JFrog Ltd. (NASDAQ:FROG) Receives Consensus Rating of “Moderate Buy” from Brokerages

JFrog Ltd. (NASDAQ:FROG) has received a consensus recommendation of “Moderate Buy” from the eighteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $37.72.

A number of research analysts recently issued reports on FROG shares. KeyCorp boosted their price objective on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. Scotiabank increased their price objective on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Stifel Nicolaus lowered their target price on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Needham & Company LLC increased 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. Finally, TD Cowen raised their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th.

JFrog Stock Performance

NASDAQ:FROG opened at $31.12 on Thursday. The stock has a 50-day simple moving average of $29.97 and a two-hundred day simple moving average of $31.55. The firm has a market capitalization of $3.17 billion, a PE ratio of -58.72 and a beta of 0.93. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81.

Insider Buying and Selling at JFrog

In other news, CEO Ben Haim Shlomi sold 20,606 shares of the business’s stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 5,027,493 shares of the company’s stock, valued at approximately $136,043,960.58. The trade was a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Tali Notman sold 11,621 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $314,464.26. Following the completion of the transaction, the executive now directly owns 547,413 shares in the company, valued at $14,812,995.78. This represents a 2.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 179,153 shares of company stock valued at $5,276,489 in the last quarter. 15.70% of the stock is owned by insiders.

Institutional Trading of JFrog

A number of large investors have recently modified their holdings of the company. Mackenzie Financial Corp raised its position in JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after purchasing an additional 384 shares in the last quarter. George Kaiser Family Foundation increased its stake in shares of JFrog by 0.7% during the second 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 during the period. Van ECK Associates Corp raised its holdings in shares of JFrog by 1.6% in the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after acquiring an additional 577 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after acquiring an additional 662 shares during the period. Finally, US Bancorp DE grew its holdings in JFrog by 13.6% during the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after acquiring an additional 798 shares in the last quarter. Hedge funds and other 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.