JFrog (NASDAQ:FROG) Stock Rating Upgraded by Raymond James

JFrog (NASDAQ:FROG) was upgraded by analysts at Raymond James to a “moderate buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

FROG has been the subject of several other research reports. Needham & Company LLC increased their target price on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Truist Financial raised their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. KeyCorp restated an “overweight” rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Barclays upped their target price on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.00.

JFrog Stock Up 2.0 %

FROG opened at $31.01 on Thursday. The stock’s 50 day moving average price is $34.59 and its two-hundred day moving average price is $32.28. The firm has a market capitalization of $3.55 billion, a P/E ratio of -49.22 and a beta of 0.98. JFrog has a 12-month low of $22.91 and a 12-month high of $43.00.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. As a group, analysts anticipate that JFrog will post -0.33 earnings per share for the current year.

Insider Activity

In related news, Director Yossi Sela sold 14,300 shares of JFrog stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total value of $579,436.00. Following the completion of the sale, the director now directly owns 306,277 shares in the company, valued at $12,410,344.04. This trade represents a 4.46 % 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 the SEC website. Also, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $31.78, for a total transaction of $1,112,300.00. Following the completion of the transaction, the director now directly owns 4,444,432 shares in the company, valued at $141,244,048.96. This trade represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 444,104 shares of company stock valued at $15,587,729 over the last three months. 15.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FROG. Jones Financial Companies Lllp increased its stake in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares in the last quarter. KBC Group NV raised its stake in JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after buying an additional 1,105 shares during the period. BankPlus Trust Department bought a new position in JFrog during the fourth quarter worth about $131,000. Tower Research Capital LLC TRC grew its stake in JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock valued at $156,000 after acquiring an additional 5,297 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of JFrog in the fourth quarter worth about $193,000. 85.02% of the stock is currently owned by institutional investors.

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.