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

JFrog Ltd. (NASDAQ:FROG) has received a consensus rating of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $41.06.

Several equities analysts recently weighed in on FROG shares. Truist Financial raised their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus boosted their target price on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Morgan Stanley upped their price target on shares of JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, February 14th. KeyCorp reiterated an “overweight” rating and set a $46.00 price objective (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 target price on shares of JFrog in a research note on Wednesday, February 12th.

Insider Activity

In related news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total value of $560,445.75. Following the completion of 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. This represents a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Eduard Grabscheid sold 2,152 shares of JFrog stock in a transaction on Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $75,320.00. Following the sale, the chief financial officer now directly owns 93,597 shares in the company, valued at approximately $3,275,895. This trade represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 439,104 shares of company stock worth $15,514,264 over the last 90 days. 15.70% of the stock is currently owned by company insiders.

Institutional Trading of JFrog

Large investors have recently bought and sold shares of the business. California State Teachers Retirement System grew its holdings in shares of JFrog by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 80,898 shares of the company’s stock valued at $2,379,000 after purchasing an additional 439 shares during the period. US Bancorp DE boosted its holdings in JFrog by 7.7% in the 4th quarter. US Bancorp DE now owns 7,199 shares of the company’s stock valued at $212,000 after purchasing an additional 512 shares during the last quarter. Snowden Capital Advisors LLC grew its stake in shares of JFrog by 4.2% in the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company’s stock valued at $409,000 after buying an additional 564 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after buying an additional 574 shares during the last quarter. Finally, Arizona State Retirement System raised its position in shares of JFrog by 2.6% during the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company’s stock valued at $800,000 after buying an additional 682 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Trading Up 1.3 %

NASDAQ:FROG opened at $32.40 on Wednesday. The company has a market capitalization of $3.30 billion, a P/E ratio of -51.43 and a beta of 0.95. JFrog has a 12 month low of $22.91 and a 12 month high of $44.61. The firm has a fifty day simple moving average of $35.56 and a 200-day simple moving average of $32.20.

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