JFrog Ltd. (NASDAQ:FROG) Receives $37.72 Consensus Price Target from Brokerages

JFrog Ltd. (NASDAQ:FROG) has earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $37.89.

A number of research analysts have recently issued reports on FROG shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research note on Tuesday, October 29th. DA Davidson reiterated a “buy” rating and set a $40.00 target price on shares of JFrog in a report on Monday, October 14th. TD Cowen increased their target price on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Robert W. Baird increased their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Scotiabank increased their target price on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th.

Insider Buying and Selling at JFrog

In other JFrog news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $30.26, for a total transaction of $453,900.00. Following the completion of the transaction, the chief technology officer now owns 6,582,242 shares of the company’s stock, valued at approximately $199,178,642.92. This trade represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the director now directly owns 4,514,432 shares of the company’s stock, valued at $139,315,371.52. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 274,146 shares of company stock valued at $8,544,054. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently made changes to their positions in FROG. North Peak Capital Management LLC bought a new stake in shares of JFrog during the third quarter valued at approximately $73,417,000. TimesSquare Capital Management LLC increased its position in shares of JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after acquiring an additional 1,617,551 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in JFrog in the 3rd quarter worth approximately $32,401,000. Ensign Peak Advisors Inc bought a new stake in JFrog in the 2nd quarter worth approximately $30,098,000. Finally, Thrivent Financial for Lutherans grew its position in JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after purchasing an additional 593,478 shares during the period. Institutional investors own 85.02% of the company’s stock.

JFrog Trading Up 0.6 %

Shares of NASDAQ:FROG opened at $34.50 on Friday. The stock’s 50-day moving average price is $31.14 and its 200-day moving average price is $30.82. JFrog has a 12-month low of $22.91 and a 12-month high of $48.81. The stock has a market capitalization of $3.51 billion, a P/E ratio of -65.09 and a beta of 0.95.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The company had revenue of $109.06 million for the quarter, compared to the consensus estimate of $105.54 million. During the same period last year, the business posted ($0.10) earnings per share. As a group, research analysts predict that JFrog will post -0.32 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.