In a report released on May 10, Brad Reback from Stifel Nicolaus maintained a Buy rating on JFrog (FROG – Research Report), with a price target of $45.00. The company’s shares closed last Friday at $33.01.
Reback covers the Technology sector, focusing on stocks such as ServiceNow, Microsoft, and MongoDB. According to TipRanks, Reback has an average return of 13.3% and a 56.42% success rate on recommended stocks.
In addition to Stifel Nicolaus, JFrog also received a Buy from KeyBanc’s Jason Celino in a report issued on May 10. However, on the same day, Scotiabank maintained a Hold rating on JFrog (NASDAQ: FROG).
Based on JFrog’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $97.26 million and a GAAP net loss of $11.23 million. In comparison, last year the company earned a revenue of $76.55 million and had a GAAP net loss of $23.16 million
Based on the recent corporate insider activity of 124 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FROG in relation to earlier this year.
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JFrog (FROG) Company Description:
JFrog Ltd provides an end-to-end, hybrid, universal DevOps Platform to achieve Continuous Software Release Management (CSRM). The CSRM platform enables organizations to continuously deliver software updates across any system.
