JFrog (NASDAQ:FROG) Given "Overweight" Rating at Cantor Fitzgerald

JFrog (NASDAQ:FROG - Get Free Report)'s stock had its "overweight" rating reissued by Cantor Fitzgerald in a note issued to investors on Tuesday, Benzinga reports. They currently have a $35.00 target price on the stock. Cantor Fitzgerald's price target would indicate a potential upside of 16.24% from the company's current price.

Several other brokerages also recently issued reports on FROG. Morgan Stanley cut their target price on shares of JFrog from $47.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Bank of America lowered their price target on shares of JFrog from $54.00 to $44.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Baird R W raised shares of JFrog to a "strong-buy" rating in a report on Tuesday, August 27th. Oppenheimer cut shares of JFrog from an "outperform" rating to a "market perform" rating in a report on Thursday, August 8th. Finally, Canaccord Genuity Group lowered their price target on shares of JFrog from $48.00 to $38.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $36.61.

JFrog Trading Up 2.7 %

Shares of JFrog stock traded up $0.79 during trading hours on Tuesday, reaching $30.11. 532,913 shares of the company's stock were exchanged, compared to its average volume of 1,278,968. The company has a 50 day moving average of $28.52 and a two-hundred day moving average of $32.78. JFrog has a fifty-two week low of $21.40 and a fifty-two week high of $48.81. The stock has a market cap of $3.07 billion, a P/E ratio of -66.18 and a beta of 0.94.

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

Insider Buying and Selling

In related news, CTO Yoav Landman sold 15,000 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.68, for a total transaction of $385,200.00. Following the sale, the chief technology officer now owns 6,642,242 shares in the company, valued at approximately $170,572,774.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the firm's stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 $136,043,960.58. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Yoav Landman sold 15,000 shares of the firm's stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.68, for a total transaction of $385,200.00. Following the completion of the sale, the chief technology officer now owns 6,642,242 shares in the company, valued at $170,572,774.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,031 shares of company stock worth $5,103,847. Corporate insiders own 15.70% of the company's stock.

Institutional Trading of JFrog

A number of hedge funds have recently added to or reduced their stakes in FROG. 1832 Asset Management L.P. boosted its position in JFrog by 285.1% in the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company's stock valued at $62,885,000 after buying an additional 1,052,800 shares in the last quarter. Meitav Investment House Ltd. lifted its holdings in shares of JFrog by 4,244.7% during the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company's stock worth $32,903,000 after purchasing an additional 856,451 shares during the period. American Century Companies Inc. lifted its holdings in shares of JFrog by 172.5% during the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company's stock worth $49,943,000 after purchasing an additional 841,956 shares during the period. Ensign Peak Advisors Inc acquired a new position in shares of JFrog during the second quarter worth $30,098,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of JFrog by 22.3% during the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company's stock worth $115,791,000 after purchasing an additional 561,897 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.