JFrog’s (FROG) Overweight Rating Reaffirmed at Cantor Fitzgerald

JFrog (NASDAQ:FROG)‘s stock had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald in a report released on Wednesday,Benzinga reports. They currently have a $38.00 price target on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 0.77% from the company’s current price.

Other equities research analysts have also issued reports about the company. Barclays decreased their target price on JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, November 11th. UBS Group lifted their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC lifted their target price on JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Robert W. Baird lifted their target price on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, TD Cowen lifted their target price on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $38.06.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $37.71 on Wednesday. The business’s 50 day moving average price is $32.48 and its 200-day moving average price is $30.65. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The company has a market cap of $3.84 billion, a price-to-earnings ratio of -71.15 and a beta of 0.97.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. Sell-side analysts predict that JFrog will post -0.32 earnings per share for the current year.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 20,443 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $625,555.80. Following the sale, the chief executive officer now owns 4,937,011 shares in the company, valued at approximately $151,072,536.60. The trade was a 0.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $30.26, for a total value of $453,900.00. Following the sale, the chief technology officer now owns 6,582,242 shares in the company, valued at approximately $199,178,642.92. The trade was a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 411,685 shares of company stock worth $13,720,965 in the last ninety days. 15.70% of the stock is owned by insiders.

Institutional Trading of JFrog

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in JFrog by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock valued at $259,882,000 after purchasing an additional 349,532 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in JFrog by 12.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after purchasing an additional 365,376 shares during the last quarter. North Peak Capital Management LLC purchased a new stake in JFrog during the 3rd quarter valued at about $73,417,000. Champlain Investment Partners LLC lifted its holdings in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock valued at $71,961,000 after buying an additional 797,949 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after buying an additional 593,478 shares during the period. 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.