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JFrog Ltd. (NASDAQ:FROG) Receives Average Recommendation of "Moderate Buy" from Brokerages

JFrog logo with Computer and Technology background

Shares of JFrog Ltd. (NASDAQ:FROG - Get Free Report) have received a consensus rating of "Moderate Buy" from the eighteen research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $42.06.

A number of research firms have issued reports on FROG. DA Davidson lifted their price objective on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Morgan Stanley lifted their price objective on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Barclays reduced their price objective on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Raymond James Financial set a $50.00 price objective on JFrog and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $46.00 price objective on shares of JFrog in a research note on Monday, May 5th.

Check Out Our Latest Analysis on JFrog

Insider Activity at JFrog

In related news, CEO Ben Haim Shlomi sold 54,279 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.07, for a total transaction of $2,337,796.53. Following the completion of the transaction, the chief executive officer owned 4,996,412 shares in the company, valued at $215,195,464.84. The trade was a 1.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total value of $1,459,850.00. Following the transaction, the director owned 4,239,903 shares of the company's stock, valued at approximately $176,846,354.13. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,338 shares of company stock worth $11,050,150 over the last quarter. 14.10% of the stock is owned by insiders.

Hedge Funds Weigh In On JFrog

A number of large investors have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its holdings in shares of JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after buying an additional 574 shares during the period. Signaturefd LLC lifted its holdings in shares of JFrog by 90.9% in the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after buying an additional 597 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of JFrog by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after buying an additional 329 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of JFrog in the 1st quarter worth $104,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of JFrog by 26.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after buying an additional 800 shares during the period. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Trading Down 3.5%

Shares of FROG opened at $40.56 on Friday. The business's 50 day moving average is $41.57 and its 200 day moving average is $36.32. The company has a market capitalization of $4.65 billion, a PE ratio of -57.13 and a beta of 1.06. JFrog has a 12-month low of $22.91 and a 12-month high of $45.10.

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

About JFrog

(Get Free Report

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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Analyst Recommendations for JFrog (NASDAQ:FROG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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