Brokerages Set JFrog Ltd. (NASDAQ:FROG) Target Price at $43.46

JFrog Ltd. (NASDAQ:FROG) has been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $43.46.

Several equities analysts have recently commented on the stock. KeyCorp assumed coverage on shares of JFrog in a research report on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 target price for the company. TheStreet upgraded shares of JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Scotiabank began coverage on shares of JFrog in a research report on Thursday, March 7th. They set a “buy” rating for the company. Bank Of America (Bofa) upped their price objective on shares of JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. Finally, Cantor Fitzgerald upped their price objective on shares of JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th.

Insider Buying and Selling at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total value of $1,201,550.00. Following the sale, the director now directly owns 4,909,432 shares of the company’s stock, valued at approximately $168,540,800.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total value of $1,201,550.00. Following the sale, the director now directly owns 4,909,432 shares of the company’s stock, valued at approximately $168,540,800.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ben Haim Shlomi sold 1,200 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $35.00, for a total transaction of $42,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,969,129 shares in the company, valued at $173,919,515. The disclosure for this sale can be found here. In the last ninety days, insiders sold 502,555 shares of company stock worth $22,219,617. 30.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in JFrog during the third quarter worth $490,000. New York State Common Retirement Fund raised its holdings in JFrog by 19.6% during the third quarter. New York State Common Retirement Fund now owns 494,623 shares of the company’s stock worth $12,544,000 after buying an additional 80,913 shares during the last quarter. Swiss National Bank raised its holdings in JFrog by 8.8% during the third quarter. Swiss National Bank now owns 156,800 shares of the company’s stock worth $3,976,000 after buying an additional 12,700 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in JFrog during the third quarter worth $504,000. Finally, Vanguard Group Inc. raised its holdings in JFrog by 10.7% during the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after buying an additional 679,007 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

JFrog Stock Down 2.1 %

NASDAQ FROG opened at $37.14 on Wednesday. The company has a market capitalization of $3.78 billion, a P/E ratio of -61.90 and a beta of 0.99. JFrog has a 12-month low of $17.11 and a 12-month high of $48.81. The firm has a 50-day moving average price of $42.29 and a two-hundred day moving average price of $33.80.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. Equities analysts expect that JFrog will post -0.21 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.