JFrog Ltd. (NASDAQ:FROG) Receives $37.72 Average Target Price from Brokerages

Shares of JFrog Ltd. (NASDAQ:FROG) have been given an average rating of “Moderate Buy” by the eighteen ratings firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $37.72.

Several research analysts have weighed in on FROG shares. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price objective on shares of JFrog in a report on Tuesday, October 29th. Morgan Stanley lowered their target price on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. UBS Group increased their target price on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Piper Sandler lowered their target price 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, Stifel Nicolaus lowered their target price on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th.

JFrog Trading Up 0.1 %

FROG opened at $31.15 on Thursday. The company’s fifty day moving average price is $30.08 and its two-hundred day moving average price is $31.51. JFrog has a 1-year low of $22.91 and a 1-year high of $48.81. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -58.77 and a beta of 0.93.

Insider Activity at JFrog

In other JFrog 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 transaction of $1,080,100.00. Following the transaction, the director now directly owns 4,514,432 shares of the company’s stock, valued at approximately $139,315,371.52. This trade represents a 0.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $557,598.36. Following the transaction, the chief executive officer now directly owns 5,027,493 shares in the company, valued at $136,043,960.58. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 179,153 shares of company stock valued at $5,276,489 over the last three months. 15.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Tidal Investments LLC raised its stake in shares of JFrog by 4.6% during the third quarter. Tidal Investments LLC now owns 79,345 shares of the company’s stock worth $2,304,000 after acquiring an additional 3,507 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of JFrog by 99.2% during the third quarter. Sanctuary Advisors LLC now owns 9,972 shares of the company’s stock worth $321,000 after acquiring an additional 4,967 shares in the last quarter. Ashford Capital Management Inc. raised its stake in shares of JFrog by 33.1% during the third quarter. Ashford Capital Management Inc. now owns 381,470 shares of the company’s stock worth $11,078,000 after acquiring an additional 94,840 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of JFrog by 1.6% during the third quarter. Geode Capital Management LLC now owns 135,642 shares of the company’s stock worth $3,939,000 after acquiring an additional 2,183 shares in the last quarter. Finally, Vestcor Inc raised its stake in shares of JFrog by 180.0% during the third quarter. Vestcor Inc now owns 70,000 shares of the company’s stock worth $2,033,000 after acquiring an additional 45,000 shares in the last quarter. 85.02% of the stock is 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.