JFrog Ltd. (NASDAQ:FROG) Receives $43.93 Average Target Price from Analysts

Shares of JFrog Ltd. (NASDAQ:FROG) have been assigned an average recommendation of “Moderate Buy” from the fifteen research firms that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $43.93.

A number of equities analysts recently issued reports on FROG shares. 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 report on Friday, May 10th. Morgan Stanley lowered their price objective on shares of JFrog from $52.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. FBN Securities began coverage on JFrog in a research report on Wednesday, May 22nd. They issued an “outperform” rating and a $45.00 target price for the company. UBS Group initiated coverage on JFrog in a research note on Wednesday, May 22nd. They set a “buy” rating and a $41.00 price target for the company. Finally, Truist Financial boosted their price objective on JFrog from $41.00 to $50.00 in a research note on Thursday, March 7th.

Insiders Place Their Bets

In other news, CEO Ben Haim Shlomi sold 57,550 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $32.32, for a total transaction of $1,860,016.00. Following the sale, the chief executive officer now owns 5,048,099 shares in the company, valued at $163,154,559.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ben Haim Shlomi sold 57,550 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $32.32, for a total value of $1,860,016.00. Following the completion of the sale, the chief executive officer now owns 5,048,099 shares of the company’s stock, valued at $163,154,559.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Tali Notman sold 6,000 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $42.60, for a total value of $255,600.00. Following the transaction, the executive now directly owns 522,348 shares in the company, valued at $22,252,024.80. The disclosure for this sale can be found here. Insiders sold a total of 263,207 shares of company stock worth $9,250,464 over the last ninety days. 15.70% of the stock is currently owned by company insiders.

Institutional Trading of JFrog

A number of hedge funds have recently made changes to their positions in FROG. Quadrature Capital Ltd acquired a new position in JFrog in the 4th quarter valued at approximately $2,206,000. Syon Capital LLC acquired a new position in shares of JFrog in the fourth quarter worth $22,086,000. Vanguard Group Inc. raised its holdings in shares of JFrog by 10.7% during the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after acquiring an additional 679,007 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in JFrog by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,575,867 shares of the company’s stock valued at $54,542,000 after purchasing an additional 145,465 shares during the last quarter. Finally, Flight Deck Capital LP purchased a new position in JFrog in the fourth quarter valued at about $3,357,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Trading Down 0.8 %

FROG opened at $35.69 on Monday. The business’s 50 day moving average is $35.13 and its 200-day moving average is $37.35. The stock has a market cap of $3.64 billion, a PE ratio of -75.94 and a beta of 0.96. JFrog has a twelve month low of $21.38 and a twelve month high of $48.81.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. The firm had revenue of $100.31 million for the quarter, compared to the consensus estimate of $98.63 million. As a group, analysts forecast that JFrog will post -0.21 EPS 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.