JFrog (NASDAQ:FROG) Research Coverage Started at TD Cowen

TD Cowen started coverage on shares of JFrog (NASDAQ:FROG) in a report published on Wednesday morning, Marketbeat.com reports. The firm issued a buy rating and a $50.00 price objective on the stock.

Several other analysts have also weighed in on FROG. Barclays began coverage on JFrog in a report on Wednesday, June 26th. They set an overweight rating and a $50.00 price target on the stock. Morgan Stanley reduced their target price on shares of JFrog from $52.00 to $47.00 and set an overweight rating for the company in a report on Friday, May 10th. Scotiabank reduced their target price on JFrog from $45.00 to $40.00 and set a sector perform rating on the stock in a research report on Friday, May 10th. Needham & Company LLC reissued a buy rating and issued a $45.00 target price on shares of JFrog in a research report on Tuesday, June 25th. Finally, FBN Securities initiated coverage on shares of JFrog in a report on Wednesday, May 22nd. They issued an outperform rating and a $45.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, JFrog presently has an average rating of Moderate Buy and a consensus target price of $45.07.

JFrog Price Performance

FROG opened at $39.51 on Wednesday. The company has a 50 day simple moving average of $34.82 and a two-hundred day simple moving average of $37.79. The firm has a market cap of $4.03 billion, a P/E ratio of -84.06 and a beta of 0.96. JFrog has a 1-year low of $21.38 and a 1-year high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting 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 the consensus estimate of $98.63 million. Equities analysts anticipate that JFrog will post -0.21 earnings per share for the current year.

Insider Activity at JFrog

In other news, CTO Yoav Landman sold 15,100 shares of the firm’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $33.27, for a total value of $502,377.00. Following the transaction, the chief technology officer now directly owns 6,716,271 shares of the company’s stock, valued at $223,450,336.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CTO Yoav Landman sold 15,100 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $33.27, for a total value of $502,377.00. Following the completion of the sale, the chief technology officer now owns 6,716,271 shares of the company’s stock, valued at $223,450,336.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $32.70, for a total value of $1,144,500.00. Following the completion of the transaction, the director now owns 4,619,432 shares of the company’s stock, valued at $151,055,426.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 257,207 shares of company stock valued at $8,915,764. 15.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JFrog

Several institutional investors have recently bought and sold shares of FROG. Vanguard Group Inc. boosted its stake in shares of 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 period. Bank of New York Mellon Corp raised its holdings in shares of JFrog by 22.3% in the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after buying an additional 561,897 shares during the last quarter. Praesidium Investment Management Company LLC grew its stake in shares of JFrog by 6.5% in the 4th 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 stake in shares of JFrog by 4.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock worth $76,160,000 after acquiring an additional 73,036 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in JFrog by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,575,867 shares of the company’s stock valued at $54,542,000 after purchasing an additional 145,465 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

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.