JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Eyal Goldstein, Chief Revenue Officer of Asure Software Inc . (NASDAQ:ASUR), recently executed a series of stock transactions, according to a filing with the Securities and Exchange Commission. On March 11, Goldstein sold a total of 26,007 shares of the company’s common stock, generating proceeds of approximately $247,898. The shares were sold at prices ranging from $9.53 to $9.88.
In addition to the stock sales, Goldstein also exercised stock options to acquire 25,859 shares at a price of $6.43 per share, amounting to a total value of $166,273. Following these transactions, Goldstein holds 295,095 shares of Asure Software common stock. While the company reported impressive gross profit margins of 68.5%, InvestingPro analysis reveals several additional key metrics and insights available to subscribers, including detailed valuation metrics and growth forecasts.
These transactions are part of Goldstein’s ongoing management of his equity holdings in the company. Asure Software, headquartered in Austin, Texas, provides cloud-based software solutions for workforce and workspace management. The company maintains a strong balance sheet with more cash than debt, and analysts expect it to achieve profitability this year.
In other recent news, Asure Software reported its fourth-quarter earnings for 2024, revealing a significant miss on earnings per share (EPS), which came in at -$0.12 compared to the expected $0.19. The company’s revenue for the quarter was $30.79 million, slightly below the forecast of $30.8 million. Despite these results, Asure Software’s recurring revenues grew by 15%, making up 96% of total revenues. Both Stifel and Needham maintained their Buy ratings on Asure Software, with price targets of $11 and $20, respectively, highlighting confidence in the company’s growth trajectory despite the earnings miss.
Stifel analysts noted that the company’s fourth-quarter revenues and adjusted EBITDA fell slightly short of guidance midpoints, but they expressed optimism due to Asure’s strong sales momentum and backlog. Needham pointed out that Asure’s fourth-quarter performance aligned with forecasts, though recurring revenue fell short due to an acquisition delay. The firm remains positive about Asure’s gross margin outlook, expecting improvements as higher-margin products gain traction.
Asure Software’s management reiterated their financial guidance for fiscal year 2025, projecting mid-teens growth and EBITDA margins of 23-24%. The company aims to achieve revenue between $134 million and $138 million for 2025. Despite challenges, including a widening net loss and an acquisition that did not close as planned, Asure’s efforts in client acquisition and cross-selling are anticipated to drive future growth.
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