JFrog (NASDAQ:FROG) Receives “Buy” Rating from Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of JFrog (NASDAQ:FROG) in a report issued on Monday morning, Benzinga reports. The brokerage currently has a $33.00 price objective on the stock.

FROG has been the subject of a number of other reports. Truist Financial lowered their price objective on JFrog from $50.00 to $30.00 and set a buy rating for the company in a research report on Thursday, August 8th. Piper Sandler reduced their price objective on shares of JFrog from $40.00 to $32.00 and set a neutral rating on the stock in a report on Thursday, August 8th. Baird R W upgraded shares of JFrog to a strong-buy rating in a research note on Tuesday, August 27th. Canaccord Genuity Group cut their price target on JFrog from $48.00 to $38.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Finally, TD Cowen decreased their price target on JFrog from $50.00 to $32.00 and set a buy rating for the company in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $36.28.

JFrog Trading Up 0.7 %

Shares of NASDAQ:FROG opened at $28.38 on Monday. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -60.38 and a beta of 0.93. JFrog has a 12-month low of $21.38 and a 12-month high of $48.81. The business has a 50-day moving average price of $31.12 and a 200 day moving average price of $35.54.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. As a group, equities research analysts predict that JFrog will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total value of $1,356,250.00. Following the completion of the transaction, the director now directly owns 4,549,432 shares in the company, valued at $176,290,490. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the chief technology officer now owns 6,627,242 shares of the company’s stock, valued at approximately $185,562,776. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total transaction of $1,356,250.00. Following the sale, the director now directly owns 4,549,432 shares of the company’s stock, valued at $176,290,490. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,040 shares of company stock worth $7,238,795. Corporate insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FROG. Mackenzie Financial Corp boosted its holdings in JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after acquiring an additional 384 shares during the period. George Kaiser Family Foundation increased its stake in JFrog by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock worth $2,818,000 after buying an additional 532 shares during the period. Advisors Asset Management Inc. lifted its holdings in JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after buying an additional 662 shares in the last quarter. Lazard Asset Management LLC boosted its position in JFrog by 6.0% in the 1st quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock valued at $686,000 after buying an additional 879 shares during the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of JFrog during the fourth quarter valued at about $35,000. Institutional investors and hedge funds 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.