JFrog (NASDAQ:FROG) Lowered to "Hold" Rating by Wall Street Zen

JFrog (NASDAQ:FROG - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

FROG has been the subject of a number of other reports. DA Davidson boosted their price objective on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Raymond James Financial initiated coverage on JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price target for the company. Barclays lowered their price target on JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $46.00 price target on shares of JFrog in a report on Monday, May 5th. Finally, Morgan Stanley upped their price target on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, JFrog presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.44.

JFrog Price Performance

Shares of NASDAQ:FROG opened at $40.68 on Friday. The firm has a market capitalization of $4.66 billion, a PE ratio of -57.30 and a beta of 1.07. The firm's 50-day moving average is $38.72 and its two-hundred day moving average is $35.20. JFrog has a 1 year low of $22.91 and a 1 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. The company had revenue of $122.41 million for the quarter, compared to analyst estimates of $117.44 million. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. Analysts expect that JFrog will post -0.33 EPS for the current fiscal year.

Insider Transactions at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $30.04, for a total value of $533,961.00. Following the completion of the transaction, the chief executive officer now owns 4,929,755 shares in the company, valued at approximately $148,089,840.20. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Yoav Landman sold 20,000 shares of the stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the transaction, the chief technology officer now owns 6,436,901 shares of the company's stock, valued at $196,003,635.45. The trade was a 0.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 216,113 shares of company stock worth $8,568,964 over the last 90 days. 14.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position 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 increased its position in shares of JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after buying an additional 597 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after buying an additional 329 shares in the last quarter. Bayforest Capital Ltd purchased a new position in shares of JFrog in the first quarter valued at $104,000. Finally, Smartleaf Asset Management LLC increased its position 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 valued at $123,000 after buying an additional 800 shares in the last quarter. Hedge funds and other 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.

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