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

Shares of JFrog Ltd. (NASDAQ:FROG – Get Rating) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $29.18.

A number of brokerages recently commented on FROG. Needham & Company LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of JFrog in a research note on Wednesday, March 8th. JPMorgan Chase & Co. raised their price target on JFrog from $28.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, February 6th. Bank of America raised JFrog from a “neutral” rating to a “buy” rating and raised their price objective for the company from $28.00 to $32.00 in a research report on Wednesday, January 4th. Cantor Fitzgerald assumed coverage on JFrog in a research report on Wednesday, January 25th. They set an “overweight” rating and a $29.00 price objective for the company. Finally, Piper Sandler lowered their price objective on JFrog from $26.00 to $24.00 and set a “neutral” rating for the company in a research report on Thursday, January 5th.

Insider Buying and Selling

In other JFrog news, Director Frederic Simon sold 45,000 shares of the business’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $23.35, for a total transaction of $1,050,750.00. Following the completion of the sale, the director now directly owns 5,522,134 shares in the company, valued at approximately $128,941,828.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other JFrog news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $21.25, for a total transaction of $318,750.00. Following the completion of the sale, the chief technology officer now directly owns 7,286,542 shares in the company, valued at approximately $154,839,017.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederic Simon sold 45,000 shares of JFrog stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $23.35, for a total value of $1,050,750.00. Following the transaction, the director now directly owns 5,522,134 shares in the company, valued at $128,941,828.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 246,554 shares of company stock worth $5,767,981. 33.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Stanley Laman Group Ltd. purchased a new position in shares of JFrog during the 3rd quarter valued at about $10,157,000. Algert Global LLC lifted its position in shares of JFrog by 76.4% during the 3rd quarter. Algert Global LLC now owns 110,572 shares of the company’s stock valued at $2,445,000 after buying an additional 47,886 shares in the last quarter. Laurion Capital Management LP lifted its position in shares of JFrog by 6.3% during the 2nd quarter. Laurion Capital Management LP now owns 15,951 shares of the company’s stock valued at $336,000 after buying an additional 950 shares in the last quarter. Wrapmanager Inc. lifted its holdings in JFrog by 8.5% in the 3rd quarter. Wrapmanager Inc. now owns 20,935 shares of the company’s stock worth $463,000 after purchasing an additional 1,645 shares in the last quarter. Finally, UBS Group AG lifted its holdings in JFrog by 111.2% in the 2nd quarter. UBS Group AG now owns 199,662 shares of the company’s stock worth $4,207,000 after purchasing an additional 105,138 shares in the last quarter. 53.34% of the stock is owned by hedge funds and other institutional investors.

JFrog Stock Down 2.6 %

Shares of FROG stock opened at $18.10 on Tuesday. The stock has a fifty day moving average of $23.24 and a 200 day moving average of $22.51. JFrog has a 52 week low of $16.36 and a 52 week high of $28.03. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -19.89 and a beta of 0.49.

About JFrog

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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.