Scotiabank Forecasts JFrog’s FY2024 Earnings (NASDAQ:FROG)

JFrog Ltd. (NASDAQ:FROG) – Equities researchers at Scotiabank issued their FY2024 EPS estimates for JFrog in a research report issued on Wednesday, January 8th. Scotiabank analyst N. Altmann forecasts that the company will post earnings of ($0.32) per share for the year. Scotiabank has a “Sector Perform” rating and a $30.00 price target on the stock. The consensus estimate for JFrog’s current full-year earnings is ($0.32) per share. Scotiabank also issued estimates for JFrog’s FY2025 earnings at ($0.22) EPS.

A number of other analysts have also recently weighed in on FROG. Truist Financial reiterated a “buy” rating and set a $35.00 price target (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. Barclays decreased their price target on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. UBS Group upped their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC boosted their price objective on shares of JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, DA Davidson reissued a “buy” rating and issued a $40.00 price target on shares of JFrog in a report on Monday, October 14th. Three equities 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

JFrog Stock Up 2.0 %

NASDAQ:FROG opened at $31.93 on Monday. The company has a market capitalization of $3.25 billion, a PE ratio of -60.25 and a beta of 0.95. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81. The stock’s 50 day moving average price is $30.92 and its 200 day moving average price is $30.91.

Institutional Trading of JFrog

Several institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its holdings in shares of JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after acquiring an additional 384 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of JFrog by 1.6% during the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after purchasing an additional 577 shares during the period. US Bancorp DE increased its stake in JFrog by 13.6% during the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after buying an additional 798 shares during the period. Future Financial Wealth Managment LLC bought a new stake in JFrog during the third quarter worth approximately $29,000. Finally, Wrapmanager Inc. raised its stake in shares of JFrog by 13.5% in the 3rd quarter. Wrapmanager Inc. now owns 9,769 shares of the company’s stock worth $284,000 after buying an additional 1,161 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $31.93, for a total transaction of $567,555.75. Following the sale, the chief executive officer now directly owns 4,957,454 shares of the company’s stock, valued at approximately $158,291,506.22. The trade was a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on 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 sale, the director now owns 4,514,432 shares in the company, valued at $139,315,371.52. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 239,146 shares of company stock worth $7,431,754 over the last ninety days. 15.70% of the stock is owned by company insiders.

JFrog Company Profile

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.