JFrog Ltd. (NASDAQ:FROG) Given Consensus Rating of "Moderate Buy" by Analysts

JFrog Ltd. (NASDAQ:FROG - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eighteen ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $42.06.

FROG has been the subject of a number of recent research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $46.00 price target on shares of JFrog in a research report on Monday, May 5th. Morgan Stanley boosted their price target on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Scotiabank decreased their price objective on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. 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, Barclays lowered their target price on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 9th.

JFrog Stock Down 1.8%

NASDAQ:FROG traded down $0.73 during trading hours on Friday, hitting $39.83. 878,773 shares of the stock were exchanged, compared to its average volume of 1,123,136. The company's 50 day moving average is $41.57 and its two-hundred day moving average is $36.32. The company has a market capitalization of $4.56 billion, a P/E ratio of -56.10 and a beta of 1.06. JFrog has a twelve month low of $22.91 and a twelve 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. 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 for the quarter, compared to analyst estimates of $117.44 million. During the same quarter last year, the firm earned $0.16 EPS. The company's revenue for the quarter was up 22.0% on a year-over-year basis. On average, equities research analysts expect that JFrog will post -0.33 EPS for the current year.

Insider Buying and Selling at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $41.71, for a total transaction of $1,459,850.00. Following the completion of the sale, the director directly owned 4,239,903 shares in the company, valued at approximately $176,846,354.13. This represents a 0.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 15,000 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $41.75, for a total transaction of $626,250.00. Following the sale, the chief executive officer owned 4,981,412 shares in the company, valued at $207,973,951. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 258,338 shares of company stock valued at $11,050,150 over the last ninety days. 14.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FROG. Jones Financial Companies Lllp boosted its stake 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 valued at $35,000 after purchasing an additional 574 shares in the last quarter. Signaturefd LLC grew its stake in shares of JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after purchasing an additional 597 shares during the last quarter. PNC Financial Services Group Inc. raised its position in JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after purchasing an additional 329 shares during the last quarter. Bayforest Capital Ltd bought a new stake in shares of JFrog in the 1st quarter valued at about $104,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after acquiring an additional 800 shares during the period. 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.