JFrog (NASDAQ:FROG) Stock Price Down 8.1% – Should You Sell?

JFrog Ltd. (NASDAQ:FROG)’s share price traded down 8.1% on Friday . The stock traded as low as $30.09 and last traded at $30.20. 661,178 shares were traded during mid-day trading, a decline of 48% from the average session volume of 1,268,094 shares. The stock had previously closed at $32.86.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on FROG shares. DA Davidson reiterated a “buy” rating and set a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. Morgan Stanley lowered their price target on JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Robert W. Baird increased their price objective on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday. Stifel Nicolaus reduced their price objective on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, UBS Group upped their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.83.

JFrog Trading Down 5.4 %

The stock has a market capitalization of $3.17 billion, a PE ratio of -69.11 and a beta of 0.93. The stock has a 50 day moving average price of $29.14 and a 200-day moving average price of $32.35.

JFrog (NASDAQ:FROG) last announced its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $103.53 million. Research analysts forecast that JFrog Ltd. will post -0.28 earnings per share for the current year.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 20,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the completion of the sale, the chief executive officer now directly owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CRO Tali Notman sold 10,699 shares of JFrog stock in a transaction on Monday, September 9th. The stock was sold at an average price of $28.29, for a total transaction of $302,674.71. Following the transaction, the executive now directly owns 536,714 shares in the company, valued at approximately $15,183,639.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ben Haim Shlomi sold 20,606 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $557,598.36. Following the sale, the chief executive officer now directly owns 5,027,493 shares of the company’s stock, valued at $136,043,960.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,031 shares of company stock worth $3,618,247 in the last quarter. Company insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC bought a new stake in JFrog during the 3rd quarter worth approximately $29,000. Advisors Asset Management Inc. increased its stake in shares of JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after purchasing an additional 662 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of JFrog during the 2nd quarter valued at $187,000. Sanctuary Advisors LLC purchased a new position in shares of JFrog during the 2nd quarter valued at $188,000. Finally, US Bancorp DE boosted its holdings in JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after buying an additional 798 shares during the period. 85.02% of the stock is 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.