JFrog Ltd. (NASDAQ:FROG) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of JFrog Ltd. (NASDAQ:FROG) have been given an average recommendation of “Moderate Buy” by the eighteen research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $42.17.

A number of analysts have weighed in on the stock. Needham & Company LLC raised their price objective on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a report on Friday. Canaccord Genuity Group lifted their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday. TD Cowen upped their price objective on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 target price on shares of JFrog in a research report on Wednesday. Finally, Morgan Stanley upped their target price on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday.

JFrog Trading Up 5.5 %

Shares of FROG stock opened at $39.80 on Tuesday. The company has a market cap of $4.05 billion, a P/E ratio of -75.09 and a beta of 0.97. The firm has a fifty day moving average price of $32.79 and a 200 day moving average price of $30.66. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. The business had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. On average, equities analysts forecast that JFrog will post -0.32 EPS for the current year.

Insider Transactions at JFrog

In other news, CFO Eduard Grabscheid sold 834 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $25,520.40. Following the completion of the transaction, the chief financial officer now directly owns 97,260 shares of the company’s stock, valued at approximately $2,976,156. This represents a 0.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $35.92, for a total value of $1,257,200.00. Following the completion of the sale, the director now owns 4,409,432 shares in the company, valued at approximately $158,386,797.44. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 411,685 shares of company stock worth $13,720,965. Company insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. One68 Global Capital LLC purchased a new position in shares of JFrog in the 4th quarter valued at about $309,000. Schonfeld Strategic Advisors LLC lifted its position in shares of JFrog by 134.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 33,270 shares of the company’s stock valued at $978,000 after acquiring an additional 19,057 shares during the period. Northern Trust Corp boosted its stake in shares of JFrog by 79.0% during the 4th quarter. Northern Trust Corp now owns 155,121 shares of the company’s stock worth $4,562,000 after acquiring an additional 68,463 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of JFrog in the 4th quarter worth approximately $223,000. Finally, Boothbay Fund Management LLC increased its stake in JFrog by 5.5% in the 4th quarter. Boothbay Fund Management LLC now owns 77,142 shares of the company’s stock valued at $2,269,000 after purchasing an additional 4,056 shares in the last quarter. Institutional investors and hedge funds own 85.02% 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.