JFrog Ltd. (NASDAQ:FROG) Receives $43.46 Consensus Target Price from Analysts

Shares of JFrog Ltd. (NASDAQ:FROG) have earned a consensus recommendation of “Moderate Buy” from the twelve ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $43.46.

A number of equities research analysts have issued reports on FROG shares. Needham & Company LLC boosted their price target on JFrog from $40.00 to $55.00 in a research report on Thursday, March 7th. KeyCorp started coverage on JFrog in a research report on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 target price for the company. DA Davidson upped their target price on JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. Scotiabank started coverage on JFrog in a research report on Thursday, March 7th. They issued a “buy” rating for the company. Finally, Oppenheimer upped their target price on JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th.

Insider Activity at JFrog

In related news, CRO Tali Notman sold 6,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $31.34, for a total value of $188,040.00. Following the completion of the transaction, the executive now owns 545,755 shares of the company’s stock, valued at $17,103,961.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Tali Notman sold 6,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $31.34, for a total value of $188,040.00. Following the completion of the transaction, the executive now owns 545,755 shares of the company’s stock, valued at $17,103,961.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Yoav Landman sold 110,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $47.28, for a total value of $5,200,800.00. Following the completion of the transaction, the chief technology officer now directly owns 6,811,371 shares of the company’s stock, valued at approximately $322,041,620.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 472,555 shares of company stock valued at $20,934,357. Insiders own 30.60% of the company’s stock.

Institutional Trading of JFrog

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming raised its stake in JFrog by 11.4% during the fourth quarter. State of Wyoming now owns 5,102 shares of the company’s stock valued at $109,000 after buying an additional 523 shares in the last quarter. Cornercap Investment Counsel Inc. raised its stake in JFrog by 1.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 45,767 shares of the company’s stock valued at $1,584,000 after buying an additional 535 shares in the last quarter. Advisors Asset Management Inc. raised its stake in JFrog by 148.3% during the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock valued at $35,000 after buying an additional 829 shares in the last quarter. US Bancorp DE raised its stake in JFrog by 84.9% during the second quarter. US Bancorp DE now owns 2,047 shares of the company’s stock valued at $57,000 after buying an additional 940 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new stake in JFrog during the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Trading Down 0.7 %

FROG stock opened at $43.92 on Friday. The stock has a 50-day moving average price of $40.06 and a two-hundred day moving average price of $32.10. JFrog has a 12-month low of $17.11 and a 12-month high of $48.81. The company has a market cap of $4.47 billion, a PE ratio of -73.20 and a beta of 0.99.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The firm had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. Equities analysts forecast that JFrog will post -0.21 EPS for the current fiscal 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.