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

Shares of JFrog Ltd. (NASDAQ:FROG) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $43.46.

FROG has been the subject of a number of research analyst reports. DA Davidson raised their price objective on shares of JFrog from $45.00 to $55.00 in a report on Thursday, March 7th. Morgan Stanley lifted their target price on shares of JFrog from $40.00 to $52.00 in a research note on Thursday, March 7th. TheStreet upgraded shares of JFrog from a “d+” rating to a “c-” rating in a research note on Friday, December 29th. Bank Of America (Bofa) boosted their price objective on shares of JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Finally, Truist Financial lifted their target price on shares of JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th.

JFrog Trading Up 0.1 %

JFrog stock opened at $37.49 on Wednesday. JFrog has a 1-year low of $17.11 and a 1-year high of $48.81. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of -62.48 and a beta of 0.99. The firm’s fifty day moving average price is $42.29 and its two-hundred day moving average price is $33.66.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. The company had revenue of $97.26 million for the quarter, compared to analyst estimates of $93.07 million. On average, research analysts forecast that JFrog will post -0.21 EPS for the current year.

Insider Transactions at JFrog

In related news, CFO Eduard Grabscheid sold 605 shares of JFrog stock in a transaction on Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $26,553.45. Following the transaction, the chief financial officer now directly owns 85,565 shares of the company’s stock, valued at $3,755,447.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Frederic Simon sold 150,000 shares of JFrog stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $47.27, for a total value of $7,090,500.00. Following the transaction, the director now directly owns 4,759,432 shares of the company’s stock, valued at $224,978,350.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Eduard Grabscheid sold 605 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $43.89, for a total transaction of $26,553.45. Following the transaction, the chief financial officer now directly owns 85,565 shares in the company, valued at $3,755,447.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 502,555 shares of company stock worth $22,219,617. 30.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming increased its position in JFrog by 11.4% during the 4th quarter. State of Wyoming now owns 5,102 shares of the company’s stock valued at $109,000 after purchasing an additional 523 shares during the period. Cornercap Investment Counsel Inc. grew its position in shares of JFrog by 1.2% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 45,767 shares of the company’s stock worth $1,584,000 after buying an additional 535 shares during the period. Advisors Asset Management Inc. grew its position in shares of JFrog by 148.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock worth $35,000 after buying an additional 829 shares during the period. Frazier Financial Advisors LLC purchased a new stake in shares of JFrog in the 4th quarter worth about $35,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog in the 1st quarter worth about $44,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.