JFrog (NASDAQ:FROG) Given Buy Rating at DA Davidson

DA Davidson reissued their buy rating on shares of JFrog (NASDAQ:FROG) in a research report released on Wednesday, Benzinga reports. The brokerage currently has a $40.00 price objective on the stock.

FROG has been the subject of several other research reports. KeyCorp cut their price objective on JFrog from $46.00 to $30.00 and set an overweight rating for the company in a research report on Thursday, August 8th. Needham & Company LLC increased their price objective on JFrog from $30.00 to $33.00 and gave the company a buy rating in a research report on Thursday, September 5th. Barclays lowered their price objective on shares of JFrog from $50.00 to $40.00 and set an overweight rating on the stock in a research note on Friday, August 9th. Canaccord Genuity Group cut their target price on shares of JFrog from $48.00 to $38.00 and set a buy rating for the company in a research note on Thursday, August 8th. Finally, FBN Securities assumed coverage on shares of JFrog in a research report on Wednesday, May 22nd. They issued an outperform rating and a $45.00 price target on the stock. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, JFrog currently has an average rating of Moderate Buy and a consensus target price of $36.28.

JFrog Stock Performance

FROG opened at $27.99 on Wednesday. The firm has a market cap of $2.85 billion, a P/E ratio of -59.55 and a beta of 0.93. The business has a 50 day moving average price of $31.57 and a 200 day moving average price of $35.89. JFrog has a twelve month low of $21.38 and a twelve month high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. As a group, analysts anticipate that JFrog will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In related news, CRO Tali Notman sold 10,699 shares of JFrog stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $28.29, for a total transaction of $302,674.71. Following the completion of the transaction, the executive now directly owns 536,714 shares of the company’s stock, valued at approximately $15,183,639.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other JFrog news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $36.39, for a total value of $545,850.00. Following the transaction, the chief technology officer now owns 6,682,242 shares of the company’s stock, valued at $243,166,786.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Tali Notman sold 10,699 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $28.29, for a total value of $302,674.71. Following the completion of the sale, the executive now owns 536,714 shares of the company’s stock, valued at $15,183,639.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 203,040 shares of company stock valued at $6,818,795. 15.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC bought a new position in shares of JFrog in the fourth quarter worth about $35,000. Future Financial Wealth Managment LLC acquired a new stake in shares of JFrog in the first quarter valued at approximately $44,000. Advisors Asset Management Inc. increased its holdings in shares of JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after purchasing an additional 662 shares in the last quarter. RiverPark Advisors LLC bought a new position in JFrog in the 1st quarter worth approximately $140,000. Finally, SG Americas Securities LLC acquired a new position in JFrog during the 2nd quarter worth $187,000. Institutional investors and hedge funds 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.