarter. Rhumbline Advisers now owns 55,460 shares of the company valued at $1,647,000 after purchasing an additional 723 shares in the last quarter. Hedge funds and other institutional investors hold 51.89% of the company’s shares.

NASDAQ: FROG opened at $24.73 on Friday. The stock has a market capitalization of $2.28 billion, a PE ratio of -51.52 and a beta of 0.58. The stock’s 50-day moving average is $27.47 and its two-hundred-day moving average is $32.79. JFrog has a fifty-two week low of $22.80 and a fifty-two week high of $68.57.

JFrog Company Profile

JFrog Ltd. provides a DevOps platform to achieve a continuous software release management platform for organizations to deliver software updates to any system in the United States. Its platform acts as a bridge between software development and deployment, enabling organizations to build and release software faster and more securely.

Featured articles

Get a Free Copy of Zacks Research Report on JFrog (FROG)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in JFrog right now?

Before you consider JFrog, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and JFrog wasn’t on the list.

Although JFrog currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here