JFrog (NASDAQ:FROG – Get Free Report) issued an update on its FY 2024 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 0.590-0.610 for the period, compared to the consensus estimate of 0.600. The company issued revenue guidance of $425.5 million-$429.5 million, compared to the consensus revenue estimate of $428.3 million. JFrog also updated its Q2 2024 guidance to 0.130-0.150 EPS.
JFrog Trading Up 0.4 %
Shares of NASDAQ FROG traded up $0.13 during midday trading on Friday, reaching $36.88. The company had a trading volume of 26,917 shares, compared to its average volume of 1,263,817. The business’s 50-day simple moving average is $35.28 and its 200 day simple moving average is $37.14. The stock has a market cap of $3.76 billion, a P/E ratio of -78.19 and a beta of 0.93. JFrog has a 1 year low of $21.38 and a 1 year high of $48.81.
JFrog (NASDAQ:FROG – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $100.31 million for the quarter, compared to analyst estimates of $98.63 million. JFrog had a negative net margin of 13.29% and a negative return on equity of 4.62%. Analysts predict that JFrog will post -0.21 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on JFrog
Insiders Place Their Bets
In other JFrog news, CEO Ben Haim Shlomi sold 57,550 shares of JFrog stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $32.32, for a total transaction of $1,860,016.00. Following the transaction, the chief executive officer now directly owns 5,048,099 shares of the company’s stock, valued at $163,154,559.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CRO Tali Notman sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $42.60, for a total value of $255,600.00. Following the sale, the executive now directly owns 522,348 shares of the company’s stock, valued at approximately $22,252,024.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 57,550 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $32.32, for a total transaction of $1,860,016.00. Following the completion of the sale, the chief executive officer now directly owns 5,048,099 shares in the company, valued at $163,154,559.68. The disclosure for this sale can be found here. Insiders have sold 241,048 shares of company stock valued at $8,433,115 over the last ninety days. Company insiders own 15.70% of the company’s stock.
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.
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