JFrog’s (FROG) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of JFrog (NASDAQ:FROG) in a research report report published on Thursday morning, Benzinga reports. They currently have a $45.00 target price on the stock.

Several other research analysts have also issued reports on FROG. DA Davidson raised their target price on JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. Truist Financial upped their target price on JFrog from $41.00 to $50.00 in a report on Thursday, March 7th. KeyCorp lowered their price target on shares of JFrog from $52.00 to $46.00 and set an overweight rating for the company in a report on Friday, May 10th. Cantor Fitzgerald upped their price objective on shares of JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. Finally, Morgan Stanley lowered their target price on shares of JFrog from $52.00 to $47.00 and set an overweight rating for the company in a research note on Friday, May 10th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, JFrog currently has a consensus rating of Moderate Buy and a consensus target price of $43.50.

JFrog Trading Down 0.9 %

JFrog stock opened at $33.66 on Thursday. The stock has a 50-day moving average price of $36.27 and a two-hundred day moving average price of $36.85. JFrog has a 12 month low of $21.38 and a 12 month high of $48.81. The company has a market capitalization of $3.43 billion, a PE ratio of -71.62 and a beta of 0.93.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). JFrog had a negative net margin of 13.29% and a negative return on equity of 4.62%. The business had revenue of $100.31 million for the quarter, compared to the consensus estimate of $98.63 million. As a group, analysts predict that JFrog will post -0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In related news, CTO Yoav Landman sold 2,250 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $35.28, for a total value of $79,380.00. Following the transaction, the chief technology officer now directly owns 6,744,892 shares in the company, valued at approximately $237,959,789.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other JFrog news, CTO Yoav Landman sold 2,250 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $35.28, for a total transaction of $79,380.00. Following the transaction, the chief technology officer now owns 6,744,892 shares in the company, valued at $237,959,789.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CRO Tali Notman sold 6,000 shares of JFrog stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $42.60, for a total transaction of $255,600.00. Following the transaction, the executive now owns 522,348 shares of the company’s stock, valued at $22,252,024.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 275,648 shares of company stock valued at $9,909,765. Company insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FROG. Vanguard Group Inc. raised its position in JFrog by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock valued at $335,141,000 after buying an additional 523,432 shares during the last quarter. Praesidium Investment Management Company LLC raised its holdings in shares of JFrog by 6.5% in the fourth quarter. Praesidium Investment Management Company LLC now owns 1,943,381 shares of the company’s stock valued at $67,260,000 after purchasing an additional 118,473 shares during the last quarter. Lord Abbett & CO. LLC lifted its position in shares of JFrog by 4.4% during the first quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock valued at $76,160,000 after purchasing an additional 73,036 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in JFrog by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,575,867 shares of the company’s stock worth $54,542,000 after purchasing an additional 145,465 shares during the last quarter. Finally, Fiera Capital Corp grew its position in JFrog by 1.4% in the 4th quarter. Fiera Capital Corp now owns 1,543,187 shares of the company’s stock worth $53,410,000 after purchasing an additional 21,156 shares in the last quarter. 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.