JFrog (NASDAQ:FROG) Given “Overweight” Rating at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of JFrog (NASDAQ:FROG) in a research report sent to investors on Monday morning,Benzinga reports. Cantor Fitzgerald currently has a $46.00 price objective on the stock.

Other analysts have also recently issued research reports about the stock. Morgan Stanley dropped their price objective on shares of JFrog from $44.00 to $39.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. KeyCorp reaffirmed an “overweight” rating and issued a $46.00 price target (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Needham & Company LLC boosted their price objective on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Stifel Nicolaus upped their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, DA Davidson reduced their price target on JFrog from $50.00 to $40.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.53.

JFrog Trading Down 1.2 %

Shares of JFrog stock opened at $34.40 on Monday. JFrog has a twelve month low of $22.91 and a twelve month high of $43.00. The firm has a market capitalization of $3.94 billion, a PE ratio of -54.60 and a beta of 0.97. The firm’s 50-day moving average price is $32.87 and its 200 day moving average price is $32.65.

JFrog (NASDAQ:FROG) last issued its quarterly 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). The firm had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. On average, sell-side analysts predict that JFrog will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Eduard Grabscheid sold 11,942 shares of the company’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $42.99, for a total transaction of $513,386.58. Following the sale, the chief financial officer now owns 172,406 shares of the company’s stock, valued at approximately $7,411,733.94. This represents a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $36.19, for a total value of $542,850.00. Following the completion of the transaction, the chief technology officer now owns 6,532,242 shares of the company’s stock, valued at approximately $236,401,837.98. 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 have sold 331,317 shares of company stock valued at $11,639,213. Corporate insiders own 14.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of JFrog during the fourth quarter worth $32,878,000. Raymond James Financial Inc. acquired a new position in shares of JFrog during the 4th quarter worth about $30,554,000. Mackenzie Financial Corp boosted its position in shares of JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock worth $58,703,000 after acquiring an additional 965,912 shares in the last quarter. Champlain Investment Partners LLC increased its holdings in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock valued at $71,961,000 after acquiring an additional 797,949 shares during the last quarter. Finally, Bamco Inc. NY acquired a new stake in shares of JFrog during the 4th quarter worth about $21,322,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Company Profile

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.