Brokerages Set JFrog Ltd. (NASDAQ:FROG) Target Price at $36.61

JFrog Ltd. (NASDAQ:FROG) has received an average recommendation of “Moderate Buy” from the eighteen analysts that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $36.61.

A number of equities analysts recently issued reports on the stock. Scotiabank dropped their price objective on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating on the stock in a report on Thursday, August 8th. Robert W. Baird started coverage on shares of JFrog in a research note on Tuesday, August 27th. They set an “outperform” rating and a $32.00 price target on the stock. TD Cowen upped their price objective on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Oppenheimer downgraded JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Finally, Canaccord Genuity Group decreased their price objective on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th.

Insider Activity at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the transaction, the chief executive officer now owns 4,975,229 shares of the company’s stock, valued at approximately $149,256,870. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other JFrog news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $30.85, for a total transaction of $462,750.00. Following the completion of the sale, the chief technology officer now directly owns 6,612,242 shares in the company, valued at approximately $203,987,665.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 35,550 shares of JFrog 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 $149,256,870. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 141,031 shares of company stock valued at $4,003,447 over the last 90 days. Insiders own 15.70% of the company’s stock.

Institutional Trading of JFrog

Several large investors have recently bought and sold shares of FROG. Mackenzie Financial Corp increased its position in JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares during the last quarter. George Kaiser Family Foundation raised its position in shares of JFrog by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock valued at $2,818,000 after buying an additional 532 shares during the period. Van ECK Associates Corp grew its position in JFrog by 1.6% in the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after acquiring an additional 577 shares during the period. Advisors Asset Management Inc. increased its stake in JFrog by 33.9% during the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after acquiring an additional 662 shares during the last quarter. Finally, US Bancorp DE raised 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 purchasing an additional 798 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $30.43 on Friday. The firm’s 50 day moving average price is $28.81 and its 200-day moving average price is $32.49. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81. The company has a market cap of $3.10 billion, a PE ratio of -67.62 and a beta of 0.93.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. On average, analysts forecast that JFrog will post -0.28 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.