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

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.

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

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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