JFrog Ltd. (NASDAQ:FROG) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of JFrog Ltd. (NASDAQ:FROG) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $43.46.

Several brokerages have issued reports on FROG. KeyCorp initiated coverage on shares of JFrog in a research report on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 price target for the company. Scotiabank initiated coverage on shares of JFrog in a research report on Thursday, March 7th. They set a “buy” rating for the company. Oppenheimer increased their price objective on shares of JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. Needham & Company LLC increased their price objective on shares of JFrog from $40.00 to $55.00 in a research report on Thursday, March 7th. Finally, TheStreet upgraded shares of JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th.

Insider Buying and Selling

In related news, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the transaction, the director now directly owns 4,909,432 shares of the company’s stock, valued at $168,540,800.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other JFrog news, Director Frederic Simon sold 35,000 shares of the firm’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 transaction, the director now directly owns 4,909,432 shares of the company’s stock, valued at $168,540,800.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 1,200 shares of the firm’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 transaction, 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. Insiders have sold a total of 502,555 shares of company stock valued at $22,219,617 over the last ninety days. 30.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FROG. Raymond James & Associates lifted its stake in shares of JFrog by 9.3% in the first quarter. Raymond James & Associates now owns 44,511 shares of the company’s stock valued at $1,200,000 after buying an additional 3,800 shares in the last quarter. US Bancorp DE lifted its position in shares of JFrog by 2,303.3% during the first quarter. US Bancorp DE now owns 2,211 shares of the company’s stock valued at $60,000 after purchasing an additional 2,119 shares in the last quarter. Cetera Advisor Networks LLC lifted its position in shares of JFrog by 74.3% during the first quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company’s stock valued at $317,000 after purchasing an additional 5,012 shares in the last quarter. Rhumbline Advisers lifted its position in shares of JFrog by 2.4% during the first quarter. Rhumbline Advisers now owns 56,791 shares of the company’s stock valued at $1,531,000 after purchasing an additional 1,331 shares in the last quarter. Finally, Lord Abbett & CO. LLC bought a new position in shares of JFrog during the first quarter valued at about $10,228,000. 85.02% of the stock is owned by institutional investors.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $37.14 on Wednesday. JFrog has a 52-week low of $17.11 and a 52-week 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 $33.93. The stock has a market cap of $3.78 billion, a P/E ratio of -61.90 and a beta of 0.99.

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