JFrog (NASDAQ:FROG) Coverage Initiated at Raymond James

Raymond James assumed coverage on shares of JFrog (NASDAQ:FROG) in a research report released on Friday, Marketbeat Ratings reports. The firm issued an outperform rating and a $40.00 price objective on the stock.

A number of other analysts also recently weighed in on FROG. Morgan Stanley increased their target price on shares of JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Barclays raised their target price on JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. Canaccord Genuity Group upped their price target on JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Needham & Company LLC lifted their price objective on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 14th. Three investment 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

JFrog Stock Performance

NASDAQ:FROG opened at $31.01 on Friday. The stock’s 50-day simple moving average is $34.59 and its 200 day simple moving average is $32.30. The company has a market cap of $3.55 billion, a P/E ratio of -49.22 and a beta of 0.98. JFrog has a 52-week low of $22.91 and a 52-week high of $43.00.

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

Insider Transactions at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 2,152 shares of JFrog stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $75,320.00. Following the completion of the transaction, the chief financial officer now owns 93,597 shares of the company’s stock, valued at $3,275,895. The trade was a 2.25 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $30.04, for a total transaction of $533,961.00. Following the completion of the sale, the chief executive officer now directly owns 4,929,755 shares in the company, valued at approximately $148,089,840.20. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 444,104 shares of company stock worth $15,587,729. 15.70% of the stock is owned by company insiders.

Institutional Trading of JFrog

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in shares of JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after purchasing an additional 574 shares during the period. KBC Group NV grew its position in JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after buying an additional 1,105 shares in the last quarter. BankPlus Trust Department bought a new position in JFrog in the 4th quarter worth about $131,000. Tower Research Capital LLC TRC raised its holdings in shares of JFrog by 33,106.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock valued at $156,000 after acquiring an additional 5,297 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of JFrog in the 4th quarter valued at about $193,000. Institutional investors own 85.02% of the company’s stock.

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.