JFrog Ltd. (NASDAQ:FROG) Receives $37.72 Average Price Target from Analysts

Shares of JFrog Ltd. (NASDAQ:FROG) have received an average recommendation of “Moderate Buy” from the eighteen research firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $37.72.

Several equities research analysts recently weighed in on FROG shares. Truist Financial restated a “buy” rating and issued a $35.00 price target (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. UBS Group upped their target price on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. TD Cowen boosted their price objective on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Barclays lowered their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 target price on shares of JFrog in a research report on Tuesday, October 29th.

Insider Transactions at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $31.78, for a total transaction of $1,112,300.00. Following the transaction, the director now directly owns 4,444,432 shares in the company, valued at $141,244,048.96. This represents a 0.78 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $30.26, for a total transaction of $453,900.00. Following the transaction, the chief technology officer now directly owns 6,582,242 shares in the company, valued at $199,178,642.92. This trade represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 274,146 shares of company stock valued at $8,544,054. 15.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JFrog

Hedge funds and other institutional investors have recently modified their holdings of the business. Mackenzie Financial Corp raised its stake in shares of JFrog by 7.0% during 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 in the last quarter. Van ECK Associates Corp grew its holdings in JFrog by 1.6% in the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after purchasing an additional 577 shares during the last quarter. US Bancorp DE increased its position in shares of JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog during the 3rd quarter valued at $29,000. Finally, Wrapmanager Inc. boosted its position in shares of JFrog by 13.5% in the 3rd quarter. Wrapmanager Inc. now owns 9,769 shares of the company’s stock worth $284,000 after purchasing an additional 1,161 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $33.92 on Friday. The firm’s fifty day moving average is $31.02 and its two-hundred day moving average is $30.81. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81. The company has a market cap of $3.46 billion, a P/E ratio of -64.00 and a beta of 0.95.

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