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

Shares of JFrog Ltd. (NASDAQ:FROG) have been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and eleven have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $43.46.

FROG has been the subject of a number of research reports. Cantor Fitzgerald lifted their target price on JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. Needham & Company LLC lifted their price target on JFrog from $40.00 to $55.00 in a report on Thursday, March 7th. Bank Of America (Bofa) lifted their price target on JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. Truist Financial lifted their price target on JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. Finally, KeyCorp assumed coverage on JFrog in a report on Tuesday, March 19th. They set an “overweight” rating and a $52.00 price target on the stock.

JFrog Price Performance

NASDAQ:FROG opened at $37.49 on Wednesday. The business’s 50-day moving average is $42.29 and its two-hundred day moving average is $33.66. JFrog has a 12 month low of $17.11 and a 12 month high of $48.81. The firm has a market capitalization of $3.82 billion, a PE ratio of -62.48 and a beta of 0.99.

JFrog (NASDAQ:FROG) last announced its earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The business had revenue of $97.26 million for the quarter, compared to analyst estimates of $93.07 million. Equities analysts anticipate that JFrog will post -0.21 EPS for the current year.

Insiders Place Their Bets

In other JFrog news, CTO Yoav Landman sold 110,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $47.28, for a total transaction of $5,200,800.00. Following the completion of the sale, the chief technology officer now directly owns 6,811,371 shares in the company, valued at $322,041,620.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Frederic Simon sold 35,000 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total value of $1,201,550.00. Following the completion of the sale, the director now owns 4,909,432 shares in the company, valued at $168,540,800.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Yoav Landman sold 110,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $47.28, for a total transaction of $5,200,800.00. Following the completion of the sale, the chief technology officer now owns 6,811,371 shares of the company’s stock, valued at approximately $322,041,620.88. The disclosure for this sale can be found here. Insiders have sold 502,555 shares of company stock valued at $22,219,617 over the last three months. 30.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP bought a new position in JFrog during the third quarter worth about $490,000. New York State Common Retirement Fund increased its holdings in shares of JFrog by 19.6% during the third quarter. New York State Common Retirement Fund now owns 494,623 shares of the company’s stock worth $12,544,000 after buying an additional 80,913 shares in the last quarter. Swiss National Bank increased its holdings in shares of JFrog by 8.8% during the third quarter. Swiss National Bank now owns 156,800 shares of the company’s stock worth $3,976,000 after buying an additional 12,700 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of JFrog during the third quarter worth approximately $504,000. Finally, Vanguard Group Inc. increased its holdings in shares of JFrog by 10.7% during the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after buying an additional 679,007 shares in the last quarter. Institutional investors 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.