JFrog Ltd. (NASDAQ:FROG) Given Average Rating of “Moderate Buy” by Analysts

Shares of JFrog Ltd. (NASDAQ:FROG) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $37.72.

A number of analysts recently commented on the company. Needham & Company LLC raised their price target on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Baird R W raised shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Scotiabank boosted their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Piper Sandler lowered their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Thursday, August 8th. Finally, Oppenheimer downgraded JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th.

JFrog Stock Performance

NASDAQ FROG opened at $31.12 on Thursday. The stock has a market cap of $3.17 billion, a P/E ratio of -58.72 and a beta of 0.93. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The stock has a 50 day simple moving average of $29.97 and a two-hundred day simple moving average of $31.55.

Insider Buying and Selling

In other news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $30.86, for a total value of $1,080,100.00. Following the completion of the sale, the director now directly owns 4,514,432 shares in the company, valued at $139,315,371.52. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ben Haim Shlomi sold 20,606 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the transaction, the chief executive officer now owns 5,027,493 shares in the company, valued at approximately $136,043,960.58. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 179,153 shares of company stock worth $5,276,489 in the last three months. Insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

Large investors have recently added to or reduced their stakes in the stock. North Peak Capital Management LLC purchased a new position in shares of JFrog in the 3rd quarter worth $73,417,000. TimesSquare Capital Management LLC boosted its position in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after purchasing an additional 1,617,551 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of JFrog during the 3rd quarter valued at about $32,401,000. Meitav Investment House Ltd. grew its stake in shares of JFrog by 4,244.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock valued at $32,903,000 after purchasing an additional 856,451 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of JFrog by 172.5% in the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock worth $49,943,000 after purchasing an additional 841,956 shares during the period. Institutional investors 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.