Brokerages Set JFrog Ltd. (NASDAQ:FROG) Price Target at $43.46

Shares of JFrog Ltd. (NASDAQ:FROG) have earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $43.46.

FROG has been the subject of a number of research reports. DA Davidson increased their target price on JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Cantor Fitzgerald increased their target price on JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. Bank Of America (Bofa) increased their target price on JFrog from $36.00 to $54.00 in a research note on Thursday, March 7th. Needham & Company LLC raised their price target on shares of JFrog from $40.00 to $55.00 in a research note on Thursday, March 7th. Finally, KeyCorp began coverage on shares of JFrog in a research note on Tuesday, March 19th. They set an “overweight” rating and a $52.00 price target for the company.

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 32,724 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $43.89, for a total transaction of $1,436,256.36. Following the completion of the sale, the chief executive officer now owns 4,987,300 shares of the company’s stock, valued at approximately $218,892,597. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ben Haim Shlomi sold 32,724 shares of JFrog stock in a transaction on Monday, March 4th. The stock was sold at an average price of $43.89, for a total transaction of $1,436,256.36. Following the completion of the sale, the chief executive officer now owns 4,987,300 shares of the company’s stock, valued at $218,892,597. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yoav Landman sold 110,000 shares of JFrog stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $47.28, for a total value of $5,200,800.00. Following the sale, the chief technology officer now directly owns 6,811,371 shares of the company’s stock, valued at approximately $322,041,620.88. The disclosure for this sale can be found here. Insiders sold 466,355 shares of company stock valued at $20,976,067 in the last quarter. 30.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On JFrog

A number of hedge funds and other institutional investors have recently modified their holdings of FROG. Arcadia Investment Management Corp MI bought a new position in shares of JFrog in the first quarter worth $26,000. Fred Alger Management LLC bought a new position in shares of JFrog in the third quarter worth $35,000. Frazier Financial Advisors LLC bought a new position in shares of JFrog in the fourth quarter worth $35,000. Future Financial Wealth Managment LLC bought a new position in shares of JFrog in the first quarter worth $44,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of JFrog in the third quarter worth $170,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Price Performance

Shares of FROG stock opened at $39.17 on Wednesday. The stock has a market cap of $3.99 billion, a PE ratio of -65.28 and a beta of 0.99. The stock has a 50-day moving average of $42.36 and a 200-day moving average of $34.13. JFrog has a one year low of $17.11 and a one year high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, meeting analysts’ consensus estimates of ($0.07). The company had revenue of $97.26 million during the quarter, compared to analysts’ expectations of $93.07 million. JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. As a group, 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.