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

Shares of JFrog Ltd. (NASDAQ:FROG) have been given an average rating of “Moderate Buy” by the eighteen analysts that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $41.06.

Several research analysts have commented on the stock. Barclays boosted their price objective on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Needham & Company LLC raised their price objective on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price target on shares of JFrog in a research report on Wednesday, February 12th. Stifel Nicolaus lifted their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Morgan Stanley increased their price target on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, February 14th.

Insider Buying and Selling

In related news, CEO Ben Haim Shlomi sold 17,775 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total value of $560,445.75. Following the transaction, the chief executive officer now directly owns 4,884,584 shares of the company’s stock, valued at approximately $154,010,933.52. The trade was a 0.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $31.55, for a total transaction of $473,250.00. Following the sale, the chief technology officer now owns 6,567,242 shares of the company’s stock, valued at approximately $207,196,485.10. The trade was a 0.23 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 439,104 shares of company stock worth $15,514,264. 15.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of FROG. US Bancorp DE lifted its holdings in JFrog by 7.7% during the 4th quarter. US Bancorp DE now owns 7,199 shares of the company’s stock worth $212,000 after purchasing an additional 512 shares in the last quarter. Snowden Capital Advisors LLC boosted its position in shares of JFrog by 4.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company’s stock valued at $409,000 after acquiring an additional 564 shares during the period. Jones Financial Companies Lllp grew its stake in JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after acquiring an additional 574 shares in the last quarter. Van ECK Associates Corp increased its holdings in JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after acquiring an additional 577 shares during the period. Finally, Arizona State Retirement System lifted its stake in JFrog by 2.6% in the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company’s stock worth $800,000 after purchasing an additional 682 shares in the last quarter. 85.02% of the stock is owned by institutional investors.

JFrog Stock Up 3.4 %

Shares of NASDAQ:FROG opened at $33.58 on Friday. The business has a 50 day moving average of $35.23 and a 200-day moving average of $31.66. JFrog has a 12-month low of $22.91 and a 12-month high of $46.65. The stock has a market cap of $3.42 billion, a PE ratio of -53.30 and a beta of 0.95.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. Equities research analysts expect that JFrog will post -0.33 earnings per share for the current year.

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.