JFrog's (FROG) Overweight Rating Reiterated at Cantor Fitzgerald

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

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley reduced their price objective on JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus raised their price target on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Raymond James started coverage on JFrog in a report on Friday, April 11th. They set an "outperform" rating and a $40.00 price objective for the company. Barclays raised their target price on JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Finally, Truist Financial increased their price target on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.53.

JFrog Trading Up 0.5 %

NASDAQ FROG traded up $0.16 during trading hours on Monday, hitting $34.55. 911,143 shares of the company's stock were exchanged, compared to its average volume of 1,158,634. JFrog has a 1-year low of $22.91 and a 1-year high of $43.00. The stock has a 50-day simple moving average of $32.77 and a 200 day simple moving average of $32.68. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of -54.84 and a beta of 0.97.

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

Insider Activity at JFrog

In related news, CEO Ben Haim Shlomi sold 41,829 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the sale, the chief executive officer now owns 4,982,254 shares of the company's stock, valued at approximately $182,101,383.70. This represents a 0.83 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Yossi Sela sold 14,300 shares of the firm's stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total transaction of $579,436.00. Following the completion of the transaction, the director now directly owns 306,277 shares of the company's stock, valued at approximately $12,410,344.04. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 331,317 shares of company stock worth $11,639,213. 14.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in shares of JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after acquiring an additional 574 shares in the last quarter. Signaturefd LLC boosted its stake in shares of JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after purchasing an additional 597 shares in the last quarter. KBC Group NV increased its position in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after buying an additional 1,105 shares during the period. BankPlus Trust Department bought a new position in JFrog in the fourth quarter worth about $131,000. Finally, Tower Research Capital LLC TRC lifted its holdings in JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after buying an additional 5,297 shares during the period. Hedge funds and other institutional investors 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.