Analysts Set JFrog Ltd. (NASDAQ:FROG) Target Price at $37.72

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

FROG has been the subject of a number of recent research reports. DA Davidson reissued a "buy" rating and set a $40.00 price target on shares of JFrog in a research report on Monday, October 14th. Scotiabank lifted their price target on shares of JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday, November 8th. Bank of America lowered their price target on shares of JFrog from $54.00 to $44.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Barclays lowered their price target on shares of JFrog from $40.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, November 11th. Finally, Truist Financial reissued a "buy" rating and set a $35.00 price target (up from $33.00) on shares of JFrog in a research report on Friday, November 8th.

Insider Activity

In other news, Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the transaction, the director now owns 4,514,432 shares in the company, valued at $139,315,371.52. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Tali Notman sold 10,699 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $28.29, for a total transaction of $302,674.71. Following the sale, the executive now owns 536,714 shares of the company's stock, valued at $15,183,639.06. This trade represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 179,153 shares of company stock valued at $5,276,489 in the last ninety days. 15.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JFrog

Hedge funds and other institutional investors have recently modified their holdings of the stock. Future Financial Wealth Managment LLC purchased a new position in JFrog during the third quarter valued at $29,000. Advisors Asset Management Inc. raised its stake in shares of JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company's stock worth $116,000 after buying an additional 662 shares during the period. West Tower Group LLC purchased a new position in shares of JFrog during the 3rd quarter valued at about $116,000. SG Americas Securities LLC bought a new position in shares of JFrog during the 2nd quarter valued at approximately $187,000. Finally, Sanctuary Advisors LLC purchased a new stake in JFrog in the 2nd quarter worth approximately $188,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Stock Down 0.7 %

Shares of FROG traded down $0.21 during trading hours on Thursday, reaching $31.12. 526,351 shares of the company traded hands, compared to its average volume of 1,253,964. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -58.72 and a beta of 0.93. The company's fifty day moving average price is $30.03 and its two-hundred day moving average price is $31.55.

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.