JFrog (NASDAQ:FROG – Get Free Report) issued an update on its second quarter 2024 earnings guidance on Friday morning. The company provided EPS guidance of 0.130-0.150 for the period, compared to the consensus EPS estimate of 0.140. The company issued revenue guidance of $103.0 million-$104.0 million, compared to the consensus revenue estimate of $103.6 million. JFrog also updated its FY 2024 guidance to 0.590-0.610 EPS.
JFrog Trading Up 2.2 %
FROG stock opened at $37.55 on Monday. The company has a 50 day simple moving average of $35.28 and a 200 day simple moving average of $37.29. JFrog has a 1 year low of $21.38 and a 1 year high of $48.81.
JFrog (NASDAQ:FROG – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $100.31 million during the quarter, compared to analysts’ expectations of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. Research analysts forecast that JFrog will post -0.21 EPS for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Stock Report on JFrog
Insider Buying and Selling at JFrog
In other news, CEO Ben Haim Shlomi sold 57,550 shares of JFrog stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $32.32, for a total value of $1,860,016.00. Following the completion of the transaction, the chief executive officer now directly owns 5,048,099 shares of the company’s stock, valued at approximately $163,154,559.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ben Haim Shlomi sold 57,550 shares of the firm’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 owns 5,048,099 shares of the company’s stock, valued at approximately $163,154,559.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Tali Notman sold 6,000 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $42.60, for a total transaction of $255,600.00. Following the transaction, the executive now owns 522,348 shares in the company, valued at approximately $22,252,024.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 241,048 shares of company stock valued at $8,433,115. 15.70% of the stock is currently owned by 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.
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