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

Shares of JFrog Ltd. (NASDAQ:FROG) have earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $41.06.

Several equities analysts have recently commented on FROG shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $38.00 target price on shares of JFrog in a research report on Wednesday, February 12th. Stifel Nicolaus raised their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. KeyCorp reaffirmed an “overweight” rating and issued a $46.00 target price (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. UBS Group raised their price objective on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Morgan Stanley lifted their target price on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, February 14th.

JFrog Stock Performance

FROG opened at $34.47 on Friday. The business’s 50-day simple moving average is $34.80 and its 200 day simple moving average is $31.38. The firm has a market capitalization of $3.51 billion, a PE ratio of -54.71 and a beta of 0.95. JFrog has a 52-week low of $22.91 and a 52-week high of $46.65.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share 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. On average, research analysts forecast that JFrog will post -0.33 earnings per share for the current year.

Insider Transactions at JFrog

In other JFrog news, CRO Tali Notman sold 75,635 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the sale, the executive now owns 582,394 shares of the company’s stock, valued at $20,383,790. The trade was a 11.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 in the company, valued at $199,178,642.92. The trade was a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 410,171 shares of company stock worth $14,295,770 in the last 90 days. Insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FROG. Jones Financial Companies Lllp increased its holdings in shares of JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after purchasing an additional 574 shares during the period. West Tower Group LLC bought a new position in shares of JFrog in the third quarter worth $116,000. KBC Group NV increased its holdings in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the period. BankPlus Trust Department bought a new position in shares of JFrog in the fourth quarter worth $131,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock worth $156,000 after purchasing an additional 5,297 shares during the period. 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.