JFrog (NASDAQ:FROG) Stock Price Up 4.6% – What’s Next?

Shares of JFrog Ltd. (NASDAQ:FROG) rose 4.6% during mid-day trading on Friday . The company traded as high as $45.35 and last traded at $44.70. Approximately 257,733 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 1,088,303 shares. The stock had previously closed at $42.73.

Wall Street Analyst Weigh In

FROG has been the topic of a number of recent research reports. Raymond James Financial upped their target price on JFrog from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Wall Street Zen upgraded JFrog from a “hold” rating to a “buy” rating in a report on Sunday, June 29th. Stifel Nicolaus boosted their price target on JFrog from $45.00 to $53.00 and gave the company a “buy” rating in a report on Friday, August 8th. Scotiabank cut their price target on JFrog from $40.00 to $36.00 and set a “sector perform” rating for the company in a report on Thursday, April 24th. Finally, Robert W. Baird set a $47.00 price target on JFrog and gave the company an “outperform” rating in a report on Monday, August 4th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong 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 $46.87.

JFrog Stock Up 5.6%

The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of -58.58 and a beta of 1.06. The company has a 50 day simple moving average of $42.05 and a 200 day simple moving average of $38.15.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $127.20 million during the quarter, compared to analyst estimates of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.15 earnings per share. On average, research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Transactions at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $41.71, for a total value of $1,459,850.00. Following the completion of the sale, the director owned 4,239,903 shares in the company, valued at approximately $176,846,354.13. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 15,000 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $41.75, for a total value of $626,250.00. Following the completion of the sale, the chief executive officer owned 4,981,412 shares of the company’s stock, valued at approximately $207,973,951. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 308,338 shares of company stock valued at $13,154,150. Insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On JFrog

Large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets acquired a new stake in shares of JFrog in the fourth quarter valued at about $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of JFrog by 19.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company’s stock valued at $5,457,000 after buying an additional 30,035 shares in the last quarter. IVC Wealth Advisors LLC acquired a new stake in JFrog during the 1st quarter valued at approximately $220,000. Bank of Montreal Can acquired a new stake in JFrog during the 4th quarter valued at approximately $405,000. Finally, Malaga Cove Capital LLC acquired a new stake in JFrog during the 1st quarter valued at approximately $413,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.