JFrog (NASDAQ:FROG – Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, February 14th. Analysts expect JFrog to post earnings of $0.13 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
JFrog Stock Performance
FROG opened at $37.33 on Tuesday. JFrog has a 52-week low of $17.11 and a 52-week high of $40.40. The firm has a market capitalization of $3.80 billion, a PE ratio of -51.85 and a beta of 0.85. The business’s 50-day simple moving average is $33.24 and its 200 day simple moving average is $28.73.
Wall Street Analyst Weigh In
Several analysts have issued reports on FROG shares. Oppenheimer upped their price objective on JFrog from $35.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. Morgan Stanley upgraded JFrog from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $32.00 to $42.00 in a research note on Thursday, December 21st. Truist Financial increased their price target on JFrog from $33.00 to $41.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Piper Sandler dropped their price target on JFrog from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Finally, Cantor Fitzgerald raised their target price on JFrog from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, JFrog has an average rating of “Moderate Buy” and an average price target of $36.64.
Insider Transactions at JFrog
In other news, Director Yossi Sela sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $27.06, for a total value of $135,300.00. Following the completion of the sale, the director now directly owns 344,109 shares in the company, valued at approximately $9,311,589.54. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other JFrog news, Director Yossi Sela sold 5,000 shares of JFrog stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $27.06, for a total transaction of $135,300.00. Following the completion of the transaction, the director now owns 344,109 shares in the company, valued at approximately $9,311,589.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 1,200 shares of JFrog stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total transaction of $42,000.00. Following the completion of the sale, the chief executive officer now directly owns 4,969,129 shares in the company, valued at approximately $173,919,515. The disclosure for this sale can be found here. In the last ninety days, insiders sold 412,243 shares of company stock valued at $13,722,858. Corporate insiders own 30.60% of the company’s stock.
Institutional Trading of JFrog
Institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. purchased a new stake in JFrog during the first quarter valued at about $25,000. Advisors Asset Management Inc. boosted its position in JFrog by 148.3% during the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock valued at $35,000 after buying an additional 829 shares during the period. US Bancorp DE raised its stake in shares of JFrog by 2,303.3% during the first quarter. US Bancorp DE now owns 2,211 shares of the company’s stock valued at $60,000 after acquiring an additional 2,119 shares during the last quarter. Quarry LP bought a new position in shares of JFrog during the first quarter valued at about $64,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of JFrog during the second quarter valued at about $68,000. 57.65% of the stock is currently owned by hedge funds and other institutional investors.
JFrog Company Profile
JFrog Ltd. provides DevOps platform in the United States, Israel, and internationally. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration and continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; JFrog Distribution that provides software package distribution with enterprise-grade performance; and JFrog Advanced Security, an binary scanning solution that offers secrets detection, contextual analysis, IaC scanning, container scanning, and others.
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