JFrog Ltd. (NASDAQ:FROG) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of JFrog Ltd. (NASDAQ:FROG) have earned an average recommendation of “Moderate Buy” from the eighteen research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $36.28.

FROG has been the subject of a number of research reports. Scotiabank decreased their target price on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. DA Davidson reissued a “buy” rating and issued a $40.00 target price on shares of JFrog in a report on Monday. Barclays cut their price target on JFrog from $50.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Bank of America lowered their price objective on shares of JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, UBS Group cut their target price on shares of JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.

JFrog Stock Performance

NASDAQ FROG opened at $31.60 on Wednesday. JFrog has a one year low of $21.38 and a one year high of $48.81. The stock has a 50-day moving average of $27.99 and a 200 day moving average of $33.57. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of -67.23 and a beta of 0.94.

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

Insider Activity at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total value of $1,356,250.00. Following the completion of the transaction, the director now directly owns 4,549,432 shares in the company, valued at $176,290,490. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other JFrog news, CRO Tali Notman sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $36.68, for a total transaction of $1,100,400.00. Following the completion of the transaction, the executive now owns 559,034 shares in the company, valued at $20,505,367.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total value of $1,356,250.00. Following the sale, the director now directly owns 4,549,432 shares in the company, valued at $176,290,490. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 206,031 shares of company stock valued at $6,460,097. 15.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On JFrog

Large investors have recently bought and sold shares of the business. Waterloo Capital L.P. purchased a new position in shares of JFrog in the 4th quarter worth $218,000. Seven Eight Capital LP purchased a new position in JFrog in the fourth quarter worth about $660,000. Neuberger Berman Group LLC bought a new stake in JFrog during the fourth quarter worth approximately $338,000. Nebula Research & Development LLC raised its position in JFrog by 7.8% during the fourth quarter. Nebula Research & Development LLC now owns 23,043 shares of the company’s stock valued at $798,000 after purchasing an additional 1,670 shares during the period. Finally, Flight Deck Capital LP bought a new stake in shares of JFrog in the 4th quarter valued at approximately $3,357,000. Institutional investors own 85.02% of the company’s stock.

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.