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

JFrog Ltd. (NASDAQ:FROG) has received a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $37.72.

FROG has been the topic of a number of research reports. Barclays reduced their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. UBS Group increased their price target on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Baird R W raised JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. TD Cowen increased their target price on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $31.93, for a total value of $567,555.75. Following the sale, the chief executive officer now owns 4,957,454 shares in the company, valued at $158,291,506.22. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $30.26, for a total transaction of $453,900.00. Following the sale, the chief technology officer now directly owns 6,582,242 shares of the company’s stock, valued at $199,178,642.92. This represents a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 256,921 shares of company stock valued at $7,927,309. 15.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JFrog

A number of institutional investors have recently modified their holdings of FROG. Principal Financial Group Inc. raised its position in JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after purchasing an additional 514,895 shares in the last quarter. Tidal Investments LLC lifted its position in shares of JFrog by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 79,345 shares of the company’s stock worth $2,304,000 after purchasing an additional 3,507 shares during the period. Sanctuary Advisors LLC boosted its position in JFrog by 99.2% during the 3rd quarter. Sanctuary Advisors LLC now owns 9,972 shares of the company’s stock valued at $321,000 after acquiring an additional 4,967 shares in the last quarter. Ashford Capital Management Inc. grew its stake in JFrog by 33.1% in the third quarter. Ashford Capital Management Inc. now owns 381,470 shares of the company’s stock valued at $11,078,000 after purchasing an additional 94,840 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of JFrog by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 135,642 shares of the company’s stock worth $3,939,000 after acquiring an additional 2,183 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Price Performance

Shares of FROG opened at $30.86 on Monday. JFrog has a 1 year low of $22.91 and a 1 year high of $48.81. The company has a 50 day simple moving average of $30.75 and a two-hundred day simple moving average of $31.31. The firm has a market cap of $3.14 billion, a P/E ratio of -58.23 and a beta of 0.94.

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.