When JFrog's stock fell on Nov. 23, the decline wasn't caused by the actual lock-up release, which happened two days later. Instead, investors sold the stock on fears that insiders would dump their shares.
Full Answer
Why is everyone talking about Jfrog stock?
Many investors are bullish on JFrog because it's a high-growth silo-busting company that centralizes data for fragmented businesses. Large companies often install a wide range of software across different computing platforms and services, and manually updating that software is tedious, time-consuming, and prone to human error.
How much is Jfrog losing?
JFrog's streamlined approach is disruptive, and about 75% of the Fortune 500 companies now use its services. Its revenue rose 65% to $104.7 million last year, and it narrowed its net loss from $26 million to $5.4 million.
Does Jfrog have an upside of 97% from current price?
According to analysts' consensus price target of $45.57, JFrog has a forecasted upside of 97.9% from its current price of $23.03. JFrog has only been the subject of 3 research reports in the past 90 days.
When is Jfrog's next earnings release?
View analyst ratings for JFrog or view top-rated stocks. When is JFrog's next earnings date? JFrog is scheduled to release its next quarterly earnings announcement on Thursday, May 5th 2022. View our earnings forecast for JFrog.
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Why is JFrog stock falling?
The stock lost over 12% as of 11 a.m. EDT even as the S&P 500 ticked slightly higher, according to data provided by S&P Global Market Intelligence. The drop added to significant short-term losses so far in 2021 and was driven by a poorly received earnings report.
Is JFrog a good stock to buy?
JFrog was one of the hottest software IPOs of 2020, but it now trades far below its offering price. JFrog still generates robust revenue growth with high retention rates and expanding gross margins.
Is JFrog overvalued?
Today, we'll take a look at three stocks that appear overvalued -- Under Armour (UA 0.20%) (UAA 0.27%), Unity Software (U 2.54%), and JFrog (FROG -6.22%) -- and why they could burn investors if the market crashes.
Is JFrog public?
JFrog Announces Final Lock-up Release SUNNYVALE, Calif., Feb. 16, 2021 — In connection with the initial public offering (the “IPO”) of the ordinary shares of JFrog Ltd.
What does J frog do?
JFrog Artifactory is the only Universal Repository Manager that supports all major packaging formats, build tools and CI servers. As the first, and only, universal Artifact Repository Manager on the market, JFrog Artifactory fully supports software packages created by any language or technology.
Is unity stock overvalued?
Unity Software has a current Real Value of $35.95 per share. The regular price of the company is $37.45. At this time, the company appears to be overvalued....USD 37.45 7.02 15.79%LowerMiddle BandUpper32.2139.3946.57
Who is the CEO of JFrog?
Shlomi Ben Haim (Apr 2008–)JFrog / CEO
Why is it called JFrog?
The greatest joy in his life was for frogs… and so we are called JFrog, named by one of our founders, Fred Simon who is from France. The other story is that J is for Java, which is the repository type we started with, and frogs are fun.
What industry is JFrog in?
It serves technology, financial services, retail, healthcare, and telecommunications organizations. JFrog Ltd. was incorporated in 2008 and is headquartered in Sunnyvale, California.
Should I buy or sell JFrog stock right now?
5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for JFrog in the last year. There are currently 2 hold ratings and 3...
What is JFrog's stock price forecast for 2022?
5 analysts have issued 1 year price objectives for JFrog's shares. Their forecasts range from $20.00 to $40.00. On average, they predict JFrog's st...
How has JFrog's stock performed in 2022?
JFrog's stock was trading at $29.70 at the start of the year. Since then, FROG stock has decreased by 38.9% and is now trading at $18.15. View the...
When is JFrog's next earnings date?
JFrog is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022. View our earnings forecast for JFrog .
How were JFrog's earnings last quarter?
JFrog Ltd. (NASDAQ:FROG) issued its earnings results on Monday, May, 9th. The company reported ($0.14) earnings per share (EPS) for the quarter, mi...
What guidance has JFrog issued on next quarter's earnings?
