JFrog Ltd. (NASDAQ:FROG) Receives Average Rating of “Moderate Buy” from Analysts

JFrog Ltd. (NASDAQ:FROG) has been assigned a consensus recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $45.07.

Several research firms have recently commented on FROG. TD Cowen started coverage on shares of JFrog in a report on Wednesday, July 24th. They issued a “buy” rating and a $50.00 price objective on the stock. UBS Group began coverage on JFrog in a research report on Wednesday, May 22nd. They set a “buy” rating and a $41.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of JFrog in a report on Tuesday, June 25th. FBN Securities started coverage on JFrog in a report on Wednesday, May 22nd. They set an “outperform” rating and a $45.00 target price on the stock. Finally, Morgan Stanley decreased their price target on JFrog from $52.00 to $47.00 and set an “overweight” rating for the company in a report on Friday, May 10th.

Insider Buying and Selling

In other JFrog news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total transaction of $1,356,250.00. Following the completion of the sale, the director now directly owns 4,549,432 shares in the company, valued at approximately $176,290,490. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other JFrog news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total transaction of $1,356,250.00. Following the sale, the director now owns 4,549,432 shares of the company’s stock, valued at approximately $176,290,490. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Yoav Landman sold 2,250 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $35.28, for a total transaction of $79,380.00. Following the sale, the chief technology officer now directly owns 6,744,892 shares of the company’s stock, valued at approximately $237,959,789.76. The disclosure for this sale can be found here. Insiders sold a total of 257,207 shares of company stock worth $8,915,764 in the last 90 days. Insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FROG. Peregrine Capital Management LLC grew its position in shares of JFrog by 26.2% in the second quarter. Peregrine Capital Management LLC now owns 324,830 shares of the company’s stock valued at $12,197,000 after purchasing an additional 67,359 shares in the last quarter. Principal Financial Group Inc. grew its holdings in JFrog by 14.9% in the 2nd quarter. Principal Financial Group Inc. now owns 923,046 shares of the company’s stock valued at $34,660,000 after buying an additional 119,792 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of JFrog by 35.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,613 shares of the company’s stock worth $924,000 after acquiring an additional 6,421 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of JFrog by 186.2% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 684,047 shares of the company’s stock worth $25,686,000 after acquiring an additional 445,000 shares during the period. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new position in shares of JFrog during the 2nd quarter valued at about $6,547,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Price Performance

Shares of FROG opened at $38.65 on Friday. The firm has a market capitalization of $3.94 billion, a PE ratio of -82.23 and a beta of 0.96. The company’s fifty day moving average price is $35.04 and its 200-day moving average price is $37.89. JFrog has a 1-year low of $21.38 and a 1-year high of $48.81.

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

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.