Brokerages Set JFrog Ltd. (NASDAQ:FROG) PT at $36.61

Shares of JFrog Ltd. (NASDAQ:FROG) have earned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $36.61.

Several brokerages have recently commented on FROG. Robert W. Baird began coverage on shares of JFrog in a research report on Tuesday, August 27th. They issued an “outperform” rating and a $32.00 target price for the company. Bank of America dropped their target price on shares of JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Morgan Stanley dropped their target price on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $33.00 target price on shares of JFrog in a research report on Monday, September 16th. Finally, TD Cowen boosted their target price on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the sale, the chief executive officer now directly owns 4,975,229 shares of the company’s stock, valued at $149,256,870. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CTO Yoav Landman sold 15,000 shares of the company’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 sale, the chief technology officer now directly owns 6,627,242 shares of the company’s stock, valued at approximately $185,562,776. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 35,550 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the sale, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 126,031 shares of company stock valued at $3,618,247 in the last ninety days. 15.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JFrog

A number of institutional investors have recently modified their holdings of FROG. Allspring Global Investments Holdings LLC boosted its stake in shares of JFrog by 0.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 490,402 shares of the company’s stock valued at $21,686,000 after purchasing an additional 3,344 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in shares of JFrog by 16.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 22,938 shares of the company’s stock valued at $1,014,000 after acquiring an additional 3,233 shares during the period. RiverPark Advisors LLC acquired a new position in shares of JFrog during the 1st quarter valued at $140,000. Duality Advisers LP acquired a new position in shares of JFrog during the 1st quarter valued at $205,000. Finally, Swiss National Bank lifted its position in shares of JFrog by 8.0% during the 1st quarter. Swiss National Bank now owns 165,600 shares of the company’s stock valued at $7,323,000 after acquiring an additional 12,200 shares during the period. 85.02% of the stock is owned by institutional investors.

JFrog Stock Up 3.6 %

Shares of JFrog stock opened at $32.86 on Friday. JFrog has a twelve month low of $22.91 and a twelve month high of $48.81. The company has a 50-day simple moving average of $28.97 and a two-hundred day simple moving average of $32.44. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of -73.29 and a beta of 0.93.

JFrog (NASDAQ:FROG) last issued its earnings results on Wednesday, August 7th. The company reported ($0.09) 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 analyst estimates of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. On average, sell-side analysts anticipate that JFrog will post -0.28 earnings per share for the current fiscal year.

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.