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

JFrog Ltd. (NASDAQ:FROGGet Rating) has been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $30.43.

Several equities analysts have commented on the stock. Canaccord Genuity Group started coverage on shares of JFrog in a research note on Thursday, July 7th. They issued a “buy” rating and a $30.00 price target on the stock. Piper Sandler raised their price target on JFrog from $20.00 to $24.00 in a research report on Wednesday, July 13th. Stifel Nicolaus decreased their price target on JFrog from $36.00 to $29.00 in a research note on Tuesday, May 10th. Oppenheimer reduced their price target on JFrog from $45.00 to $37.00 in a research report on Tuesday, May 10th. Finally, Needham & Company LLC lowered their price target on JFrog from $32.00 to $23.00 in a report on Tuesday, May 10th.

JFrog Price Performance

FROG stock opened at $22.20 on Monday. JFrog has a 52 week low of $16.36 and a 52 week high of $46.75. The firm has a market capitalization of $2.16 billion, a P/E ratio of -28.46 and a beta of 0.37. The company has a fifty day simple moving average of $20.68 and a two-hundred day simple moving average of $22.69.

JFrog (NASDAQ:FROGGet Rating) last released its quarterly earnings results on Monday, May 9th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.01). JFrog had a negative net margin of 33.74% and a negative return on equity of 9.02%. The firm had revenue of $63.70 million during the quarter, compared to the consensus estimate of $61.32 million. As a group, analysts anticipate that JFrog will post -0.52 EPS for the current year.

Insider Transactions at JFrog

In related news, CFO Yakov (Jacob) Shulman sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $17.82, for a total value of $106,920.00. Following the sale, the chief financial officer now directly owns 320,922 shares in the company, valued at $5,718,830.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Yakov (Jacob) Shulman sold 6,000 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $17.82, for a total value of $106,920.00. Following the completion of the sale, the chief financial officer now directly owns 320,922 shares of the company’s stock, valued at approximately $5,718,830.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ben Haim Shlomi sold 18,875 shares of the stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $19.04, for a total value of $359,380.00. Following the transaction, the chief executive officer now owns 5,359,402 shares of the company’s stock, valued at approximately $102,043,014.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 31,136 shares of company stock worth $588,703. Corporate insiders own 33.70% of the company’s stock.

Institutional Trading of JFrog

A number of hedge funds have recently bought and sold shares of FROG. Capital Research Global Investors lifted its stake in shares of 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 purchased a new position in shares of JFrog in the 4th quarter valued at $62,826,000. Point72 Asset Management L.P. boosted its position in shares of JFrog by 203.8% in the 4th quarter. Point72 Asset Management L.P. now owns 1,699,443 shares of the company’s stock worth $50,473,000 after purchasing an additional 1,140,000 shares in the last quarter. Grandeur Peak Global Advisors LLC acquired a new stake in JFrog during the 4th quarter worth about $25,010,000. Finally, Bank of America Corp DE lifted its position in JFrog by 106.1% during the 1st quarter. Bank of America Corp DE now owns 773,444 shares of the company’s stock worth $20,844,000 after acquiring an additional 398,144 shares during the period. Hedge funds and other institutional investors own 65.75% 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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