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

Cantor Fitzgerald reiterated their overweight rating on shares of JFrog (NASDAQ:FROG) in a research report report published on Wednesday, Benzinga reports. Cantor Fitzgerald currently has a $35.00 price target on the stock.

A number of other equities research analysts have also recently weighed in on FROG. Robert W. Baird started coverage on shares of JFrog in a research note on Tuesday, August 27th. They set an outperform rating and a $32.00 price objective on the stock. Bank of America lowered their target price on JFrog from $54.00 to $44.00 and set a buy rating on the stock in a report on Thursday, August 8th. TD Cowen lowered their target price on JFrog from $50.00 to $32.00 and set a buy rating on the stock in a report on Thursday, August 8th. Truist Financial lowered their target price on JFrog from $50.00 to $30.00 and set a buy rating on the stock in a report on Thursday, August 8th. Finally, Barclays lowered their target price on JFrog from $50.00 to $40.00 and set an overweight rating on the stock in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $36.28.

JFrog Stock Performance

FROG stock opened at $27.99 on Wednesday. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of -59.55 and a beta of 0.93. JFrog has a 1 year low of $21.38 and a 1 year high of $48.81. The stock’s fifty day moving average is $31.57 and its two-hundred day moving average is $35.89.

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

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated 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 transaction, the director now owns 4,549,432 shares of the company’s stock, valued at approximately $176,290,490. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $557,598.36. Following the transaction, the chief executive officer now owns 5,027,493 shares of the company’s stock, valued at approximately $136,043,960.58. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total value of $1,356,250.00. Following the sale, the director now owns 4,549,432 shares of the company’s stock, valued at $176,290,490. The disclosure for this sale can be found here. Insiders have sold a total of 203,040 shares of company stock valued at $6,818,795 in the last 90 days. 15.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently added to or reduced their stakes in FROG. Frazier Financial Advisors LLC bought a new stake in JFrog during the fourth quarter worth approximately $35,000. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the first quarter valued at approximately $44,000. Advisors Asset Management Inc. boosted its position 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 valued at $116,000 after acquiring an additional 662 shares during the period. RiverPark Advisors LLC bought a new stake in shares of JFrog in the first quarter valued at approximately $140,000. Finally, SG Americas Securities LLC bought a new stake in shares of JFrog in the second quarter valued at approximately $187,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.