JFrog Ltd. (NASDAQ:FROG) Receives Consensus Rating of “Moderate Buy” from Brokerages

JFrog Ltd. (NASDAQ:FROG) has been assigned an average rating of “Moderate Buy” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $43.93.

FROG has been the topic of several analyst reports. DA Davidson raised their target price on JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. Oppenheimer increased their price target on JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. Truist Financial increased their price target on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. UBS Group initiated coverage on JFrog in a research note on Wednesday, May 22nd. They set a “buy” rating and a $41.00 price target for the company. Finally, FBN Securities started coverage on JFrog in a research note on Wednesday, May 22nd. They set an “outperform” rating and a $45.00 price target for the company.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 57,550 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $163,154,559.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CEO Ben Haim Shlomi sold 57,550 shares of JFrog stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $32.32, for a total transaction of $1,860,016.00. Following the sale, the chief executive officer now directly owns 5,048,099 shares of the company’s stock, valued at $163,154,559.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total value of $1,363,950.00. Following the sale, the director now directly owns 4,654,432 shares in the company, valued at $181,383,215.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 241,048 shares of company stock valued at $8,433,115. 15.70% of the stock is owned by insiders.

Institutional Investors Weigh In On JFrog

A number of institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd bought a new position in shares of JFrog in the fourth quarter valued at approximately $2,206,000. Syon Capital LLC bought a new position in JFrog in the 4th quarter worth approximately $22,086,000. Vanguard Group Inc. raised its position in JFrog by 10.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after purchasing an additional 679,007 shares during the last quarter. Dimensional Fund Advisors LP raised its position in JFrog by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,575,867 shares of the company’s stock worth $54,542,000 after purchasing an additional 145,465 shares during the last quarter. Finally, Flight Deck Capital LP bought a new position in JFrog in the 4th quarter worth approximately $3,357,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Stock Performance

Shares of FROG opened at $37.55 on Monday. The company has a market capitalization of $3.83 billion, a P/E ratio of -79.89 and a beta of 0.93. JFrog has a one year low of $21.38 and a one year high of $48.81. The stock has a 50-day moving average price of $35.28 and a 200 day moving average price of $37.29.

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

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.