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

JFrog Ltd. (NASDAQ:FROG - Get Free Report) has received an average recommendation of "Moderate Buy" from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $41.06.

FROG has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th. DA Davidson reduced their price target on JFrog from $50.00 to $40.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Needham & Company LLC boosted their price objective on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Morgan Stanley decreased their price objective on shares of JFrog from $44.00 to $39.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus upped their price target on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th.

JFrog Stock Up 0.2 %

Shares of FROG traded up $0.05 during trading hours on Friday, reaching $33.33. 1,273,433 shares of the company traded hands, compared to its average volume of 1,150,609. JFrog has a 12 month low of $22.91 and a 12 month high of $43.00. The company's fifty day moving average price is $33.13 and its two-hundred day moving average price is $32.55. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of -52.90 and a beta of 0.98.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). The business had revenue of $116.08 million during the quarter, compared to analysts' expectations of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. On average, analysts expect that JFrog will post -0.33 EPS for the current year.

Insider Buying and Selling

In related news, CEO Ben Haim Shlomi sold 17,775 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $36.73, for a total transaction of $652,875.75. Following the completion of the sale, the chief executive officer now directly owns 4,866,809 shares in the company, valued at approximately $178,757,894.57. The trade was a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $30.45, for a total transaction of $609,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,436,901 shares in the company, valued at $196,003,635.45. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 347,206 shares of company stock valued at $12,213,601. Corporate insiders own 14.10% of the company's stock.

Institutional Trading of JFrog

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in JFrog by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after purchasing an additional 349,532 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after purchasing an additional 365,376 shares in the last quarter. Champlain Investment Partners LLC boosted its stake in shares of JFrog by 48.4% in the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after purchasing an additional 797,949 shares during the period. Wasatch Advisors LP grew its holdings in shares of JFrog by 3.3% in the fourth quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock valued at $65,028,000 after purchasing an additional 70,204 shares in the last quarter. Finally, Mackenzie Financial Corp increased its stake in JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock worth $58,703,000 after buying an additional 965,912 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

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.