Analysts Set JFrog Ltd. (NASDAQ:FROG) Price Target at $41.44

JFrog Ltd. (NASDAQ:FROG) has been assigned an average recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, thirteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $41.44.

FROG has been the topic of a number of recent research reports. Morgan Stanley upped their price objective on shares of JFrog from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Scotiabank cut their price target on JFrog from $40.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 24th. Barclays reduced their price target on JFrog from $48.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, May 9th. DA Davidson lifted their target price on shares of JFrog from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $46.00 price target on shares of JFrog in a report on Monday, May 5th.

Insider Transactions at JFrog

In other JFrog news, CTO Yoav Landman sold 20,000 shares of the business’s stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $30.45, for a total transaction of $609,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,436,901 shares in the company, valued at $196,003,635.45. The trade was a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 54,279 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.07, for a total transaction of $2,337,796.53. Following the completion of the transaction, the chief executive officer now owns 4,996,412 shares in the company, valued at $215,195,464.84. This trade represents a 1.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 216,113 shares of company stock worth $8,568,964 in the last ninety days. Insiders own 14.10% of the company’s stock.

Institutional Trading of JFrog

Several large investors have recently added to or reduced their stakes in FROG. PNC Financial Services Group Inc. raised its position in JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock worth $43,000 after acquiring an additional 329 shares during the period. California State Teachers Retirement System raised its holdings in JFrog by 0.5% in the 4th quarter. California State Teachers Retirement System now owns 80,898 shares of the company’s stock worth $2,379,000 after purchasing an additional 439 shares during the period. US Bancorp DE raised its holdings in JFrog by 7.7% in the 4th quarter. US Bancorp DE now owns 7,199 shares of the company’s stock worth $212,000 after purchasing an additional 512 shares during the period. IFP Advisors Inc lifted its position in JFrog by 10.2% during the first quarter. IFP Advisors Inc now owns 5,923 shares of the company’s stock valued at $190,000 after purchasing an additional 548 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its holdings in JFrog by 4.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company’s stock valued at $409,000 after purchasing an additional 564 shares during the period. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Down 2.0%

NASDAQ FROG opened at $40.68 on Monday. The firm has a market capitalization of $4.66 billion, a PE ratio of -57.30 and a beta of 1.07. The stock’s 50 day moving average is $38.72 and its 200 day moving average is $35.20. JFrog has a twelve month low of $22.91 and a twelve month high of $45.10.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $122.41 million for the quarter, compared to analysts’ expectations of $117.44 million. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. On average, research analysts anticipate that JFrog will post -0.33 earnings per share for the current year.

About JFrog

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.