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

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

Several research firms have commented on FROG. KeyCorp upped their price target on shares of JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. UBS Group upped their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and set a $35.00 target price (up from $33.00) on shares of JFrog in a report on Friday, November 8th. Baird R W raised shares of JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Finally, DA Davidson restated a “buy” rating and set a $40.00 price target on shares of JFrog in a research report on Monday, October 14th.

Insider Transactions at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $30.26, for a total transaction of $453,900.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yossi Sela sold 25,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total value of $796,500.00. Following the completion of the sale, the director now directly owns 355,129 shares of the company’s stock, valued at approximately $11,314,409.94. This represents a 6.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 256,921 shares of company stock valued at $7,927,309 over the last 90 days. 15.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its position in JFrog by 22.3% during the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock worth $115,791,000 after purchasing an additional 561,897 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of JFrog by 114.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after buying an additional 1,617,551 shares during the period. North Peak Capital Management LLC purchased a new stake in shares of JFrog in the 3rd quarter valued at approximately $73,417,000. Thrivent Financial for Lutherans increased its holdings in shares of JFrog by 33.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after buying an additional 593,478 shares during the last quarter. Finally, Wasatch Advisors LP raised its position in shares of JFrog by 6.2% during the 3rd quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock valued at $62,171,000 after buying an additional 124,420 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Up 1.0 %

JFrog stock opened at $30.86 on Monday. The stock has a 50-day moving average price of $30.75 and a 200 day moving average price of $31.31. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of -58.23 and a beta of 0.94. JFrog has a 52 week low of $22.91 and a 52 week high of $48.81.

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.