JFrog (NASDAQ:FROG) Given Overweight Rating at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of JFrog (NASDAQ:FROG) in a research report sent to investors on Wednesday,Benzinga reports. Cantor Fitzgerald currently has a $38.00 price target on the stock.

FROG has been the topic of a number of other reports. Barclays reduced their target price on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Needham & Company LLC lifted their target price on JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Robert W. Baird boosted their target price on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Truist Financial reaffirmed a “buy” rating and issued a $35.00 price target (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. Finally, TD Cowen lifted their price objective on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Three 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. According to MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.06.

JFrog Price Performance

Shares of NASDAQ:FROG opened at $36.93 on Wednesday. The firm has a market capitalization of $3.76 billion, a PE ratio of -69.68 and a beta of 0.97. JFrog has a 1 year low of $22.91 and a 1 year high of $48.81. The firm’s 50-day moving average is $32.48 and its two-hundred day moving average is $30.65.

Insider Activity

In related news, CEO Ben Haim Shlomi sold 17,775 shares of JFrog stock in a transaction on Friday, February 7th. The shares were sold at an average price of $36.73, for a total value of $652,875.75. Following the transaction, the chief executive officer now directly owns 4,866,809 shares in the company, valued at $178,757,894.57. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Yossi Sela sold 25,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total transaction of $796,500.00. Following the completion of the transaction, the director now directly owns 355,129 shares in the company, valued at $11,314,409.94. This represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 387,033 shares of company stock valued at $12,621,141. Company insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FROG. Sanctuary Advisors LLC acquired a new position in shares of JFrog during the 2nd quarter worth $188,000. Procyon Advisors LLC increased its holdings in JFrog by 116.2% in the third quarter. Procyon Advisors LLC now owns 15,256 shares of the company’s stock valued at $443,000 after buying an additional 8,200 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of JFrog by 54.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 270,137 shares of the company’s stock worth $7,845,000 after acquiring an additional 95,004 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of JFrog in the 3rd quarter worth approximately $275,000. Finally, abrdn plc increased its stake in JFrog by 9.4% in the 3rd quarter. abrdn plc now owns 741,810 shares of the company’s stock valued at $21,483,000 after purchasing an additional 63,840 shares in the last quarter. Hedge funds and other 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.