JFrog Ltd. (NASDAQ:FROG) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of JFrog Ltd. (NASDAQ:FROG - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $37.72.

A number of research firms have recently commented on FROG. Baird R W raised shares of JFrog to a "strong-buy" rating in a research report on Tuesday, August 27th. DA Davidson reissued a "buy" rating and set a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. Scotiabank lifted their price objective on JFrog from $25.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Friday, November 8th. UBS Group increased their target price on JFrog from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $35.00 price target (up from $33.00) on shares of JFrog in a research report on Friday, November 8th.

Insiders Place Their Bets

In related news, CEO Ben Haim Shlomi sold 35,550 shares of the firm's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the sale, the chief executive officer now owns 4,975,229 shares of the company's stock, valued at $149,256,870. This trade represents a 0.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 transaction, the chief financial officer now directly owns 97,260 shares in the company, valued at approximately $2,976,156. This represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 256,921 shares of company stock valued at $7,927,309. 15.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JFrog

Several hedge funds have recently added to or reduced their stakes in FROG. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company's stock valued at $25,963,000 after purchasing an additional 210,000 shares during the last quarter. Principal Financial Group Inc. boosted its stake in JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock valued at $41,757,000 after acquiring an additional 514,895 shares during the last quarter. North Peak Capital Management LLC acquired a new stake in JFrog during the 3rd quarter worth $73,417,000. Atom Investors LP raised its position in shares of JFrog by 57.0% during the 3rd quarter. Atom Investors LP now owns 66,449 shares of the company's stock valued at $1,930,000 after acquiring an additional 24,120 shares during the last quarter. Finally, Algert Global LLC lifted its stake in shares of JFrog by 60.0% in the 2nd quarter. Algert Global LLC now owns 131,900 shares of the company's stock valued at $4,953,000 after purchasing an additional 49,461 shares during the period. Institutional investors own 85.02% of the company's stock.

JFrog Price Performance

Shares of FROG stock traded down $0.69 during trading on Monday, reaching $30.17. The company had a trading volume of 651,534 shares, compared to its average volume of 1,234,915. The firm's 50 day simple moving average is $30.75 and its two-hundred day simple moving average is $31.30. JFrog has a one year low of $22.91 and a one year high of $48.81. The company has a market capitalization of $3.07 billion, a PE ratio of -56.92 and a beta of 0.94.

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.