JFrog Ltd. (NASDAQ:FROG) Receives $36.28 Average Target Price from Analysts

Shares of JFrog Ltd. (NASDAQ:FROG) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $36.28.

A number of research analysts have commented on FROG shares. Piper Sandler cut their target price on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Bank of America reduced their price objective on shares of JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. 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 report on Thursday, August 8th. Oppenheimer lowered JFrog from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 8th. Finally, Robert W. Baird started coverage on JFrog in a research report on Tuesday, August 27th. They set an “outperform” rating and a $32.00 price objective on the stock.

Insiders Place Their Bets

In related news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $30.85, for a total value of $462,750.00. Following the transaction, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at $203,987,665.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JFrog news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $462,750.00. Following the completion of the transaction, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at approximately $203,987,665.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CRO Tali Notman sold 30,000 shares of JFrog stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $36.68, for a total transaction of $1,100,400.00. Following the sale, the executive now owns 559,034 shares of the company’s stock, valued at approximately $20,505,367.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 206,031 shares of company stock valued at $6,460,097. Insiders own 15.70% of the company’s stock.

Institutional Trading of JFrog

Several hedge funds and other institutional investors have recently bought and sold shares of FROG. 1832 Asset Management L.P. boosted its holdings in JFrog by 285.1% during the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock worth $62,885,000 after buying an additional 1,052,800 shares in the last quarter. Meitav Investment House Ltd. increased its holdings in JFrog by 4,244.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock worth $32,903,000 after acquiring an additional 856,451 shares in the last quarter. American Century Companies Inc. raised its position in JFrog by 172.5% during the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock worth $49,943,000 after acquiring an additional 841,956 shares during the period. Principal Financial Group Inc. purchased a new position in JFrog during the first quarter valued at $35,520,000. Finally, Ensign Peak Advisors Inc acquired a new position in shares of JFrog during the 2nd quarter worth about $30,098,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $31.60 on Wednesday. JFrog has a fifty-two week low of $21.38 and a fifty-two week high of $48.81. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -67.23 and a beta of 0.94. The business’s 50 day moving average price is $27.99 and its 200-day moving average price is $33.57.

JFrog (NASDAQ:FROG) last issued its earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The company had revenue of $103.04 million during the quarter, compared to the consensus estimate of $103.53 million. Sell-side analysts predict that JFrog will post -0.28 earnings per share for the current 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.