JFrog (NASDAQ:FROG) Upgraded at Wall Street Zen

JFrog (NASDAQ:FROG - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Other research analysts have also issued reports about the stock. Morgan Stanley increased their price target on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Barclays dropped their price objective on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Truist Financial boosted their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. DA Davidson lifted their price objective on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $46.00 price objective on shares of JFrog in a research report on Monday, May 5th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.44.

JFrog Trading Up 1.4%

Shares of NASDAQ:FROG traded up $0.61 during trading on Friday, reaching $43.10. The company had a trading volume of 553,160 shares, compared to its average volume of 1,134,096. The company has a fifty day moving average of $34.67 and a two-hundred day moving average of $33.76. The stock has a market capitalization of $4.94 billion, a P/E ratio of -68.41 and a beta of 0.97. JFrog has a 12 month low of $22.91 and a 12 month high of $43.79.

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

Insider Transactions at JFrog

In related news, Director Frederic Simon sold 20,000 shares of the firm's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total value of $573,200.00. Following the completion of the sale, the director now owns 4,354,432 shares in the company, valued at $124,798,021.12. This trade represents a 0.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CRO Tali Notman sold 16,548 shares of JFrog stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.55, for a total transaction of $604,829.40. Following the transaction, the executive now owns 744,903 shares of the company's stock, valued at approximately $27,226,204.65. The trade was a 2.17% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 212,548 shares of company stock worth $7,167,041. Insiders own 14.10% of the company's stock.

Institutional Investors Weigh In On JFrog

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in JFrog by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock valued at $46,741,000 after acquiring an additional 80,432 shares in the last quarter. abrdn plc lifted its position in shares of JFrog by 4.1% in the fourth quarter. abrdn plc now owns 772,202 shares of the company's stock worth $22,784,000 after purchasing an additional 30,392 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of JFrog by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after purchasing an additional 349,532 shares in the last quarter. Peregrine Capital Management LLC increased its holdings in JFrog by 11.9% in the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock worth $9,642,000 after buying an additional 34,900 shares during the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after purchasing an additional 365,376 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.