JFrog (NASDAQ:FROG) Now Covered by Analysts at Barclays

Barclays assumed coverage on shares of JFrog (NASDAQ:FROG) in a research note published on Wednesday, Marketbeat reports. The firm issued an overweight rating and a $50.00 target price on the stock.

FROG has been the topic of several other research reports. UBS Group started coverage on shares of JFrog in a research note on Wednesday, May 22nd. They set a buy rating and a $41.00 price objective on the stock. Needham & Company LLC reiterated a buy rating and set a $45.00 price target on shares of JFrog in a research report on Tuesday. Oppenheimer boosted their price objective on JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. FBN Securities started coverage on JFrog in a research report on Wednesday, May 22nd. They issued an outperform rating and a $45.00 target price on the stock. Finally, Bank Of America (Bofa) raised their target price on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, JFrog presently has a consensus rating of Moderate Buy and a consensus price target of $43.93.

JFrog Trading Up 2.2 %

Shares of FROG opened at $37.55 on Wednesday. JFrog has a 52 week low of $21.38 and a 52 week high of $48.81. The firm has a market cap of $3.83 billion, a price-to-earnings ratio of -79.89 and a beta of 0.93. The stock has a 50 day moving average of $35.28 and a 200-day moving average of $37.19.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $100.31 million during the quarter, compared to the consensus estimate of $98.63 million. JFrog had a negative net margin of 13.29% and a negative return on equity of 4.62%. On average, sell-side analysts predict that JFrog will post -0.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Yoav Landman sold 40,000 shares of the stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $38.70, for a total value of $1,548,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,731,371 shares in the company, valued at $260,504,057.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CRO Tali Notman sold 34,748 shares of JFrog stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $33.96, for a total value of $1,180,042.08. Following the transaction, the executive now owns 559,034 shares of the company’s stock, valued at approximately $18,984,794.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Yoav Landman sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the completion of the sale, the chief technology officer now owns 6,731,371 shares in the company, valued at $260,504,057.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 241,048 shares of company stock worth $8,433,115. 15.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Arcadia Investment Management Corp MI acquired a new stake in shares of JFrog during the 1st quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of JFrog during the fourth quarter worth $35,000. Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog during the first quarter valued at $44,000. Fred Alger Management LLC acquired a new position in shares of JFrog in the 3rd quarter valued at $35,000. Finally, Advisors Asset Management Inc. increased its stake in JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after purchasing an additional 662 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.