JFrog (NASDAQ:FROG) Reaches New 1-Year High - What's Next?

JFrog Ltd. (NASDAQ:FROG - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $43.99 and last traded at $43.85, with a volume of 1043322 shares. The stock had previously closed at $42.94.

Wall Street Analyst Weigh In

FROG has been the subject of a number of research analyst reports. Truist Financial upped their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Needham & Company LLC upped their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $46.00 target price on shares of JFrog in a research note on Monday, May 5th. Finally, Raymond James initiated coverage on shares of JFrog in a research note on Friday, April 11th. They issued an "outperform" rating and a $40.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, JFrog has an average rating of "Moderate Buy" and a consensus target price of $41.44.

JFrog Stock Performance

The stock has a market capitalization of $4.91 billion, a P/E ratio of -68.00 and a beta of 1.07. The company's fifty day simple moving average is $36.02 and its two-hundred day simple moving average is $34.31.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $122.41 million for the quarter, compared to analysts' expectations of $117.44 million. During the same period in the prior year, the firm earned $0.16 EPS. The business's revenue was up 22.0% on a year-over-year basis. On average, research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Frederic Simon sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total transaction of $573,200.00. Following the sale, the director now owns 4,354,432 shares in the company, valued at approximately $124,798,021.12. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $30.04, for a total transaction of $533,961.00. Following the completion of the transaction, the chief executive officer now directly owns 4,929,755 shares of the company's stock, valued at approximately $148,089,840.20. The trade was a 0.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,499 shares of company stock worth $4,789,500 in the last quarter. Corporate insiders own 14.10% of the company's stock.

Hedge Funds Weigh In On JFrog

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in JFrog by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock worth $283,903,000 after buying an additional 35,458 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in JFrog by 6.5% during the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock worth $115,933,000 after buying an additional 222,635 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in JFrog by 65.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock worth $84,166,000 after purchasing an additional 1,037,482 shares during the period. Champlain Investment Partners LLC grew its holdings in JFrog by 48.4% in the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after purchasing an additional 797,949 shares during the period. Finally, Wasatch Advisors LP grew its holdings in JFrog by 3.3% in the fourth quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock worth $65,028,000 after purchasing an additional 70,204 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.