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

JFrog Ltd. (NASDAQ:FROG) has been assigned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $43.46.

A number of equities analysts have issued reports on the company. Truist Financial increased their price target on JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. Cantor Fitzgerald raised their target price on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Bank Of America (Bofa) raised their target price on JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. Scotiabank initiated coverage on JFrog in a research report on Thursday, March 7th. They issued a “buy” rating on the stock. Finally, Morgan Stanley raised their target price on JFrog from $40.00 to $52.00 in a research report on Thursday, March 7th.

Insider Activity at JFrog

In related news, Director Yossi Sela sold 45,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $42.87, for a total value of $1,929,150.00. Following the completion of the sale, the director now owns 380,312 shares of the company’s stock, valued at $16,303,975.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other JFrog news, Director Yossi Sela sold 45,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $42.87, for a total transaction of $1,929,150.00. Following the completion of the sale, the director now owns 380,312 shares of the company’s stock, valued at $16,303,975.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CRO Tali Notman sold 6,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $31.34, for a total value of $188,040.00. Following the sale, the executive now directly owns 545,755 shares of the company’s stock, valued at approximately $17,103,961.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 472,555 shares of company stock valued at $20,934,357. 30.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JFrog

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FROG. Bank of New York Mellon Corp increased its stake in JFrog by 48.8% during the third quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock worth $100,710,000 after acquiring an additional 1,302,699 shares during the last quarter. Lord Abbett & CO. LLC grew its stake in shares of JFrog by 243.0% in the third quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company’s stock valued at $40,963,000 after buying an additional 1,144,315 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of JFrog by 455.1% in the second quarter. Goldman Sachs Group Inc. now owns 1,097,340 shares of the company’s stock valued at $23,121,000 after buying an additional 899,673 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of JFrog by 695.4% in the second quarter. Point72 Asset Management L.P. now owns 979,900 shares of the company’s stock valued at $27,143,000 after buying an additional 856,700 shares in the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of JFrog by 57.8% in the fourth quarter. Voya Investment Management LLC now owns 2,059,047 shares of the company’s stock valued at $71,264,000 after buying an additional 754,333 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Trading Up 0.7 %

Shares of FROG stock opened at $44.22 on Friday. The company has a market capitalization of $4.51 billion, a P/E ratio of -73.70 and a beta of 0.99. The business’s 50 day moving average is $40.48 and its two-hundred day moving average is $32.30. JFrog has a 12-month low of $17.11 and a 12-month high of $48.81.

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

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.