Brokerages Set JFrog Ltd. (NASDAQ:FROG) PT at $37.72

Shares of JFrog Ltd. (NASDAQ:FROG) have received an average rating of “Moderate Buy” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $37.72.

Several research firms have weighed in on FROG. Piper Sandler lowered their target price on JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Barclays dropped their price objective on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, November 11th. Stifel Nicolaus lowered their price target on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group increased their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, KeyCorp boosted their target price on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th.

Insider Transactions at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total value of $1,066,500.00. Following the sale, the chief executive officer now owns 4,975,229 shares of the company’s stock, valued at $149,256,870. This trade represents a 0.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Tali Notman sold 10,699 shares of JFrog stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $28.29, for a total value of $302,674.71. Following the completion of the transaction, the executive now directly owns 536,714 shares in the company, valued at approximately $15,183,639.06. This represents a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 146,085 shares of company stock worth $4,381,669. 15.70% of the stock is owned by insiders.

Institutional Investors Weigh In On JFrog

Several hedge funds and other institutional investors have recently modified their holdings of FROG. Advisors Asset Management Inc. raised its stake in JFrog by 33.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after purchasing an additional 662 shares during the last quarter. Lazard Asset Management LLC lifted its stake in shares of JFrog by 6.0% in the first quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock valued at $686,000 after buying an additional 879 shares during the period. Public Employees Retirement Association of Colorado acquired a new stake in JFrog during the first quarter worth about $497,000. Janus Henderson Group PLC increased its stake in JFrog by 31.1% during the first quarter. Janus Henderson Group PLC now owns 42,781 shares of the company’s stock valued at $1,892,000 after acquiring an additional 10,142 shares during the period. Finally, California State Teachers Retirement System raised its holdings in JFrog by 9.0% in the 1st quarter. California State Teachers Retirement System now owns 75,583 shares of the company’s stock valued at $3,342,000 after acquiring an additional 6,272 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Trading Down 1.1 %

Shares of FROG stock opened at $30.81 on Thursday. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of -58.17 and a beta of 0.93. JFrog has a 1-year low of $22.91 and a 1-year high of $48.81. The stock’s fifty day simple moving average is $30.08 and its 200-day simple moving average is $31.50.

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.