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

Shares of JFrog Ltd. (NASDAQ:FROG - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eighteen ratings firms that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $41.06.

Several research firms have recently issued reports on FROG. Barclays upped their price target on JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Needham & Company LLC upped their price objective on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Truist Financial raised their target price on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Stifel Nicolaus boosted their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group raised their price target on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th.

JFrog Price Performance

FROG traded down $1.96 on Wednesday, reaching $29.08. 1,225,300 shares of the company traded hands, compared to its average volume of 1,152,328. JFrog has a 52-week low of $22.91 and a 52-week high of $43.67. The company has a market cap of $3.33 billion, a price-to-earnings ratio of -46.16 and a beta of 0.98. The stock's 50 day moving average price is $35.36 and its 200-day moving average price is $32.26.

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JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. As a group, equities research analysts forecast that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total transaction of $560,445.75. Following the sale, the chief executive officer now owns 4,884,584 shares in the company, valued at approximately $154,010,933.52. This represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Yossi Sela sold 14,300 shares of JFrog stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total value of $579,436.00. Following the completion of the transaction, the director now directly owns 306,277 shares of the company's stock, valued at $12,410,344.04. This represents a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 439,104 shares of company stock worth $15,514,264 in the last quarter. 15.70% of the stock is owned by corporate insiders.

Institutional Trading of JFrog

Several hedge funds have recently modified their holdings of FROG. Jones Financial Companies Lllp raised its position in JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares during the last quarter. KBC Group NV raised its position in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after acquiring an additional 1,105 shares during the last quarter. BankPlus Trust Department acquired a new position in shares of JFrog during the fourth quarter valued at $131,000. Tower Research Capital LLC TRC boosted its holdings in JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after acquiring an additional 5,297 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in JFrog in the fourth quarter worth about $193,000. 85.02% of the stock is owned by institutional investors.

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.