Brokerages Set JFrog Ltd. (NASDAQ:FROG) PT at $37.72

Shares of JFrog Ltd. (NASDAQ:FROG) have earned an average rating of “Moderate Buy” from the eighteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three investment 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 analysts that have issued a report on the stock in the last year is $37.72.

A number of analysts have commented on the company. UBS Group lifted their price target on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. DA Davidson reaffirmed a “buy” rating and set a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Robert W. Baird increased their price target on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Scotiabank lifted their price objective on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC upped their price objective on shares of JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 8th.

JFrog Trading Up 1.1 %

NASDAQ:FROG opened at $30.49 on Monday. The company has a market capitalization of $3.11 billion, a P/E ratio of -57.53 and a beta of 0.94. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81. The firm has a fifty day simple moving average of $30.68 and a 200-day simple moving average of $31.26.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $30.26, for a total transaction of $453,900.00. Following the transaction, the chief technology officer now owns 6,582,242 shares in the company, valued at approximately $199,178,642.92. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Eduard Grabscheid sold 834 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total value of $25,520.40. Following the transaction, the chief financial officer now directly owns 97,260 shares in the company, valued at $2,976,156. This trade represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 256,921 shares of company stock valued at $7,927,309. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

A number of hedge funds have recently modified their holdings of FROG. Future Financial Wealth Managment LLC acquired a new position in JFrog in the 3rd quarter valued at about $29,000. West Tower Group LLC purchased a new stake in shares of JFrog during the 3rd quarter valued at approximately $116,000. SG Americas Securities LLC purchased a new stake in shares of JFrog during the 2nd quarter valued at approximately $187,000. Sanctuary Advisors LLC acquired a new position in JFrog in the second quarter valued at approximately $188,000. Finally, 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 worth $194,000 after acquiring an additional 798 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

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.