JFrog’s (FROG) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of JFrog (NASDAQ:FROG) in a report published on Wednesday morning,Benzinga reports. The firm currently has a $38.00 price target on the stock.

FROG has been the subject of several other research reports. UBS Group increased their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird upped their price target on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and set a $35.00 price target (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. Scotiabank upped their price target on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC upped their price target on shares of JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. 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 stock. According to MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and an average price target of $42.17.

JFrog Stock Up 5.5 %

JFrog stock opened at $39.80 on Wednesday. The stock has a market capitalization of $4.05 billion, a PE ratio of -75.09 and a beta of 0.97. JFrog has a twelve month low of $22.91 and a twelve month high of $48.81. The company has a 50 day moving average of $32.62 and a 200-day moving average of $30.70.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. Equities analysts anticipate that JFrog will post -0.32 EPS for the current fiscal year.

Insider Buying and Selling

In other JFrog news, CTO Yoav Landman sold 24,652 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $37.43, for a total transaction of $922,724.36. Following the sale, the chief technology officer now directly owns 6,526,901 shares in the company, valued at $244,301,904.43. This represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $36.73, for a total transaction of $652,875.75. Following the sale, the chief executive officer now owns 4,866,809 shares in the company, valued at $178,757,894.57. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 411,685 shares of company stock valued at $13,720,965. 15.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Jones Financial Companies Lllp raised its holdings in JFrog by 91.1% during the 4th 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 last quarter. West Tower Group LLC bought a new position in JFrog during the 3rd quarter worth approximately $116,000. KBC Group NV raised its holdings in JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new position in JFrog during the 4th quarter worth approximately $131,000. Finally, Tower Research Capital LLC TRC raised its holdings in JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock worth $156,000 after purchasing an additional 5,297 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

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.