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

Cantor Fitzgerald reiterated their overweight rating on shares of JFrog (NASDAQ:FROG) in a research note issued to investors on Wednesday morning, MarketBeat.com reports. They currently have a $80.00 target price on the stock.

Other research analysts also recently issued reports about the company. UBS Group restated a “neutral” rating on shares of JFrog in a report on Wednesday, January 14th. KeyCorp boosted their price target on shares of JFrog from $71.00 to $79.00 and gave the company an “overweight” rating in a report on Tuesday, December 16th. Wall Street Zen upgraded shares of JFrog from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. DA Davidson raised shares of JFrog to a “strong-buy” rating in a research note on Friday, November 7th. Finally, TD Cowen restated a “buy” rating on shares of JFrog in a report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.71.

JFrog Price Performance

FROG stock opened at $52.00 on Wednesday. JFrog has a 12 month low of $27.00 and a 12 month high of $70.43. The firm’s 50-day moving average is $61.41 and its 200 day moving average is $53.24. The company has a market capitalization of $6.15 billion, a PE ratio of -74.29 and a beta of 1.13.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. The business had revenue of $136.91 million for the quarter, compared to the consensus estimate of $128.28 million. During the same period in the prior year, the firm earned $0.15 EPS. The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. Sell-side analysts forecast that JFrog will post -0.33 EPS for the current fiscal year.

Insider Activity

In other JFrog news, Director Yvonne Wassenaar sold 1,957 shares of the firm’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $58.70, for a total value of $114,875.90. Following the completion of the sale, the director owned 20,495 shares of the company’s stock, valued at approximately $1,203,056.50. This trade represents a 8.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 45,000 shares of the business’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $57.71, for a total value of $2,596,950.00. Following the sale, the chief technology officer owned 5,868,641 shares in the company, valued at $338,679,272.11. The trade was a 0.76% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 482,814 shares of company stock worth $29,555,260. Company insiders own 14.10% of the company’s stock.

Institutional Trading of JFrog

A number of institutional investors have recently bought and sold shares of FROG. Blue Trust Inc. acquired a new stake in shares of JFrog during the fourth quarter worth $30,000. Farther Finance Advisors LLC raised its stake in JFrog by 318.7% in the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after acquiring an additional 478 shares during the last quarter. First Horizon Corp acquired a new stake in JFrog during the 4th quarter worth about $47,000. Aster Capital Management DIFC Ltd acquired a new stake in JFrog during the 3rd quarter worth about $56,000. Finally, Wilmington Savings Fund Society FSB grew its stake in JFrog by 1,086.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock valued at $60,000 after purchasing an additional 1,152 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

About JFrog

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.