Brokerages Set JFrog Ltd. (NASDAQ:FROG) Price Target at $37.72

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

Several brokerages have recently commented on FROG. UBS Group upped their price objective on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price target on shares of JFrog in a research note on Tuesday, October 29th. Robert W. Baird raised their price target on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Barclays cut their price objective on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Finally, TD Cowen increased their target price on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th.

Insider Buying and Selling at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 834 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $25,520.40. Following the transaction, the chief financial officer now directly owns 97,260 shares in the company, valued at $2,976,156. This represents a 0.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $30.26, for a total transaction of $453,900.00. Following the sale, the chief technology officer now owns 6,582,242 shares of the company’s stock, valued at $199,178,642.92. This represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 256,921 shares of company stock valued at $7,927,309. Insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On JFrog

Several hedge funds have recently made changes to their positions in the company. North Peak Capital Management LLC purchased a new stake in shares of JFrog in the 3rd quarter valued at about $73,417,000. TimesSquare Capital Management LLC boosted its holdings in shares of JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after acquiring an additional 1,617,551 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of JFrog in the third quarter valued at approximately $32,401,000. Meitav Investment House Ltd. grew its position in shares of JFrog by 4,244.7% during the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock worth $32,903,000 after acquiring an additional 856,451 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings 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 valued at $49,943,000 after acquiring an additional 841,956 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Price Performance

NASDAQ FROG opened at $30.49 on Monday. The stock has a market capitalization of $3.11 billion, a P/E ratio of -57.53 and a beta of 0.94. The firm’s 50-day moving average is $30.68 and its two-hundred day moving average is $31.26. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81.

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.