JFrog (NASDAQ:FROG) Now Covered by Analysts at Robert W. Baird

Robert W. Baird assumed coverage on shares of JFrog (NASDAQ:FROG) in a report issued on Tuesday morning, MarketBeat.com reports. The firm issued an outperform rating and a $32.00 price objective on the stock.

A number of other brokerages have also weighed in on FROG. UBS Group dropped their price target on JFrog from $41.00 to $30.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Truist Financial dropped their price target on JFrog from $50.00 to $30.00 and set a buy rating on the stock in a research note on Thursday, August 8th. Oppenheimer downgraded JFrog from an outperform rating to a market perform rating in a report on Thursday, August 8th. Scotiabank decreased their target price on JFrog from $40.00 to $25.00 and set a sector perform rating for the company in a report on Thursday, August 8th. Finally, TD Cowen decreased their target price on JFrog from $50.00 to $32.00 and set a buy rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $37.67.

JFrog Stock Performance

Shares of FROG stock opened at $27.07 on Tuesday. JFrog has a fifty-two week low of $21.38 and a fifty-two week high of $48.81. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of -58.47 and a beta of 0.96. The stock’s 50-day simple moving average is $33.64 and its 200-day simple moving average is $37.25.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $25.68, for a total transaction of $385,200.00. Following the completion of the sale, the chief technology officer now directly owns 6,642,242 shares in the company, valued at $170,572,774.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $25.68, for a total transaction of $385,200.00. Following the completion of the sale, the chief technology officer now directly owns 6,642,242 shares in the company, valued at $170,572,774.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Tali Notman sold 5,882 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $37.51, for a total value of $220,633.82. Following the sale, the executive now owns 559,034 shares of the company’s stock, valued at $20,969,365.34. The disclosure for this sale can be found here. Insiders sold a total of 252,107 shares of company stock valued at $8,754,487 in the last three months. 15.70% of the stock is currently owned by company insiders.

Institutional Trading of JFrog

Several large investors have recently made changes to their positions in FROG. Mackenzie Financial Corp grew its holdings in JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after buying an additional 384 shares in the last quarter. George Kaiser Family Foundation grew its holdings in JFrog by 0.7% in the 2nd quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock valued at $2,818,000 after buying an additional 532 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in JFrog in the 1st quarter valued at $26,000. Advisors Asset Management Inc. grew its holdings in JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after buying an additional 662 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in JFrog by 6.0% in the 1st 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 in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.