JFrog (NASDAQ:FROG) Stock Rating Upgraded by Wall Street Zen

JFrog (NASDAQ:FROG - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

A number of other equities analysts also recently issued reports on FROG. Cantor Fitzgerald reiterated an "overweight" rating and set a $46.00 price objective on shares of JFrog in a research note on Monday, May 5th. Barclays dropped 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. Raymond James initiated coverage on JFrog in a research note on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective for the company. DA Davidson lifted their price objective on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC boosted their price target on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.44.

JFrog Trading Down 0.4%

Shares of FROG traded down $0.17 during trading hours on Friday, reaching $42.93. 273,604 shares of the company traded hands, compared to its average volume of 1,130,744. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of -68.14 and a beta of 0.97. JFrog has a 12-month low of $22.91 and a 12-month high of $43.79. The stock's fifty day moving average price is $34.86 and its 200 day moving average price is $33.83.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company's revenue was up 22.0% on a year-over-year basis. On average, research analysts forecast that JFrog will post -0.33 earnings per share for the current year.

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 41,829 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the transaction, the chief executive officer now directly owns 4,982,254 shares in the company, valued at $182,101,383.70. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eduard Grabscheid sold 6,672 shares of JFrog 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 $243,861.60. Following the completion of the transaction, the chief financial officer now owns 166,236 shares of the company's stock, valued at $6,075,925.80. This trade represents a 3.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 212,548 shares of company stock worth $7,167,041 in the last ninety days. 14.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of JFrog by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock valued at $283,903,000 after buying an additional 35,458 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in JFrog by 6.5% in the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock valued at $115,933,000 after acquiring an additional 222,635 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of JFrog by 65.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock worth $84,166,000 after purchasing an additional 1,037,482 shares during the last quarter. Champlain Investment Partners LLC increased its position in shares of JFrog by 48.4% during the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after purchasing an additional 797,949 shares in the last quarter. Finally, Wasatch Advisors LP lifted its holdings in shares of JFrog by 3.3% in the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock valued at $65,028,000 after purchasing an additional 70,204 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

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.