Shares of JFrog Ltd. (NASDAQ:FROG – Get Free Report) 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.
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Insider Buying and Selling
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 – Get Free Report) 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.
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