JFrog (NASDAQ:FROG) Now Covered by FBN Securities

Research analysts at FBN Securities initiated coverage on shares of JFrog (NASDAQ:FROG) in a research report issued to clients and investors on Wednesday, MarketBeat reports. The firm set an “outperform” rating and a $45.00 price target on the stock. FBN Securities’ price target points to a potential upside of 35.34% from the company’s current price.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC cut their target price on JFrog from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. UBS Group initiated coverage on JFrog in a research report on Wednesday. They set a “buy” rating and a $41.00 target price on the stock. Morgan Stanley cut their target price on JFrog from $52.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. Scotiabank cut their price target on JFrog from $45.00 to $40.00 and set a “sector perform” rating on the stock in a report on Friday, May 10th. Finally, DA Davidson increased their price target on JFrog from $45.00 to $55.00 in a report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.73.

JFrog Trading Down 0.6 %

Shares of FROG stock opened at $33.25 on Wednesday. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of -70.74 and a beta of 1.01. The stock has a 50-day moving average of $39.72 and a 200-day moving average of $36.11. JFrog has a 1-year low of $21.38 and a 1-year high of $48.81.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. The company had revenue of $100.31 million during the quarter, compared to analysts’ expectations of $98.63 million. Sell-side analysts forecast that JFrog will post -0.21 earnings per share for the current year.

Insider Transactions at JFrog

In other news, CFO Eduard Grabscheid sold 605 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $43.89, for a total value of $26,553.45. Following the completion of the sale, the chief financial officer now directly owns 85,565 shares of the company’s stock, valued at $3,755,447.85. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Yossi Sela sold 4,797 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $43.82, for a total transaction of $210,204.54. Following the completion of the sale, the director now directly owns 375,515 shares of the company’s stock, valued at $16,455,067.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eduard Grabscheid sold 605 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $26,553.45. Following the sale, the chief financial officer now directly owns 85,565 shares of the company’s stock, valued at $3,755,447.85. The disclosure for this sale can be found here. Insiders sold a total of 211,455 shares of company stock valued at $8,282,794 over the last ninety days. 15.70% of the stock is currently owned by insiders.

Institutional Trading of JFrog

A number of large investors have recently bought and sold shares of the company. Washington Harbour Partners LP increased its position in JFrog by 3.1% in the first quarter. Washington Harbour Partners LP now owns 101,267 shares of the company’s stock worth $4,478,000 after buying an additional 3,000 shares during the last quarter. Castleark Management LLC purchased a new stake in JFrog in the first quarter worth $4,979,000. Tidal Investments LLC purchased a new stake in JFrog in the first quarter worth $3,251,000. California State Teachers Retirement System increased its position in JFrog by 9.0% in the first quarter. California State Teachers Retirement System now owns 75,583 shares of the company’s stock worth $3,342,000 after buying an additional 6,272 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in JFrog by 31.1% in the first quarter. Janus Henderson Group PLC now owns 42,781 shares of the company’s stock worth $1,892,000 after buying an additional 10,142 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

About JFrog

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.