JFrog (NASDAQ:FROG) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of JFrog (NASDAQ:FROG - Free Report) in a report released on Monday morning,Benzinga reports. They currently have a $46.00 price objective on the stock.

Several other brokerages have also recently issued reports on FROG. Scotiabank reduced their price objective on JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. KeyCorp restated an "overweight" rating and issued a $46.00 price objective (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. DA Davidson dropped their target price on JFrog from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus increased their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Raymond James assumed coverage on shares of JFrog in a research note on Friday, April 11th. They set an "outperform" rating and a $40.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $41.65.

JFrog Price Performance

Shares of FROG traded up $3.45 during midday trading on Monday, reaching $38.71. 3,227,097 shares of the stock were exchanged, compared to its average volume of 1,167,262. The business's 50-day moving average price is $32.81 and its 200 day moving average price is $32.77. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of -61.44 and a beta of 0.97. JFrog has a twelve month low of $22.91 and a twelve month high of $43.00.

JFrog (NASDAQ:FROG - Get Free Report) last announced its 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 net margin of 16.16% and a negative return on equity of 6.42%. The company had revenue of $122.41 million during the quarter, compared to analysts' expectations of $117.44 million. During the same quarter in the previous year, the business posted $0.16 earnings per share. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. As a group, equities research analysts expect that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 41,829 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $1,528,849.95. Following the transaction, the chief executive officer now directly owns 4,982,254 shares of the company's stock, valued at $182,101,383.70. This trade represents a 0.83 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the director now owns 4,354,432 shares in the company, valued at $124,798,021.12. This represents a 0.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 298,542 shares of company stock worth $10,443,488. Company insiders own 14.10% of the company's stock.

Hedge Funds Weigh In On JFrog

A number of institutional investors have recently modified their holdings of FROG. Geode Capital Management LLC grew its position in JFrog by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 135,642 shares of the company's stock worth $3,939,000 after acquiring an additional 2,183 shares during the last quarter. Principal Financial Group Inc. raised its stake in JFrog by 55.8% during the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after buying an additional 514,895 shares during the last quarter. JPMorgan Chase & Co. boosted its position in JFrog by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company's stock valued at $43,817,000 after acquiring an additional 159,483 shares during the last quarter. Diversified Trust Co raised its position in shares of JFrog by 74.0% in the 4th quarter. Diversified Trust Co now owns 27,962 shares of the company's stock worth $822,000 after acquiring an additional 11,890 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of JFrog during the 4th quarter valued at about $204,000. Institutional investors and hedge funds own 85.02% of the company's stock.

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.