JFrog Ltd. (NASDAQ:FROG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Key Points

• JFrog Ltd. has received a consensus rating of "Moderate Buy" from eighteen brokerages, with a target price of approximately $42.94.
• Recent earnings results showed JFrog outperforming expectations with $0.20 EPS compared to the consensus estimate of $0.16, alongside a 22.0% year-over-year revenue increase.
• Insider trading activity revealed that the CFO and CRO sold a combined total of shares exceeding $1.5 million, signaling a decrease in their positions in the company.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eighteen ratings firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $42.9375.

FROG has been the subject of a number of research reports. Robert W. Baird lifted their target price on shares of JFrog from $45.00 to $47.00 and gave the company an "outperform" rating in a research note on Monday. Raymond James Financial set a $50.00 price objective on JFrog and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Morgan Stanley boosted their target price on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $46.00 price target on shares of JFrog in a research note on Monday, May 5th. Finally, Barclays reiterated an "overweight" rating and set a $45.00 price target (up from $42.00) on shares of JFrog in a report on Monday, July 21st.

JFrog Stock Performance

NASDAQ FROG opened at $43.40 on Tuesday. JFrog has a 1 year low of $22.91 and a 1 year high of $45.99. The business's fifty day moving average is $42.22 and its two-hundred day moving average is $37.69. The stock has a market capitalization of $4.97 billion, a P/E ratio of -61.13 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The company had revenue of $122.41 million during the quarter, compared to analysts' expectations of $117.44 million. During the same period last year, the company posted $0.16 earnings per share. The business's revenue for the quarter was up 22.0% on a year-over-year basis. On average, research analysts forecast that JFrog will post -0.33 earnings per share for the current year.

Insider Activity at JFrog

In related news, CFO Eduard Grabscheid sold 13,043 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $45.00, for a total value of $586,935.00. Following the completion of the transaction, the chief financial officer owned 159,887 shares in the company, valued at $7,194,915. The trade was a 7.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Tali Notman sold 23,157 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.16, for a total value of $999,456.12. Following the transaction, the executive directly owned 686,360 shares in the company, valued at approximately $29,623,297.60. This represents a 3.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 258,338 shares of company stock valued at $11,050,150. 14.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets acquired a new position in JFrog in the fourth quarter valued at about $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of JFrog by 19.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock worth $5,457,000 after buying an additional 30,035 shares during the period. IVC Wealth Advisors LLC bought a new stake in shares of JFrog in the 1st quarter valued at about $220,000. Bank of Montreal Can acquired a new stake in shares of JFrog in the 4th quarter valued at approximately $405,000. Finally, One68 Global Capital LLC bought a new position in JFrog during the 4th quarter worth approximately $309,000. Institutional investors own 85.02% of the company's stock.

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.

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