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

JFrog Ltd. (NASDAQ:FROG) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the company, Marketbeat reports. Three investment 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 1-year target price among brokerages that have updated their coverage on the stock in the last year is $41.06.

FROG has been the topic of several research analyst reports. Truist Financial increased their target price on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Morgan Stanley increased their target price on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Stifel Nicolaus increased their target price on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Needham & Company LLC increased their target price on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th.

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total value of $560,445.75. Following the sale, the chief executive officer now directly owns 4,884,584 shares in the company, valued at approximately $154,010,933.52. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $31.55, for a total transaction of $473,250.00. Following the completion of the sale, the chief technology officer now owns 6,567,242 shares in the company, valued at approximately $207,196,485.10. This trade represents a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 439,104 shares of company stock worth $15,514,264. Insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

Several institutional investors have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp grew its stake in shares of 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 acquiring an additional 574 shares in the last quarter. West Tower Group LLC acquired a new position in shares of JFrog during the 3rd quarter worth about $116,000. KBC Group NV boosted its stake in shares of 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 buying an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new position in shares of JFrog in the 4th quarter valued at about $131,000. Finally, Tower Research Capital LLC TRC increased its position in shares of JFrog by 33,106.3% in the fourth 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 during the last quarter. 85.02% of the stock is owned by institutional investors.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $33.58 on Friday. JFrog has a 52 week low of $22.91 and a 52 week high of $46.65. The company’s fifty day moving average is $35.23 and its 200-day moving average is $31.66. The company has a market capitalization of $3.42 billion, a PE ratio of -53.30 and a beta of 0.95.

JFrog (NASDAQ:FROG) last issued 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 net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. On average, analysts forecast that JFrog will post -0.33 EPS for the current year.

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.