JFrog Ltd. (NASDAQ:FROG) Given Average Rating of "Moderate Buy" by Analysts

Shares of JFrog Ltd. (NASDAQ:FROG - Get Free Report) have earned an average rating of "Moderate Buy" from the eighteen research firms that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $41.06.

A number of analysts have commented on the stock. Barclays increased their price target on shares of JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial boosted their price target on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Stifel Nicolaus upped their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Canaccord Genuity Group upped their price target on shares of JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, KeyCorp restated an "overweight" rating and set a $46.00 price objective (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th.

JFrog Price Performance

Shares of FROG traded down $0.03 during midday trading on Friday, hitting $33.54. The stock had a trading volume of 873,932 shares, compared to its average volume of 1,134,441. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of -53.24 and a beta of 0.95. The company has a 50 day simple moving average of $34.97 and a two-hundred day simple moving average of $31.54. JFrog has a twelve month low of $22.91 and a twelve month high of $46.65.

Remove Ads

JFrog (NASDAQ:FROG - Get Free Report) last posted 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 business had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. Analysts forecast that JFrog will post -0.33 EPS for the current fiscal year.

Insider Activity at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of the company's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $30.26, for a total value of $453,900.00. Following the sale, the chief technology officer now directly owns 6,582,242 shares of the company's stock, valued at approximately $199,178,642.92. This represents a 0.23 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the business's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total transaction of $560,445.75. Following the completion of the transaction, the chief executive officer now owns 4,884,584 shares in the company, valued at approximately $154,010,933.52. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 419,104 shares of company stock worth $14,796,364 over the last ninety days. Insiders own 15.70% of the company's stock.

Institutional Investors Weigh In On JFrog

Large investors have recently added to or reduced their stakes in the business. US Bancorp DE grew its position in shares of JFrog by 13.6% during the 3rd 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. Van ECK Associates Corp grew its holdings in JFrog by 1.6% in the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company's stock worth $1,093,000 after purchasing an additional 577 shares during the period. Principal Financial Group Inc. grew its holdings in JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after purchasing an additional 514,895 shares during the period. Olympiad Research LP bought a new stake in JFrog in the third quarter valued at $229,000. Finally, Assetmark Inc. raised its holdings in shares of JFrog by 13.8% during the third quarter. Assetmark Inc. now owns 58,105 shares of the company's stock valued at $1,687,000 after purchasing an additional 7,049 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

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.