Brokerages Set JFrog Ltd. (NASDAQ:FROG) PT at $37.72

Shares of JFrog Ltd. (NASDAQ:FROG) have earned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $37.72.

FROG has been the subject of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. UBS Group raised their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Scotiabank raised their target price on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Baird R W upgraded JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, Robert W. Baird raised their price target on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $32.05 on Thursday. JFrog has a twelve month low of $22.91 and a twelve month high of $48.81. The firm has a market cap of $3.27 billion, a PE ratio of -60.47 and a beta of 0.94. The business has a fifty day moving average of $30.24 and a 200-day moving average of $31.47.

Insider Activity

In other news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the transaction, the director now owns 4,514,432 shares in the company, valued at $139,315,371.52. The trade was a 0.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 834 shares of JFrog stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $25,520.40. Following the completion of the sale, the chief financial officer now directly owns 97,260 shares in the company, valued at approximately $2,976,156. This represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 178,891 shares of company stock worth $5,385,533 in the last 90 days. Corporate 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 company. Advisors Asset Management Inc. increased its position in shares of JFrog by 33.9% during 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 during the last quarter. Lazard Asset Management LLC increased its position in shares of JFrog by 6.0% during the 1st quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock worth $686,000 after purchasing an additional 879 shares during the last quarter. Public Employees Retirement Association of Colorado acquired a new position in shares of JFrog during the 1st quarter worth approximately $497,000. Janus Henderson Group PLC increased its position in shares of JFrog by 31.1% during the 1st quarter. Janus Henderson Group PLC now owns 42,781 shares of the company’s stock worth $1,892,000 after purchasing an additional 10,142 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of JFrog by 9.0% during the 1st quarter. California State Teachers Retirement System now owns 75,583 shares of the company’s stock worth $3,342,000 after purchasing an additional 6,272 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

About JFrog

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.