Cantor Fitzgerald Reiterates Overweight Rating for JFrog (NASDAQ:FROG)

JFrog (NASDAQ:FROG)‘s stock had its “overweight” rating reiterated by equities researchers at Cantor Fitzgerald in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $38.00 price objective on the stock. Cantor Fitzgerald’s price objective indicates a potential upside of 5.70% from the company’s previous close.

Several other equities research analysts also recently commented on FROG. Robert W. Baird upped their price objective on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Barclays dropped their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. UBS Group lifted their price objective on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Truist Financial restated a “buy” rating and set a $35.00 target price (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. Finally, Needham & Company LLC raised their price target on JFrog from $36.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $38.06.

JFrog Price Performance

Shares of NASDAQ FROG opened at $35.95 on Wednesday. The stock has a market capitalization of $3.66 billion, a PE ratio of -67.83 and a beta of 0.97. JFrog has a one year low of $22.91 and a one year high of $48.81. The business’s fifty day moving average price is $32.38 and its 200-day moving average price is $30.61.

Insider Transactions at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the completion of the sale, the director now owns 4,514,432 shares of the company’s stock, valued at approximately $139,315,371.52. This represents a 0.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 20,443 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $625,555.80. Following the transaction, the chief executive officer now directly owns 4,937,011 shares in the company, valued at $151,072,536.60. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 387,033 shares of company stock valued at $12,621,141. 15.70% of the stock is owned by corporate insiders.

Institutional Trading of JFrog

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of JFrog by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock valued at $259,882,000 after acquiring an additional 349,532 shares during the period. TimesSquare Capital Management LLC lifted its holdings in JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock worth $100,002,000 after buying an additional 365,376 shares during the period. North Peak Capital Management LLC purchased a new position in shares of JFrog during the 3rd quarter worth approximately $73,417,000. Thrivent Financial for Lutherans raised its position in shares of JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after acquiring an additional 593,478 shares in the last quarter. Finally, Wasatch Advisors LP lifted its stake in shares of JFrog by 6.2% in the 3rd quarter. Wasatch Advisors LP now owns 2,140,884 shares of the company’s stock valued at $62,171,000 after purchasing an additional 124,420 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

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.