JFrog updated its second quarter 2022 earnings guidance on Monday, June, 6th. The company provided EPS guidance of -$0.04--$0.03 for the period, co...
Who are JFrog's key executives?
JFrog's management team includes the following people: Mr. Shlomi Ben Haim , Co-Founder, CEO & Chairman (Age 52, Pay $762.49k) Mr. Yoav Landman...
Who are some of JFrog's key competitors?
Some companies that are related to JFrog include Avalara (AVLR) , GitLab (GTLB) , Elastic (ESTC) , Guidewire Software (GWRE) , SentinelOne (S)...
What other stocks do shareholders of JFrog own?
Based on aggregate information from My MarketBeat watchlists, some companies that other JFrog investors own include Nikola (NKLA) , CrowdStrike (...
What happened
Shares of JFrog ( FROG -2.35% ) are falling today, down by 11% as of 12:30 p.m. EST, after the company reported third-quarter earnings. This was the software specialist's first earnings release as a public company following its IPO in September.
So what
Revenue in the third quarter jumped 40% to $38.9 million, topping the $37.9 million in sales that analysts were modeling for. That resulted in adjusted earnings per share of $0.05, while Wall Street was expecting JFrog to break even.
Now what
JFrog issued guidance for the fourth quarter that calls for revenue of $40.9 million to $41.9 million, compared to the consensus estimate of $40.5 million in sales. Adjusted earnings per share are forecast at breakeven to $0.02, with Wall Street still expecting breakeven next quarter. The company also offered an outlook for the full year.
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What happened
Shares of JFrog ( NASDAQ:FROG) slipped 14.4% in October, according to data from S&P Global Market Intelligence. The stock fell amid mixed coverage from analysts and sell-offs for growth-dependent tech stocks at the end of the month.
So what
Nine major investment firms initiated coverage of JFrog on Oct. 12, and the stock received the equivalent of buy ratings from four of four of the firms. J.P. Morgan analyst Sterling Auty published a note giving the company an "overweight" rating and issuing a one-year price target of $90 per share.
Now what
JFrog stock has continued to slide following the company's third quarter earnings release on Nov. 4. Shares are down roughly 8.6% in the month so far.
About JFrog
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.
JFrog (NASDAQ:FROG) Frequently Asked Questions
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for JFrog in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock.
When did JFrog stock drop?
JFrog 's ( NASDAQ:FROG) stock dropped on Nov. 23 after the software company granted an early lock-up release for 25% of its ordinary shares, but the stock subsequently rebounded over the following days. Let's take a look at why JFrog freed up its locked-up shares ahead of schedule, why that decision caused its stock to drop, ...
How long are JFrog shares locked up?
Image source: Getty Images. When JFrog went public in September, it stated that 88% of its ordinary shares would remain locked up for 180 days. However, it also struck an agreement with its underwriters in which 25% of its shares could be unlocked if "certain price and other conditions" were met.
How much did the YT company lose in 2020?
Its revenue rose 65% to $104.7 million last year, and it narrowed its net loss from $26 million to $5.4 million. In the first nine months of 2020, its revenue rose 46% year over year to $108.1 million, but its net loss widened from $5.2 million to $5.7 million. For the full year, it expects its revenue to rise 42%-43%.
What was the stock price of Facebook in 2012?
Facebook 's ( NASDAQ:FB) stock, for example, dropped to a record low of $19.87 in Aug. 2012 after its lock-up period ended -- compared to its IPO price of $38. But that drop also proved to be a rare buying opportunity for long-term investors, since Facebook's stock now trades at over $270 per share.
Who owns Amazon shares?
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Leo Sun owns shares of Amazon and Facebook.
What is JFrog software?
The Israeli-based company produces development software that is used to manage and release software updates. It boasts the mantra “Release Fast or Die” on its home page. This gives JFrog a compelling, if not small, niche. And for the time being, JFrog is the leader in this software management sector.
Does JFrog have software updates?
And the problem is that enterprises use multiple platforms and literally span the globe, JFrog ensures the proper updates happen. The Israeli-based company produces development software that is used to manage and release software updates. It boasts the mantra “Release Fast or Die” on its home page.
