Shares of JFrog Ltd. (NASDAQ:FROG – Get Free Report) have been given a consensus rating of “Moderate Buy” by the seventeen ratings firms that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $41.44.
A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price target on shares of JFrog from $39.00 to $42.00 and gave the company an “overweight” rating in a report on Friday, May 9th. DA Davidson increased their target price on shares of JFrog from $40.00 to $45.00 and gave the company a “buy” rating in a report on Friday, May 9th. Cantor Fitzgerald reiterated an “overweight” rating and set a $46.00 price target on shares of JFrog in a research report on Monday, May 5th. Wall Street Zen upgraded JFrog from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. Finally, Scotiabank dropped their price objective on JFrog from $40.00 to $36.00 and set a “sector perform” rating for the company in a research note on Thursday, April 24th.
Read Our Latest Report on FROG
Insider Activity at JFrog
Institutional Investors Weigh In On JFrog
A number of hedge funds and other institutional investors have recently made changes to their positions in FROG. Alliancebernstein L.P. lifted its position in JFrog by 1,974.0% during the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock worth $68,832,000 after buying an additional 2,047,294 shares during the period. Eminence Capital LP acquired a new position in shares of JFrog during the 1st quarter valued at about $43,268,000. Norges Bank purchased a new position in shares of JFrog during the 4th quarter worth about $32,878,000. Raymond James Financial Inc. purchased a new position in shares of JFrog during the 4th quarter worth about $30,554,000. Finally, T. Rowe Price Investment Management Inc. boosted its position in shares of JFrog by 65.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock worth $84,166,000 after acquiring an additional 1,037,482 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.
JFrog Price Performance
Shares of NASDAQ FROG opened at $41.53 on Monday. The company has a market cap of $4.76 billion, a PE ratio of -58.49 and a beta of 1.07. The stock has a fifty day moving average price of $38.31 and a 200 day moving average price of $35.06. JFrog has a 1-year low of $22.91 and a 1-year high of $45.10.
JFrog (NASDAQ:FROG – Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative return on equity of 7.24% and a negative net margin of 17.52%. The company had revenue of $122.41 million for the quarter, compared to analysts’ expectations of $117.44 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. Analysts anticipate that JFrog will post -0.33 earnings per share for the current fiscal year.
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.
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