JFrog (NASDAQ:FROG) Releases Q4 2021 Earnings Guidance

JFrog (NASDAQ:FROG) updated its fourth quarter 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.000-$0.010 for the period, compared to the Thomson Reuters consensus estimate of $-0.030. The company issued revenue guidance of $57.50 million-$58.50 million, compared to the consensus revenue estimate of $57.48 million.JFrog also updated its FY 2021 guidance to $0.040-$0.050 EPS.

Several research firms recently weighed in on FROG. Morgan Stanley decreased their target price on JFrog from $63.00 to $40.00 and set an equal weight rating for the company in a research note on Friday, August 20th. Zacks Investment Research upgraded JFrog from a strong sell rating to a hold rating in a research note on Wednesday, October 6th. Oppenheimer reduced their price objective on JFrog from $61.00 to $55.00 and set an outperform rating for the company in a research note on Friday, August 6th. Finally, Needham & Company LLC boosted their price objective on JFrog from $66.00 to $71.00 and gave the company a buy rating in a research note on Monday, November 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $62.57.

Shares of NASDAQ:FROG traded up $0.57 during trading on Thursday, reaching $33.62. The company had a trading volume of 528,247 shares, compared to its average volume of 1,011,225. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of -70.04 and a beta of 0.73. The stock’s fifty day moving average price is $34.69 and its 200 day moving average price is $39.29. JFrog has a fifty-two week low of $31.17 and a fifty-two week high of $73.61.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, November 4th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.14. The business had revenue of $53.70 million for the quarter, compared to analyst estimates of $52.53 million. JFrog had a negative return on equity of 6.58% and a negative net margin of 23.78%. The company’s revenue for the quarter was up 38.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share. On average, equities research analysts expect that JFrog will post -0.33 EPS for the current fiscal year.

In other JFrog news, Director Jeff Horing sold 74,535 shares of the company’s stock in a transaction on Wednesday, September 8th. The stock was sold at an average price of $37.55, for a total value of $2,798,789.25. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ben Haim Shlomi sold 175,000 shares of the company’s stock in a transaction on Monday, November 15th. The shares were sold at an average price of $36.18, for a total value of $6,331,500.00. The disclosure for this sale can be found here. Corporate insiders own 38.30% of the company’s stock.

Several large investors have recently modified their holdings of the company. Royal Bank of Canada lifted its position in shares of JFrog by 22.0% in the third quarter. Royal Bank of Canada now owns 8,807 shares of the company’s stock valued at $294,000 after acquiring an additional 1,591 shares in the last quarter. Wells Fargo & Company MN lifted its position in JFrog by 29.4% during the second quarter. Wells Fargo & Company MN now owns 16,090 shares of the company’s stock worth $733,000 after buying an additional 3,659 shares during the period. Dimensional Fund Advisors LP purchased a new position in JFrog during the third quarter worth about $230,000. Finally, UBS Group AG lifted its position in JFrog by 147.1% during the third quarter. UBS Group AG now owns 45,015 shares of the company’s stock worth $1,508,000 after buying an additional 26,797 shares during the period. Institutional investors and hedge funds own 49.87% of the company’s stock.

JFrog Company Profile

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

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