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

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

FROG has been the subject of a number of other research reports. Canaccord Genuity Group raised their target price on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Stifel Nicolaus raised their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Truist Financial raised their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Morgan Stanley raised their target price 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. Finally, Scotiabank lowered their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Three research 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.44.

JFrog Price Performance

FROG stock traded up $0.18 during trading hours on Friday, reaching $42.90. The stock had a trading volume of 901,105 shares, compared to its average volume of 1,128,834. The stock has a market capitalization of $4.92 billion, a PE ratio of -68.10 and a beta of 0.97. The stock has a 50-day simple moving average of $35.20 and a 200 day simple moving average of $33.97. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $43.79.

JFrog (NASDAQ:FROG - Get Free Report) last posted 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. 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%. JFrog's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.16 EPS. On average, sell-side analysts forecast that JFrog will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling 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 firm's stock in a transaction dated Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total transaction of $573,200.00. Following the completion of the transaction, the director now directly owns 4,354,432 shares in the company, valued at approximately $124,798,021.12. This represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 212,548 shares of company stock valued at $7,167,041 in the last ninety days. 14.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JFrog

Hedge funds have recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its stake in shares of JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after purchasing an additional 574 shares in the last quarter. Signaturefd LLC boosted its stake in shares of JFrog by 90.9% in 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. PNC Financial Services Group Inc. boosted its stake in shares of JFrog by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after purchasing an additional 329 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in shares of JFrog in the 1st quarter valued at approximately $104,000. Finally, KBC Group NV boosted its stake in shares of JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after purchasing an additional 1,105 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.