JFrog (NASDAQ:FROG) Upgraded by Baird R W to Strong-Buy

Baird R W upgraded shares of JFrog (NASDAQ:FROG) to a strong-buy rating in a report issued on Tuesday, Zacks.com reports.

A number of other equities analysts have also recently commented on the company. Robert W. Baird assumed coverage on JFrog in a report on Tuesday. They set an outperform rating and a $32.00 target price for the company. Scotiabank reduced their price target on JFrog from $40.00 to $25.00 and set a sector perform rating on the stock in a research report on Thursday, August 8th. FBN Securities started coverage on JFrog in a report on Wednesday, May 22nd. They issued an outperform rating and a $45.00 target price on the stock. Morgan Stanley decreased their price target on JFrog from $47.00 to $33.00 and set an overweight rating for the company in a report on Thursday, August 8th. Finally, KeyCorp cut their target price on JFrog from $46.00 to $30.00 and set an overweight rating on the stock in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, JFrog presently has an average rating of Moderate Buy and an average target price of $37.67.

JFrog Trading Up 1.7 %

FROG stock opened at $27.07 on Tuesday. The business’s 50-day moving average is $33.53 and its 200 day moving average is $37.17. JFrog has a 12-month low of $21.38 and a 12-month high of $48.81. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of -57.59 and a beta of 0.96.

Insiders Place Their Bets

In other news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total transaction of $1,356,250.00. Following the transaction, the director now directly owns 4,549,432 shares of the company’s stock, valued at approximately $176,290,490. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total value of $1,356,250.00. Following the completion of the transaction, the director now owns 4,549,432 shares in the company, valued at $176,290,490. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ben Haim Shlomi sold 57,550 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $32.32, for a total transaction of $1,860,016.00. Following the completion of the sale, the chief executive officer now owns 5,048,099 shares in the company, valued at $163,154,559.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 252,107 shares of company stock worth $8,754,487. 15.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FROG. Frazier Financial Advisors LLC acquired a new position in JFrog in the fourth quarter valued at $35,000. Future Financial Wealth Managment LLC purchased a new position in JFrog in the 1st quarter worth approximately $44,000. Advisors Asset Management Inc. grew its position in JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after acquiring an additional 662 shares in the last quarter. RiverPark Advisors LLC purchased a new stake in shares of JFrog during the first quarter valued at approximately $140,000. Finally, Duality Advisers LP acquired a new position in shares of JFrog during the first quarter worth $205,000. 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.