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

Shares of JFrog Ltd. (NASDAQ:FROG) have earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $41.06.

FROG has been the topic of a number of research reports. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. Morgan Stanley increased their target price on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Stifel Nicolaus raised their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. KeyCorp reiterated an “overweight” rating and set a $46.00 price target (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, Truist Financial increased 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.

JFrog Trading Up 1.3 %

Shares of NASDAQ:FROG opened at $32.40 on Wednesday. The business has a 50-day moving average price of $35.56 and a 200 day moving average price of $32.20. JFrog has a 12-month low of $22.91 and a 12-month high of $44.61. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of -51.43 and a beta of 0.95.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. As a group, equities research analysts predict that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $33.48, for a total value of $1,171,800.00. Following the transaction, the director now directly owns 4,374,432 shares in the company, valued at $146,455,983.36. This represents a 0.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 2,152 shares of the business’s stock in a transaction that occurred 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 owns 93,597 shares of the company’s stock, valued at $3,275,895. This represents a 2.25 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 439,104 shares of company stock valued at $15,514,264. Insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FROG. D.A. Davidson & CO. purchased a new position in JFrog during the 3rd quarter worth approximately $444,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of JFrog by 13.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,848 shares of the company’s stock valued at $809,000 after acquiring an additional 3,235 shares during the period. Atom Investors LP grew its position in shares of JFrog by 57.0% during the third quarter. Atom Investors LP now owns 66,449 shares of the company’s stock worth $1,930,000 after acquiring an additional 24,120 shares during the last quarter. Praesidium Investment Management Company LLC increased its holdings in shares of JFrog by 34.7% in the 3rd quarter. Praesidium Investment Management Company LLC now owns 1,581,670 shares of the company’s stock valued at $45,932,000 after acquiring an additional 407,492 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in JFrog in the 3rd quarter valued at $6,486,000. 85.02% of the stock is owned by hedge funds and other 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.