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

JFrog Ltd. (NASDAQ:FROG) has been assigned an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $36.61.

Several equities analysts have recently issued reports on FROG shares. DA Davidson reissued a “buy” rating and issued a $40.00 price target on shares of JFrog in a report on Monday, October 14th. KeyCorp boosted their target price on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. TD Cowen raised their price target on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Oppenheimer lowered JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Finally, Truist Financial increased their target price on JFrog from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd.

JFrog Trading Up 2.2 %

NASDAQ FROG opened at $29.83 on Friday. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81. The company has a market capitalization of $3.04 billion, a PE ratio of -66.29 and a beta of 0.93. The stock has a 50-day simple moving average of $28.75 and a 200 day simple moving average of $32.59.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). The firm had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. As a group, sell-side analysts predict that JFrog will post -0.28 earnings per share for the current fiscal year.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the sale, the chief executive officer now owns 4,975,229 shares in the company, valued at $149,256,870. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the transaction, the chief executive officer now owns 4,975,229 shares of the company’s stock, valued at $149,256,870. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.68, for a total value of $385,200.00. Following the completion of the sale, the chief technology officer now directly owns 6,642,242 shares of the company’s stock, valued at approximately $170,572,774.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 141,031 shares of company stock valued at $4,003,447. 15.70% of the stock is owned by insiders.

Hedge Funds Weigh In On JFrog

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of JFrog by 7.4% in the first quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock valued at $335,141,000 after purchasing an additional 523,432 shares during the period. Bank of New York Mellon Corp raised its holdings in JFrog by 22.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after acquiring an additional 561,897 shares during the period. Lord Abbett & CO. LLC lifted its position in JFrog by 4.4% during the first quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock worth $76,160,000 after acquiring an additional 73,036 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of JFrog by 17.9% during the second quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock worth $62,904,000 after acquiring an additional 254,100 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of JFrog by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company’s stock valued at $62,636,000 after purchasing an additional 41,275 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

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.