JFrog Ltd. (NASDAQ:FROG) Given Consensus Recommendation of “Moderate Buy” by Brokerages

JFrog Ltd. (NASDAQ:FROG) has been given a consensus recommendation of “Moderate Buy” by the twelve analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $43.46.

Several equities analysts have recently commented on FROG shares. TheStreet upgraded JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. KeyCorp initiated coverage on JFrog in a research report on Tuesday, March 19th. They set an “overweight” rating and a $52.00 price target on the stock. Scotiabank initiated coverage on JFrog in a research report on Thursday, March 7th. They set a “buy” rating on the stock. Oppenheimer raised their price target on JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. Finally, Bank Of America (Bofa) raised their price target on JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th.

JFrog Trading Up 3.8 %

Shares of JFrog stock opened at $39.17 on Wednesday. The firm has a market capitalization of $3.99 billion, a PE ratio of -65.28 and a beta of 0.99. The business’s 50-day moving average price is $42.36 and its 200-day moving average price is $34.13. JFrog has a 12 month low of $17.11 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $97.26 million for the quarter, compared to analyst estimates of $93.07 million. JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. As a group, analysts predict that JFrog will post -0.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 150,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $47.27, for a total value of $7,090,500.00. Following the completion of the sale, the director now owns 4,759,432 shares in the company, valued at approximately $224,978,350.64. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Ben Haim Shlomi sold 32,724 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $43.89, for a total value of $1,436,256.36. Following the completion of the transaction, the chief executive officer now owns 4,987,300 shares in the company, valued at approximately $218,892,597. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frederic Simon sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $47.27, for a total value of $7,090,500.00. Following the completion of the transaction, the director now owns 4,759,432 shares of the company’s stock, valued at approximately $224,978,350.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 466,355 shares of company stock worth $20,976,067. 30.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Arcadia Investment Management Corp MI purchased a new position in shares of JFrog in the 1st quarter valued at approximately $26,000. Fred Alger Management LLC purchased a new position in JFrog during the third quarter valued at $35,000. Frazier Financial Advisors LLC purchased a new position in JFrog during the fourth quarter valued at $35,000. Future Financial Wealth Managment LLC purchased a new position in JFrog during the first quarter valued at $44,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in JFrog during the third quarter valued at $170,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

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.