JFrog (NASDAQ:FROG) Receives New Coverage from Analysts at Barclays

Barclays started coverage on shares of JFrog (NASDAQ:FROG) in a research report report published on Wednesday, MarketBeat reports. The firm issued an overweight rating and a $50.00 price target on the stock.

A number of other equities research analysts have also recently commented on the stock. DA Davidson raised their target price on shares of JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Bank Of America (Bofa) lifted their price objective on shares of JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. Truist Financial lifted their price objective on shares of JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. UBS Group began coverage on shares of JFrog in a research report on Wednesday, May 22nd. They set a buy rating and a $41.00 price objective on the stock. Finally, Needham & Company LLC reiterated a buy rating and set a $45.00 price objective on shares of JFrog in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $43.93.

JFrog Trading Up 2.2 %

NASDAQ FROG opened at $37.55 on Wednesday. JFrog has a 12 month low of $21.38 and a 12 month high of $48.81. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of -79.89 and a beta of 0.93. The company’s 50 day moving average is $35.28 and its two-hundred day moving average is $37.24.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, hitting analysts’ consensus estimates of ($0.05). JFrog had a negative net margin of 13.29% and a negative return on equity of 4.62%. The company had revenue of $100.31 million for the quarter, compared to analysts’ expectations of $98.63 million. Sell-side analysts forecast that JFrog will post -0.21 EPS for the current year.

Insider Activity at JFrog

In related news, CEO Ben Haim Shlomi sold 57,550 shares of JFrog stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $32.32, for a total value of $1,860,016.00. Following the completion of the sale, the chief executive officer now directly owns 5,048,099 shares in the company, valued at $163,154,559.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JFrog news, CEO Ben Haim Shlomi sold 57,550 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $32.32, for a total value of $1,860,016.00. Following the completion of the transaction, the chief executive officer now directly owns 5,048,099 shares in the company, valued at $163,154,559.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Yoav Landman sold 2,250 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $35.28, for a total transaction of $79,380.00. Following the completion of the transaction, the chief technology officer now owns 6,744,892 shares of the company’s stock, valued at $237,959,789.76. The disclosure for this sale can be found here. Insiders sold 241,048 shares of company stock worth $8,433,115 over the last three months. 15.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JFrog

Large investors have recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. increased its holdings in shares of 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 acquiring an additional 535 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of JFrog during the first quarter valued at about $26,000. Advisors Asset Management Inc. increased its holdings in shares of JFrog by 33.9% during the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after acquiring an additional 662 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of JFrog by 6.0% during the first quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock valued at $686,000 after acquiring an additional 879 shares in the last quarter. Finally, Frazier Financial Advisors LLC acquired a new position in shares of JFrog during the fourth quarter valued at about $35,000. 85.02% of the stock is currently owned by institutional investors.

JFrog Company Profile

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.