JFrog Ltd. (NASDAQ:FROG) Receives $36.28 Average PT from Brokerages

JFrog Ltd. (NASDAQ:FROG) has been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $36.28.

Several equities analysts have issued reports on FROG shares. KeyCorp upped their price target on shares of JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Robert W. Baird assumed coverage on JFrog in a research report on Tuesday, August 27th. They set an “outperform” rating and a $32.00 target price for the company. Scotiabank reduced their price target on JFrog from $40.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 8th. Bank of America lowered their price objective on JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, TD Cowen reduced their target price on JFrog from $50.00 to $32.00 and set a “buy” rating on the stock in a report on Thursday, August 8th.

JFrog Stock Up 0.5 %

Shares of FROG stock opened at $28.14 on Friday. JFrog has a twelve month low of $21.38 and a twelve month high of $48.81. The stock’s fifty day simple moving average is $31.41 and its 200 day simple moving average is $35.71. The firm has a market capitalization of $2.87 billion, a P/E ratio of -59.87 and a beta of 0.93.

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

Insider Activity at JFrog

In other news, CTO Yoav Landman sold 16,277 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $36.66, for a total value of $596,714.82. Following the completion of the sale, the chief technology officer now directly owns 6,697,242 shares of the company’s stock, valued at $245,520,891.72. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CTO Yoav Landman sold 16,277 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $36.66, for a total transaction of $596,714.82. Following the transaction, the chief technology officer now directly owns 6,697,242 shares in the company, valued at $245,520,891.72. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Tali Notman sold 5,882 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $37.51, for a total transaction of $220,633.82. Following the completion of the sale, the executive now owns 559,034 shares of the company’s stock, valued at approximately $20,969,365.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 203,040 shares of company stock valued at $6,818,795. 15.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On JFrog

Several large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. bought a new stake in shares of JFrog in the 2nd quarter worth approximately $6,576,000. Quadrature Capital Ltd bought a new stake in shares of JFrog in the fourth quarter valued at $2,206,000. Russell Investments Group Ltd. lifted its position in shares of JFrog by 394.2% during the 1st quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock valued at $1,268,000 after buying an additional 22,864 shares during the last quarter. Syon Capital LLC bought a new stake in JFrog in the 4th quarter valued at about $22,086,000. Finally, Thornburg Investment Management Inc. purchased a new stake in JFrog during the first quarter valued at about $5,337,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.