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

Shares of JFrog Ltd. (NASDAQ:FROG) have received a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, fourteen have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $41.06.

A number of brokerages have recently issued reports on FROG. Needham & Company LLC raised their price objective on JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Morgan Stanley increased their target price on shares of JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price target on shares of JFrog in a research report on Wednesday, February 12th. KeyCorp reiterated an “overweight” rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Finally, Stifel Nicolaus lifted their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th.

Insiders Place Their Bets

In related news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total value of $560,445.75. Following the transaction, the chief executive officer now directly owns 4,884,584 shares in the company, valued at $154,010,933.52. This trade represents a 0.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $31.55, for a total transaction of $473,250.00. Following the sale, the chief technology officer now owns 6,567,242 shares of the company’s stock, valued at $207,196,485.10. This trade represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 404,104 shares of company stock worth $14,342,464. Corporate insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On JFrog

Large investors have recently added to or reduced their stakes in the business. North Peak Capital Management LLC bought a new stake in JFrog during the 3rd quarter worth approximately $73,417,000. TimesSquare Capital Management LLC boosted its holdings in JFrog by 114.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after acquiring an additional 1,617,551 shares during the last quarter. Norges Bank bought a new stake in shares of JFrog in the 4th quarter worth $32,878,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of JFrog in the third quarter valued at about $32,401,000. Finally, Raymond James Financial Inc. bought a new position in shares of JFrog during the fourth quarter valued at about $30,554,000. Institutional investors own 85.02% of the company’s stock.

JFrog Price Performance

FROG opened at $33.46 on Friday. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $46.65. The company’s 50 day moving average price is $35.14 and its two-hundred day moving average price is $31.60. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of -53.11 and a beta of 0.95.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). The business had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. As a group, equities research analysts predict that JFrog will post -0.33 EPS for the current 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.