JFrog Ltd. (NASDAQ:FROG) Given Consensus Rating of “Moderate Buy” by Brokerages

JFrog Ltd. (NASDAQ:FROG) has earned a consensus rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, Marketbeat.com reports. Three investment 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 company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $36.28.

A number of research analysts have recently issued reports on FROG shares. DA Davidson reiterated a “buy” rating and set a $40.00 price target on shares of JFrog in a research note on Wednesday, September 11th. TD Cowen cut their target price on JFrog from $50.00 to $32.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Robert W. Baird assumed coverage on JFrog in a report on Tuesday, August 27th. They issued an “outperform” rating and a $32.00 price target for the company. Truist Financial dropped their price objective on JFrog from $50.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Canaccord Genuity Group reduced their target price on JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

JFrog Stock Up 0.8 %

Shares of FROG stock opened at $28.61 on Friday. JFrog has a 52-week low of $21.38 and a 52-week high of $48.81. The stock’s 50-day moving average price is $30.81 and its 200 day moving average price is $35.38. The stock has a market capitalization of $2.91 billion, a PE ratio of -60.87 and a beta of 0.93.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) 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 company had revenue of $103.04 million for the quarter, compared to analysts’ expectations of $103.53 million. Analysts expect that JFrog will post -0.28 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In other news, 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 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 $176,290,490. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 value of $1,356,250.00. Following the completion of the sale, the director now owns 4,549,432 shares in the company, valued at approximately $176,290,490. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the transaction, the chief technology officer now owns 6,627,242 shares in the company, valued at $185,562,776. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 218,040 shares of company stock worth $7,238,795. Corporate insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On JFrog

A number of hedge funds have recently made changes to their positions in the stock. Frazier Financial Advisors LLC acquired a new position in JFrog in the fourth quarter valued at $35,000. Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog during the 1st quarter worth about $44,000. Advisors Asset Management Inc. increased its position in JFrog by 33.9% during the 1st 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. RiverPark Advisors LLC purchased a new position in JFrog in the first quarter valued at approximately $140,000. Finally, Duality Advisers LP acquired a new position in JFrog during the first quarter valued at approximately $205,000. Institutional investors and hedge funds 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.