JFrog Ltd. (NASDAQ:FROG) Receives Average Recommendation of “Moderate Buy” from Analysts

JFrog Ltd. (NASDAQ:FROG) has been given an average recommendation of “Moderate Buy” by the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $37.72.

Several brokerages have recently issued reports on FROG. DA Davidson reiterated a “buy” rating and set a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th. Needham & Company LLC upped their price target on shares of JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 8th. TD Cowen raised 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. Barclays decreased their target price on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, November 11th. Finally, Baird R W upgraded JFrog to a “strong-buy” rating in a report on Tuesday, August 27th.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75. Following the transaction, the chief executive officer now owns 4,957,454 shares in the company, valued at approximately $158,291,506.22. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the completion of the transaction, the director now directly owns 4,514,432 shares of the company’s stock, valued at approximately $139,315,371.52. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 179,153 shares of company stock valued at $5,276,489 over the last 90 days. 15.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FROG. Bank of New York Mellon Corp grew its stake in shares of JFrog by 22.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after purchasing an additional 561,897 shares during the period. TimesSquare Capital Management LLC raised its holdings in shares of JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after buying an additional 1,617,551 shares during the last quarter. North Peak Capital Management LLC bought a new position in shares of JFrog in the third quarter worth about $73,417,000. Thrivent Financial for Lutherans raised its position in JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after purchasing an additional 593,478 shares during the last quarter. Finally, Wasatch Advisors LP lifted its stake in shares of JFrog by 6.2% during the third quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock valued at $62,171,000 after acquiring an additional 124,420 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Performance

FROG stock opened at $31.12 on Thursday. The stock’s fifty day moving average is $29.97 and its two-hundred day moving average is $31.55. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -58.72 and a beta of 0.93. JFrog has a 1 year low of $22.91 and a 1 year high of $48.81.

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.