JFrog (NASDAQ:FROG) Releases Quarterly Earnings Results, Misses Expectations By $0.28 EPS

JFrog (NASDAQ:FROG) posted its quarterly earnings results on Thursday. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28), Zacks reports. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The business had revenue of $116,080 billion during the quarter, compared to the consensus estimate of $114.25 million. JFrog updated its FY 2025 guidance to 0.670-0.690 EPS and its Q1 2025 guidance to 0.150-0.170 EPS.

JFrog Stock Up 5.5 %

NASDAQ:FROG traded up $2.09 during trading hours on Friday, hitting $39.80. 4,887,877 shares of the stock traded hands, compared to its average volume of 889,485. The company has a market cap of $4.05 billion, a price-to-earnings ratio of -75.09 and a beta of 0.97. JFrog has a 1 year low of $22.91 and a 1 year high of $48.81. The stock has a 50 day moving average price of $32.79 and a 200 day moving average price of $30.71.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price target on shares of JFrog in a research report on Wednesday. Robert W. Baird increased their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Stifel Nicolaus increased their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. Needham & Company LLC boosted their target price on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $46.00 price target (up previously from $36.00) on shares of JFrog in a report on Friday. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.17.

Insider Activity

In other JFrog news, CRO Tali Notman sold 75,635 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the transaction, the executive now owns 582,394 shares in the company, valued at $20,383,790. The trade was a 11.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ben Haim Shlomi sold 20,443 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $625,555.80. Following the transaction, the chief executive officer now owns 4,937,011 shares in the company, valued at $151,072,536.60. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 411,685 shares of company stock worth $13,720,965 over the last quarter. 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.