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

Shares of JFrog Ltd. (NASDAQ:FROGGet Rating) have been given a consensus recommendation of “Buy” by the nine research firms that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $41.00.

A number of research firms recently weighed in on FROG. Morgan Stanley lowered their price target on shares of JFrog from $43.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, February 14th. Oppenheimer lowered their price target on shares of JFrog from $55.00 to $45.00 in a report on Friday, February 11th. Stifel Nicolaus lowered their price target on shares of JFrog from $45.00 to $36.00 and set a “buy” rating for the company in a report on Monday, March 21st. Piper Sandler lowered their price target on shares of JFrog from $44.00 to $32.00 in a report on Thursday, January 6th. Finally, Needham & Company LLC decreased their price objective on shares of JFrog from $71.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, February 9th.

JFrog stock opened at $23.31 on Friday. JFrog has a 52-week low of $21.06 and a 52-week high of $53.51. The firm has a fifty day moving average of $24.61 and a 200-day moving average of $28.69. The firm has a market capitalization of $2.15 billion, a P/E ratio of -34.79 and a beta of 0.63.

JFrog (NASDAQ:FROGGet Rating) last released its quarterly earnings results on Thursday, February 10th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.06). The firm had revenue of $59.20 million for the quarter, compared to analyst estimates of $58.04 million. JFrog had a negative net margin of 31.06% and a negative return on equity of 8.23%. JFrog’s revenue for the quarter was up 38.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.04) earnings per share. Sell-side analysts forecast that JFrog will post -0.51 earnings per share for the current fiscal year.

In other news, CFO Yakov (Jacob) Shulman sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $22.94, for a total value of $137,640.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CRO Tali Notman sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $23.96, for a total transaction of $359,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,074 shares of company stock valued at $1,703,224. 38.30% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the stock. Insight Holdings Group LLC lifted its position in JFrog by 3.1% in the 4th quarter. Insight Holdings Group LLC now owns 4,748,122 shares of the company’s stock valued at $141,019,000 after purchasing an additional 142,333 shares during the last quarter. BlackRock Inc. lifted its position in JFrog by 3.1% in the 4th quarter. BlackRock Inc. now owns 2,922,164 shares of the company’s stock valued at $86,789,000 after purchasing an additional 88,376 shares during the last quarter. Capital Research Global Investors lifted its position in JFrog by 1,375.7% in the 4th quarter. Capital Research Global Investors now owns 2,632,599 shares of the company’s stock valued at $78,188,000 after purchasing an additional 2,454,199 shares during the last quarter. Spark Growth Management Partners II LLC bought a new stake in JFrog in the 4th quarter valued at about $62,826,000. Finally, Point72 Asset Management L.P. lifted its position in JFrog by 203.8% in the 4th quarter. Point72 Asset Management L.P. now owns 1,699,443 shares of the company’s stock valued at $50,473,000 after purchasing an additional 1,140,000 shares during the last quarter. Hedge funds and other institutional investors own 63.07% of the company’s stock.

JFrog Company Profile (Get Rating)

JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.

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Analyst Recommendations for JFrog (NASDAQ:FROG)

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