JFrog Ltd. (NASDAQ:FROG) Receives Average Recommendation of "Moderate Buy" from Analysts

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

A number of research firms recently weighed in on FROG. Robert W. Baird upped their price target on JFrog from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Truist Financial reissued a "buy" rating and issued a $35.00 target price (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $35.00 price target on shares of JFrog in a research note on Tuesday, October 29th. TD Cowen boosted their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a "buy" rating in a research report on Monday, October 28th. Finally, Barclays dropped their target price on shares of JFrog from $40.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, November 11th.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75. Following the transaction, the chief executive officer now owns 4,957,454 shares of the company's stock, valued at $158,291,506.22. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of $31.78, for a total transaction of $1,112,300.00. Following the sale, the director now directly owns 4,444,432 shares of the company's stock, valued at $141,244,048.96. This represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 274,146 shares of company stock valued at $8,544,054. Insiders own 15.70% of the company's stock.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its holdings in shares of JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company's stock worth $219,000 after purchasing an additional 384 shares during the period. Van ECK Associates Corp lifted its position in JFrog by 1.6% during the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company's stock valued at $1,093,000 after buying an additional 577 shares in the last quarter. US Bancorp DE grew its stake in JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company's stock worth $194,000 after buying an additional 798 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of JFrog in the third quarter worth $29,000. Finally, Wrapmanager Inc. lifted its holdings in shares of JFrog by 13.5% during the 3rd quarter. Wrapmanager Inc. now owns 9,769 shares of the company's stock valued at $284,000 after acquiring an additional 1,161 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Price Performance

JFrog stock traded down $0.03 during mid-day trading on Friday, reaching $32.75. The company had a trading volume of 1,388,160 shares, compared to its average volume of 945,951. The stock's 50-day simple moving average is $30.95 and its 200-day simple moving average is $30.94. JFrog has a 1 year low of $22.91 and a 1 year high of $48.81. The company has a market capitalization of $3.34 billion, a P/E ratio of -61.79 and a beta of 0.95.

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.