Wall Street Zen Downgrades JFrog (NASDAQ:FROG) to Hold

Wall Street Zen lowered shares of JFrog (NASDAQ:FROG - Free Report) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other equities research analysts have also weighed in on FROG. Morgan Stanley lifted their price objective on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Barclays reduced their target price on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Cantor Fitzgerald reissued an "overweight" rating and issued a $46.00 price objective on shares of JFrog in a research note on Monday, May 5th. DA Davidson raised their price objective on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Raymond James Financial began coverage on JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 target price for the company. Four investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.44.

JFrog Price Performance

Shares of JFrog stock traded up $1.54 during trading hours on Friday, reaching $43.06. The company's stock had a trading volume of 959,963 shares, compared to its average volume of 1,124,836. The firm has a 50 day moving average price of $38.93 and a 200-day moving average price of $35.32. The stock has a market cap of $4.93 billion, a P/E ratio of -60.65 and a beta of 1.07. JFrog has a one year low of $22.91 and a one year high of $45.10.

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

Insider Activity

In other JFrog news, Director Frederic Simon sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $28.66, for a total transaction of $573,200.00. Following the transaction, the director now owns 4,354,432 shares in the company, valued at approximately $124,798,021.12. This represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 54,279 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.07, for a total value of $2,337,796.53. Following the completion of the sale, the chief executive officer now directly owns 4,996,412 shares in the company, valued at approximately $215,195,464.84. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,113 shares of company stock valued at $8,568,964 in the last ninety days. Insiders own 14.10% of the company's stock.

Institutional Trading of JFrog

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its stake in shares of JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after buying an additional 574 shares in the last quarter. Signaturefd LLC boosted its position in shares of JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after acquiring an additional 597 shares in the last quarter. PNC Financial Services Group Inc. increased 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 valued at $43,000 after acquiring an additional 329 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of JFrog during the 1st quarter worth about $104,000. Finally, Smartleaf Asset Management LLC lifted its stake in JFrog by 26.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after purchasing an additional 800 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.