JFrog (NASDAQ:FROG) Now Covered by Analysts at FBN Securities

FBN Securities started coverage on shares of JFrog (NASDAQ:FROG) in a report published on Wednesday, MarketBeat.com reports. The firm issued an outperform rating and a $45.00 target price on the stock.

FROG has been the subject of several other research reports. DA Davidson upped their price target on shares of JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. Scotiabank decreased their target price on shares of JFrog from $45.00 to $40.00 and set a sector perform rating for the company in a research note on Friday, May 10th. Cantor Fitzgerald raised their price target on JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. Truist Financial upped their price objective on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th. Finally, Bank Of America (Bofa) lifted their target price on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, JFrog has a consensus rating of Moderate Buy and a consensus price target of $42.73.

JFrog Price Performance

NASDAQ FROG opened at $32.94 on Wednesday. The company has a fifty day moving average of $39.53 and a two-hundred day moving average of $36.15. The company has a market capitalization of $3.36 billion, a PE ratio of -70.09 and a beta of 1.01. JFrog has a 1 year low of $21.38 and a 1 year high of $48.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $100.31 million for the quarter, compared to the consensus estimate of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. On average, research analysts expect that JFrog will post -0.21 earnings per share for the current year.

Insider Transactions at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $32.70, for a total value of $1,144,500.00. Following the completion of the sale, the director now owns 4,619,432 shares in the company, valued at $151,055,426.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $32.70, for a total value of $1,144,500.00. Following the completion of the transaction, the director now directly owns 4,619,432 shares of the company’s stock, valued at approximately $151,055,426.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $38.70, for a total value of $1,548,000.00. Following the sale, the chief technology officer now owns 6,731,371 shares in the company, valued at $260,504,057.70. The disclosure for this sale can be found here. Insiders have sold a total of 211,455 shares of company stock valued at $8,282,794 in the last ninety days. 15.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JFrog

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of JFrog by 7.4% in the first quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock valued at $335,141,000 after purchasing an additional 523,432 shares in the last quarter. Praesidium Investment Management Company LLC grew its holdings in JFrog by 6.5% during the 4th quarter. Praesidium Investment Management Company LLC now owns 1,943,381 shares of the company’s stock valued at $67,260,000 after buying an additional 118,473 shares during the last quarter. William Blair Investment Management LLC increased its position in JFrog by 6.3% during the third quarter. William Blair Investment Management LLC now owns 1,733,639 shares of the company’s stock worth $43,965,000 after buying an additional 102,561 shares in the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of JFrog by 4.4% in the first quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock worth $76,160,000 after acquiring an additional 73,036 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of JFrog by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,575,867 shares of the company’s stock valued at $54,542,000 after acquiring an additional 145,465 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.