JFrog (NASDAQ:FROG) Raised to Buy at Wall Street Zen

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

Several other equities research analysts have also commented on FROG. DA Davidson boosted their price target on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Raymond James Financial assumed coverage on JFrog in a research note on Friday, April 11th. They set an "outperform" rating and a $40.00 price target on the stock. Morgan Stanley boosted their price target on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Cantor Fitzgerald reissued an "overweight" rating and set a $46.00 price target on shares of JFrog in a research note on Monday, May 5th. Finally, Barclays decreased their price target on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $42.06.

JFrog Price Performance

NASDAQ FROG traded down $1.27 on Friday, hitting $42.61. 1,407,605 shares of the company's stock were exchanged, compared to its average volume of 1,118,633. The firm's 50-day moving average price is $40.17 and its two-hundred day moving average price is $35.78. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $45.10. The firm has a market cap of $4.88 billion, a price-to-earnings ratio of -60.01 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative return on equity of 7.24% and a negative net margin of 17.52%. The company had revenue of $122.41 million for the quarter, compared to analysts' expectations of $117.44 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm's quarterly revenue was up 22.0% on a year-over-year basis. On average, research analysts predict 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 54,279 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.07, for a total value of $2,337,796.53. Following the completion of the transaction, the chief executive officer directly owned 4,996,412 shares in the company, valued at approximately $215,195,464.84. The trade was a 1.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Tali Notman sold 23,157 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $43.16, for a total value of $999,456.12. Following the completion of the transaction, the executive owned 686,360 shares of the company's stock, valued at $29,623,297.60. This trade represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 216,113 shares of company stock worth $8,568,964 in the last quarter. Insiders own 14.10% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp raised its holdings in 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 acquiring an additional 574 shares during the last quarter. Signaturefd LLC increased its holdings in shares of JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after buying an additional 597 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after buying an additional 329 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of JFrog during the 1st quarter worth $104,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of JFrog by 26.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after buying an additional 800 shares during the last quarter. 85.02% of the stock is currently 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.