JFrog Ltd. (NASDAQ:FROG) Receives $36.28 Average Price Target from Analysts

Shares of JFrog Ltd. (NASDAQ:FROG) have been assigned an average rating of “Moderate Buy” from the eighteen research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $36.28.

FROG has been the topic of several research reports. Canaccord Genuity Group reduced their price target on shares of JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Morgan Stanley reduced their price objective on JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Scotiabank reduced their price target on JFrog from $40.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 8th. Bank of America reduced their target price on shares of JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Piper Sandler dropped their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th.

Insiders Place Their Bets

In other news, CEO Ben Haim Shlomi sold 20,606 shares of the stock in a transaction dated 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 owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $557,598.36. Following the transaction, the chief executive officer now directly owns 5,027,493 shares in the company, valued at $136,043,960.58. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on 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 trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 155,481 shares of company stock valued at $4,930,847. Insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp grew its position in JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after buying an additional 384 shares during the period. George Kaiser Family Foundation raised its position in JFrog by 0.7% during the second quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock worth $2,818,000 after acquiring an additional 532 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings 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 purchasing an additional 662 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of JFrog by 6.0% in the first quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock valued at $686,000 after purchasing an additional 879 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of JFrog during the 1st quarter worth approximately $44,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Stock Performance

FROG opened at $31.05 on Wednesday. The business’s 50 day moving average price is $28.08 and its 200 day moving average price is $33.75. The stock has a market capitalization of $3.16 billion, a PE ratio of -66.06 and a beta of 0.94. JFrog has a one year low of $21.38 and a one year high of $48.81.

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