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

JFrog Ltd. (NASDAQ:FROG) has been assigned an average recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $37.72.

A number of brokerages recently commented on FROG. Piper Sandler dropped their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Barclays cut their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Stifel Nicolaus reduced their price target on JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Oppenheimer downgraded shares of JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Finally, Robert W. Baird increased their target price on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

JFrog Trading Down 0.7 %

FROG stock opened at $31.12 on Thursday. The business’s 50-day moving average price is $29.97 and its two-hundred day moving average price is $31.55. JFrog has a 1-year low of $22.91 and a 1-year high of $48.81. The firm has a market cap of $3.17 billion, a PE ratio of -58.72 and a beta of 0.93.

Insider Activity at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the sale, the chief executive officer now owns 5,027,493 shares of the company’s stock, valued at approximately $136,043,960.58. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the transaction, the director now owns 4,514,432 shares of the company’s stock, valued at $139,315,371.52. This trade represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 179,153 shares of company stock valued at $5,276,489. 15.70% of the stock is owned by insiders.

Institutional Trading of JFrog

Hedge funds have recently made changes to their positions in the company. Future Financial Wealth Managment LLC acquired a new position in shares of JFrog in the third quarter valued at approximately $29,000. Advisors Asset Management Inc. raised its stake in shares of JFrog by 33.9% during the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after acquiring an additional 662 shares during the last quarter. West Tower Group LLC acquired a new position in shares of JFrog during the third quarter worth $116,000. SG Americas Securities LLC bought a new stake in shares of JFrog in the second quarter worth $187,000. Finally, Sanctuary Advisors LLC acquired a new stake in JFrog in the second quarter valued at $188,000. 85.02% of the stock is owned by institutional investors and hedge funds.

About JFrog

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.