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

JFrog Ltd. (NASDAQ:FROG) has been given a consensus rating of “Moderate Buy” by the eighteen research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $37.72.

FROG has been the subject of several research reports. UBS Group raised their price target on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays decreased their target price on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. DA Davidson reaffirmed a “buy” rating and issued a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Robert W. Baird lifted their price objective on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC boosted their target price on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Insider Buying and Selling

In related news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $31.78, for a total value of $1,112,300.00. Following the transaction, the director now owns 4,444,432 shares in the company, valued at $141,244,048.96. This trade represents a 0.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75. Following the sale, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at $158,291,506.22. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,146 shares of company stock worth $8,544,054. 15.70% of the stock is currently owned by insiders.

Institutional Trading of JFrog

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the third quarter valued at approximately $29,000. West Tower Group LLC acquired a new position in JFrog during the 3rd quarter valued at $116,000. Sanctuary Advisors LLC bought a new stake in JFrog in the 2nd quarter valued at $188,000. US Bancorp DE grew its position in JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in JFrog in the 4th quarter worth $204,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Price Performance

NASDAQ:FROG opened at $32.78 on Friday. The stock has a market cap of $3.34 billion, a PE ratio of -61.85 and a beta of 0.95. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The stock’s 50-day moving average is $30.95 and its two-hundred day moving average is $30.92.

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.