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

Shares of JFrog Ltd. (NASDAQ:FROG) have been given an average recommendation of “Moderate Buy” by the eighteen brokerages that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $37.89.

Several brokerages have recently weighed in on FROG. Cantor Fitzgerald reiterated an “overweight” rating and set a $35.00 price target on shares of JFrog in a research note on Tuesday, October 29th. DA Davidson reiterated a “buy” rating and set a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Barclays dropped their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Scotiabank lifted their target price 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, Robert W. Baird lifted their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

JFrog Trading Up 0.6 %

NASDAQ:FROG opened at $34.50 on Friday. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81. The company has a market cap of $3.51 billion, a PE ratio of -65.09 and a beta of 0.95. The company has a 50 day simple moving average of $31.14 and a two-hundred day simple moving average of $30.82.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.24). The business had revenue of $109.06 million for the quarter, compared to analysts’ expectations of $105.54 million. JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. During the same quarter in the prior year, the business earned ($0.10) EPS. Research analysts forecast that JFrog will post -0.32 earnings per share for the current year.

Insider Buying and Selling at JFrog

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 value of $567,555.75. Following the sale, the chief executive officer now directly owns 4,957,454 shares in the company, valued at $158,291,506.22. The trade was a 0.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $31.78, for a total transaction of $1,112,300.00. Following the completion of the sale, the director now owns 4,444,432 shares in the company, valued at approximately $141,244,048.96. This trade represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 274,146 shares of company stock worth $8,544,054. Insiders own 15.70% of the company’s stock.

Institutional Trading of JFrog

Large investors have recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock worth $25,963,000 after buying an additional 210,000 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after purchasing an additional 159,483 shares during the last quarter. Principal Financial Group Inc. grew its holdings in JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after purchasing an additional 514,895 shares during the last quarter. North Peak Capital Management LLC bought a new position in JFrog during the 3rd quarter valued at about $73,417,000. Finally, Atom Investors LP grew its holdings in JFrog by 57.0% during the 3rd quarter. Atom Investors LP now owns 66,449 shares of the company’s stock valued at $1,930,000 after purchasing an additional 24,120 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

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.