JFrog (NASDAQ:FROG) Research Coverage Started at Barclays

Barclays initiated coverage on shares of JFrog (NASDAQ:FROG) in a research note released on Wednesday morning, Marketbeat.com reports. The brokerage issued an overweight rating and a $50.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on the stock. KeyCorp reduced their price target on shares of JFrog from $52.00 to $46.00 and set an overweight rating on the stock in a research note on Friday, May 10th. Morgan Stanley decreased their price target on JFrog from $52.00 to $47.00 and set an overweight rating on the stock in a research note on Friday, May 10th. Truist Financial lifted their price objective on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Scotiabank lowered their target price on JFrog from $45.00 to $40.00 and set a sector perform rating for the company in a report on Friday, May 10th. Finally, DA Davidson boosted their price target on shares of JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $43.93.

JFrog Stock Performance

FROG opened at $37.55 on Wednesday. The stock has a market capitalization of $3.83 billion, a PE ratio of -79.89 and a beta of 0.93. JFrog has a one year low of $21.38 and a one year high of $48.81. The business’s 50 day moving average price is $35.28 and its 200 day moving average price is $37.19.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The business had revenue of $100.31 million for the quarter, compared to analyst estimates of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. As a group, equities research analysts forecast that JFrog will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In other news, CTO Yoav Landman sold 40,000 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,731,371 shares of the company’s stock, valued at approximately $260,504,057.70. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $38.97, for a total value of $1,363,950.00. Following the completion of the sale, the director now directly owns 4,654,432 shares of the company’s stock, valued at approximately $181,383,215.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $38.70, for a total value of $1,548,000.00. Following the transaction, the chief technology officer now owns 6,731,371 shares in the company, valued at approximately $260,504,057.70. The disclosure for this sale can be found here. Insiders have sold a total of 241,048 shares of company stock worth $8,433,115 over the last ninety days. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

Several large investors have recently modified their holdings of FROG. Arcadia Investment Management Corp MI purchased a new stake in JFrog in the 1st quarter valued at $26,000. Fred Alger Management LLC purchased a new stake in shares of JFrog in the third quarter valued at about $35,000. Frazier Financial Advisors LLC acquired a new stake in shares of JFrog during the fourth quarter worth about $35,000. Future Financial Wealth Managment LLC purchased a new position in shares of JFrog during the first quarter worth about $44,000. Finally, Advisors Asset Management Inc. increased its position in JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after acquiring an additional 662 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

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.