JFrog Ltd. (NASDAQ:FROG) Receives $43.46 Consensus PT from Analysts

Shares of JFrog Ltd. (NASDAQ:FROG) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $43.46.

Several analysts recently weighed in on FROG shares. Bank Of America (Bofa) boosted their price objective on JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. Cantor Fitzgerald boosted their price objective on JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. Scotiabank started coverage on JFrog in a report on Thursday, March 7th. They issued a “buy” rating for the company. KeyCorp started coverage on JFrog in a report on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 price objective for the company. Finally, DA Davidson boosted their price objective on JFrog from $45.00 to $55.00 in a report on Thursday, March 7th.

Insiders Place Their Bets

In other JFrog news, CTO Yoav Landman sold 40,000 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $38.70, for a total value of $1,548,000.00. Following the transaction, the chief technology officer now owns 6,731,371 shares of the company’s stock, valued at $260,504,057.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other JFrog news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the sale, the director now directly owns 4,909,432 shares of the company’s stock, valued at approximately $168,540,800.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Yoav Landman sold 40,000 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the sale, the chief technology officer now directly owns 6,731,371 shares in the company, valued at $260,504,057.70. The disclosure for this sale can be found here. Insiders sold 502,555 shares of company stock worth $22,219,617 over the last ninety days. Company insiders own 30.60% of the company’s stock.

Institutional Trading of JFrog

Large investors have recently added to or reduced their stakes in the company. State of Wyoming boosted its holdings in JFrog by 11.4% during the fourth quarter. State of Wyoming now owns 5,102 shares of the company’s stock valued at $109,000 after acquiring an additional 523 shares during the period. Cornercap Investment Counsel Inc. boosted its holdings in JFrog by 1.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 45,767 shares of the company’s stock valued at $1,584,000 after acquiring an additional 535 shares during the period. Advisors Asset Management Inc. boosted its holdings 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 acquiring an additional 829 shares during the period. Frazier Financial Advisors LLC bought a new stake in JFrog during the fourth quarter valued at about $35,000. Finally, Future Financial Wealth Managment LLC bought a new stake in JFrog during the first quarter valued at about $44,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Price Performance

Shares of FROG opened at $37.14 on Wednesday. The stock’s 50-day moving average is $42.29 and its two-hundred day moving average is $33.80. The stock has a market cap of $3.78 billion, a PE ratio of -61.90 and a beta of 0.99. JFrog has a 12 month low of $17.11 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The company had revenue of $97.26 million for the quarter, compared to analysts’ expectations of $93.07 million. On average, research analysts anticipate that JFrog will post -0.21 earnings per share for the current year.

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.