JFrog Ltd. (NASDAQ:FROG) Receives $37.72 Average PT from Brokerages

JFrog Ltd. (NASDAQ:FROG) has earned a consensus rating of “Moderate Buy” from the eighteen research firms that are currently covering the firm, Marketbeat.com reports. 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 on the company. The average 12 month price target among analysts that have covered the stock in the last year is $37.72.

A number of equities analysts have recently commented on the company. DA Davidson reissued a “buy” rating and set a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th. Stifel Nicolaus dropped their price objective on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Barclays decreased their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. Needham & Company LLC increased their target price on JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Canaccord Genuity Group decreased their price target on JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

JFrog Price Performance

FROG opened at $30.81 on Thursday. The business has a fifty day moving average price of $30.08 and a 200 day moving average price of $31.50. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of -58.17 and a beta of 0.93.

Insider Activity

In other news, Director Frederic Simon sold 35,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the completion of the sale, the director now owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. This represents a 0.77 % 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. Also, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the chief technology officer now owns 6,627,242 shares in the company, valued at $185,562,776. This trade represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 146,085 shares of company stock valued at $4,381,669 in the last ninety days. 15.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FROG. Future Financial Wealth Managment LLC purchased a new position in JFrog during the 3rd quarter worth $29,000. Advisors Asset Management Inc. raised its holdings in JFrog by 33.9% during the first 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. West Tower Group LLC acquired a new stake in JFrog in the third quarter valued at about $116,000. SG Americas Securities LLC acquired a new stake in JFrog in the second quarter valued at about $187,000. Finally, Sanctuary Advisors LLC acquired a new position in JFrog during the 2nd quarter worth approximately $188,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.