JFrog Ltd. (NASDAQ:FROG) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of JFrog Ltd. (NASDAQ:FROG) have been assigned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $36.28.

FROG has been the subject of a number of analyst reports. Barclays reduced their price objective on JFrog from $50.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Oppenheimer lowered JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. DA Davidson reissued a “buy” rating and issued a $40.00 target price on shares of JFrog in a report on Wednesday, September 11th. Truist Financial reduced their target price on JFrog from $50.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Scotiabank reduced their target price on JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a report on Thursday, August 8th.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $28.17 on Friday. JFrog has a 52-week low of $21.38 and a 52-week high of $48.81. The firm has a market capitalization of $2.87 billion, a P/E ratio of -59.94 and a beta of 0.93. The stock 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 for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The company had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. On average, equities analysts forecast that JFrog will post -0.28 EPS for the current fiscal year.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction on Friday, September 13th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the transaction, the chief technology officer now directly owns 6,627,242 shares in the company, valued at $185,562,776. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CRO Tali Notman sold 5,882 shares of JFrog stock in a transaction on Monday, July 1st. The stock was sold at an average price of $37.51, for a total transaction of $220,633.82. Following the transaction, the executive now directly owns 559,034 shares in the company, valued at $20,969,365.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of JFrog 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 in the company, valued at $185,562,776. The disclosure for this sale can be found here. Insiders have sold a total of 218,040 shares of company stock worth $7,238,795 in the last ninety days. Insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On JFrog

Several institutional investors and hedge funds have recently bought and sold shares of FROG. Frazier Financial Advisors LLC bought a new stake in JFrog during the fourth quarter valued at about $35,000. Future Financial Wealth Managment LLC bought a new stake in JFrog during the first quarter valued at about $44,000. Advisors Asset Management Inc. raised its holdings in JFrog by 33.9% during the first 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. RiverPark Advisors LLC bought a new stake in JFrog during the first quarter valued at about $140,000. Finally, Duality Advisers LP bought a new stake in JFrog during the first quarter valued at about $205,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.