JFrog Ltd. (NASDAQ:FROG) Receives Average Rating of "Moderate Buy" from Brokerages

JFrog Ltd. (NASDAQ:FROG - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eighteen analysts that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $37.72.

FROG has been the topic of several research analyst reports. UBS Group upped their price objective on shares of JFrog from $30.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Cantor Fitzgerald reissued an "overweight" rating and issued a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. TD Cowen lifted their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Truist Financial reissued a "buy" rating and issued a $35.00 target price (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. Finally, Needham & Company LLC raised their price target on JFrog from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, November 8th.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the company's stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the transaction, the chief executive officer now owns 4,975,229 shares in the company, valued at approximately $149,256,870. This represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eduard Grabscheid sold 834 shares of the company's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total value of $25,520.40. Following the completion of the sale, the chief financial officer now directly owns 97,260 shares in the company, valued at approximately $2,976,156. The trade was a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 256,921 shares of company stock worth $7,927,309. 15.70% of the stock is currently owned by company insiders.

Institutional Trading of JFrog

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. raised its holdings in JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after acquiring an additional 514,895 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of JFrog by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 79,345 shares of the company's stock worth $2,304,000 after purchasing an additional 3,507 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of JFrog by 99.2% in the third quarter. Sanctuary Advisors LLC now owns 9,972 shares of the company's stock worth $321,000 after purchasing an additional 4,967 shares during the last quarter. Ashford Capital Management Inc. lifted its holdings in shares of JFrog by 33.1% during the third quarter. Ashford Capital Management Inc. now owns 381,470 shares of the company's stock valued at $11,078,000 after purchasing an additional 94,840 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of JFrog by 1.6% during the third quarter. Geode Capital Management LLC now owns 135,642 shares of the company's stock valued at $3,939,000 after buying an additional 2,183 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Performance

JFrog stock traded down $0.69 during midday trading on Monday, hitting $30.17. 651,534 shares of the company's stock were exchanged, compared to its average volume of 1,234,915. The stock has a 50-day moving average price of $30.75 and a two-hundred day moving average price of $31.30. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81. The company has a market cap of $3.07 billion, a P/E ratio of -56.92 and a beta of 0.94.

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.