JFrog (NASDAQ:FROG) Research Coverage Started at Barclays

Barclays began coverage on shares of JFrog (NASDAQ:FROG) in a report published on Wednesday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $50.00 price objective on the stock.

Other research analysts have also issued reports about the company. Oppenheimer increased their price objective on JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. Cantor Fitzgerald increased their price objective on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. DA Davidson increased their price objective on JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. UBS Group initiated coverage on JFrog in a research report on Wednesday, May 22nd. They issued a buy rating and a $41.00 price objective for the company. Finally, Truist Financial increased their price objective on JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $43.93.

JFrog Price Performance

FROG stock opened at $35.81 on Wednesday. The business has a 50 day simple moving average of $35.30 and a 200-day simple moving average of $37.14. The firm has a market capitalization of $3.65 billion, a PE ratio of -76.19 and a beta of 0.93. JFrog has a 1 year low of $21.38 and a 1 year high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.05). The business had revenue of $100.31 million during the quarter, compared to analyst estimates of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. On average, equities research analysts expect that JFrog will post -0.21 EPS for the current year.

Insider Activity

In other news, CTO Yoav Landman sold 2,250 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $35.28, for a total value of $79,380.00. Following the sale, the chief technology officer now directly owns 6,744,892 shares in the company, valued at $237,959,789.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other JFrog news, CEO Ben Haim Shlomi sold 57,550 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $32.32, for a total value of $1,860,016.00. Following the sale, the chief executive officer now directly owns 5,048,099 shares in the company, valued at $163,154,559.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Yoav Landman sold 2,250 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $35.28, for a total value of $79,380.00. Following the completion of the sale, the chief technology officer now owns 6,744,892 shares in the company, valued at $237,959,789.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 240,648 shares of company stock worth $8,419,115. Corporate insiders own 15.70% of the company’s stock.

Institutional Trading of JFrog

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Cornercap Investment Counsel Inc. raised its stake in JFrog by 1.2% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 45,767 shares of the company’s stock valued at $1,584,000 after buying an additional 535 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in JFrog in the first quarter valued at $26,000. Advisors Asset Management Inc. raised its stake in JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after buying an additional 662 shares in the last quarter. Lazard Asset Management LLC raised its stake in JFrog by 6.0% in the first quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock valued at $686,000 after buying an additional 879 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in JFrog in the fourth quarter valued at $35,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Company Profile

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.