By otakuyassine3@gmail.com 
Shares of JFrog Ltd. (NASDAQ:FROG – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. Three 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. The average 12-month target price among brokerages that have covered the stock in the last year is $41.06.
FROG has been the topic of a number of recent analyst reports. Needham & Company LLC increased their price target on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. KeyCorp reissued an “overweight” rating and set a $46.00 price target (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Truist Financial increased their price target on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Morgan Stanley increased their price target on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group increased their price target on JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th.
Get Our Latest Stock Analysis on JFrog
JFrog Stock Performance
Shares of NASDAQ:FROG opened at $33.57 on Friday. The business’s fifty day moving average price is $34.97 and its two-hundred day moving average price is $31.54. The stock has a market cap of $3.42 billion, a PE ratio of -53.29 and a beta of 0.95. JFrog has a one year low of $22.91 and a one year high of $46.65.
JFrog (NASDAQ:FROG – Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The company had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, equities research analysts predict that JFrog will post -0.33 earnings per share for the current fiscal year.
Insider Buying and Selling at JFrog
In other JFrog news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $31.78, for a total value of $1,112,300.00. Following the transaction, the director now directly owns 4,444,432 shares of the company’s stock, valued at $141,244,048.96. This trade represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $30.26, for a total value of $453,900.00. Following the completion of the transaction, the chief technology officer now directly owns 6,582,242 shares in the company, valued at $199,178,642.92. This trade represents a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 384,380 shares of company stock valued at $13,606,026 over the last three months. 15.70% of the stock is owned by company insiders.
Institutional Trading of JFrog
Several large investors have recently modified their holdings of FROG. North Peak Capital Management LLC acquired a new stake in shares of JFrog during the third quarter valued at about $73,417,000. TimesSquare Capital Management LLC grew its stake in shares of JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after acquiring an additional 1,617,551 shares in the last quarter. Norges Bank acquired a new stake in shares of JFrog during the fourth quarter valued at about $32,878,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of JFrog during the third quarter valued at about $32,401,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of JFrog during the fourth quarter valued at about $30,554,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Stories
Receive News & Ratings for JFrog Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JFrog and related companies with MarketBeat.com’s FREE daily email newsletter.