JFrog (NASDAQ:FROG) Earns “Overweight” Rating from Cantor Fitzgerald

JFrog (NASDAQ:FROG)‘s stock had its “overweight” rating reiterated by equities research analysts at Cantor Fitzgerald in a research report issued on Wednesday,Benzinga reports. They presently have a $38.00 target price on the stock. Cantor Fitzgerald’s price target would suggest a potential upside of 5.70% from the company’s current price.

FROG has been the topic of several other research reports. UBS Group upped their price target on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Scotiabank increased their target price on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Robert W. Baird lifted their price target on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. TD Cowen upped their price target on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Truist Financial restated a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.06.

JFrog Stock Performance

Shares of FROG opened at $35.95 on Wednesday. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The firm’s 50-day simple moving average is $32.38 and its two-hundred day simple moving average is $30.61. The stock has a market cap of $3.66 billion, a PE ratio of -67.83 and a beta of 0.97.

Insiders Place Their Bets

In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $36.19, for a total transaction of $542,850.00. Following the completion of the sale, the chief technology officer now directly owns 6,532,242 shares in the company, valued at approximately $236,401,837.98. The trade was 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 the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $36.73, for a total transaction of $652,875.75. Following the sale, the chief executive officer now directly owns 4,866,809 shares of the company’s stock, valued at approximately $178,757,894.57. This represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 387,033 shares of company stock valued at $12,621,141. Company insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FROG. Jones Financial Companies Lllp grew its stake in shares of JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after acquiring an additional 574 shares during the period. West Tower Group LLC purchased a new position in JFrog during the third quarter valued at approximately $116,000. KBC Group NV boosted its position in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the period. BankPlus Trust Department purchased a new stake in shares of JFrog in the fourth quarter worth $131,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of JFrog during the 2nd quarter valued at $188,000. 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.