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

Shares of JFrog Ltd. (NASDAQ:FROG - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Three research 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 target price among brokers that have covered the stock in the last year is $36.61.

Several brokerages recently commented on FROG. KeyCorp lifted their target price on shares of JFrog from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. Scotiabank cut their price objective on JFrog from $40.00 to $25.00 and set a "sector perform" rating for the company in a research report on Thursday, August 8th. Stifel Nicolaus decreased their target price on JFrog from $45.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Robert W. Baird started coverage on JFrog in a research report on Tuesday, August 27th. They issued an "outperform" rating and a $32.00 price target on the stock. Finally, DA Davidson reissued a "buy" rating and issued a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th.

JFrog Price Performance

NASDAQ:FROG traded up $0.65 during trading hours on Friday, reaching $29.83. The company's stock had a trading volume of 720,641 shares, compared to its average volume of 1,044,046. The company has a market cap of $3.04 billion, a price-to-earnings ratio of -66.29 and a beta of 0.93. JFrog has a one year low of $22.91 and a one year high of $48.81. The business's 50-day moving average is $28.75 and its 200-day moving average is $32.55.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). The company had revenue of $103.04 million during the quarter, compared to the consensus estimate of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. On average, sell-side analysts predict that JFrog will post -0.28 EPS for the current fiscal year.

Insider Activity at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $557,598.36. Following the completion of the transaction, the chief executive officer now directly owns 5,027,493 shares of the company's stock, valued at approximately $136,043,960.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.68, for a total value of $385,200.00. Following the completion of the transaction, the chief technology officer now owns 6,642,242 shares in the company, valued at approximately $170,572,774.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 20,606 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $557,598.36. Following the sale, the chief executive officer now owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 141,031 shares of company stock valued at $4,003,447 in the last 90 days. 15.70% of the stock is owned by corporate insiders.

Institutional Trading of JFrog

Several large investors have recently made changes to their positions in FROG. Future Financial Wealth Managment LLC bought a new stake in JFrog during the 3rd quarter worth about $29,000. Advisors Asset Management Inc. raised its position in JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company's stock worth $116,000 after purchasing an additional 662 shares during the last quarter. RiverPark Advisors LLC bought a new position in JFrog in the 1st quarter worth approximately $140,000. Duality Advisers LP acquired a new position in JFrog during the 1st quarter worth $205,000. Finally, SG Americas Securities LLC acquired a new stake in shares of JFrog in the 2nd quarter valued at $187,000. Institutional investors 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.