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

JFrog (NASDAQ:FROG)‘s stock had its “overweight” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $35.00 target price on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 19.17% from the company’s previous close.

A number of other research firms also recently weighed in on FROG. UBS Group decreased their price target on shares of JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Baird R W upgraded shares of JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. KeyCorp boosted their price target on shares of JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price target on shares of JFrog in a research report on Monday, September 16th. Finally, Canaccord Genuity Group cut their price objective on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. 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’s stock. According to MarketBeat.com, JFrog presently has an average rating of “Moderate Buy” and a consensus price target of $36.61.

JFrog Stock Down 2.5 %

FROG opened at $29.37 on Tuesday. The firm has a market capitalization of $2.99 billion, a P/E ratio of -65.27 and a beta of 0.94. The firm’s 50 day moving average is $28.62 and its 200-day moving average is $32.70. JFrog has a 52-week low of $21.45 and a 52-week high of $48.81.

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 analysts’ consensus estimates 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 company had revenue of $103.04 million for the quarter, compared to analyst estimates of $103.53 million. Equities analysts expect that JFrog will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ben Haim Shlomi sold 35,550 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the sale, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Ben Haim Shlomi sold 35,550 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the transaction, the chief executive officer now directly owns 4,975,229 shares in the company, valued at $149,256,870. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Tali Notman sold 11,621 shares of the company’s 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 $314,464.26. Following the transaction, the executive now owns 547,413 shares of the company’s stock, valued at approximately $14,812,995.78. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,031 shares of company stock worth $4,003,447. 15.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of JFrog by 1.6% in the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after purchasing an additional 577 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in JFrog by 17.0% in the third quarter. Harbor Capital Advisors Inc. now owns 20,124 shares of the company’s stock valued at $584,000 after acquiring an additional 2,930 shares during the period. VELA Investment Management LLC grew its position in JFrog by 17.7% in the third quarter. VELA Investment Management LLC now owns 92,461 shares of the company’s stock valued at $2,685,000 after acquiring an additional 13,916 shares during the period. US Bancorp DE grew its position in JFrog by 13.6% in the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock valued at $194,000 after acquiring an additional 798 shares during the period. Finally, Meitav Investment House Ltd. grew its position in JFrog by 0.6% in the third quarter. Meitav Investment House Ltd. now owns 882,005 shares of the company’s stock valued at $25,589,000 after acquiring an additional 5,377 shares during the period. 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.