Cantor Fitzgerald started coverage on shares of JFrog (NASDAQ:FROG – Get Rating) in a report released on Wednesday, The Fly reports. The firm issued an overweight rating and a $29.00 price target on the stock.
Other equities research analysts also recently issued research reports about the stock. Morgan Stanley decreased their target price on shares of JFrog from $28.00 to $26.00 and set an equal weight rating for the company in a research note on Thursday, October 20th. Bank of America upgraded shares of JFrog from a neutral rating to a buy rating and increased their target price for the stock from $28.00 to $32.00 in a research note on Wednesday, January 4th. Piper Sandler decreased their target price on shares of JFrog from $26.00 to $24.00 and set a neutral rating for the company in a research note on Thursday, January 5th. JPMorgan Chase & Co. decreased their target price on shares of JFrog from $29.00 to $28.00 and set an overweight rating for the company in a research note on Thursday, November 3rd. Finally, Needham & Company LLC cut their price target on shares of JFrog from $30.00 to $28.00 and set a buy rating for the company in a report on Thursday, November 3rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $29.36.
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JFrog Price Performance
NASDAQ FROG opened at $26.77 on Wednesday. JFrog has a 1 year low of $16.36 and a 1 year high of $28.18. The company has a market capitalization of $2.61 billion, a PE ratio of -29.42 and a beta of 0.33. The company has a fifty day moving average of $22.37 and a two-hundred day moving average of $22.52.
JFrog (NASDAQ:FROG – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.07). JFrog had a negative net
margin of 34.15% and a negative return on equity of 10.12%. The company had revenue of $71.99 million during the quarter, compared to analyst estimates of $71.08 million. On average, research analysts expect that JFrog will post -0.62 earnings per share for the current year.
Insider Buying and Selling at JFrog
In other JFrog news, CTO Yoav Landman sold 20,000 shares of the stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $20.10, for a total value of $402,000.00. Following the completion of the transaction, the chief technology officer now directly owns 7,401,542 shares of the company's stock, valued at $148,770,994.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other JFrog news, CTO Yoav Landman sold 20,000 shares of the stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $20.10, for a total value of $402,000.00. Following the completion of the transaction, the chief technology officer now directly owns 7,401,542 shares of the company's stock, valued at $148,770,994.20. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Frederic Simon sold 45,000 shares of the stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $23.02, for a total transaction of $1,035,900.00. Following the completion of the transaction, the director now directly owns 5,477,134 shares of the company's stock, valued at $126,083,624.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 287,076 shares of company stock valued at $6,548,984. Corporate insiders own 33.70% of the company's stock.
Institutional Trading of JFrog
Several large investors have recently modified their holdings of the business. Van ECK Associates Corp grew its position in shares of JFrog by 4.6% in the second quarter. Van ECK Associates Corp now owns 19,445 shares of the company's stock valued at $410,000 after purchasing an additional 855 shares during the last quarter. Laurion Capital Management LP boosted its position in JFrog by 6.3% during the second quarter. Laurion Capital Management LP now owns 15,951 shares of the company's stock worth $336,000 after acquiring an additional 950 shares during the last quarter. Lazard Asset Management LLC boosted its position in JFrog by 98.6% during the second quarter. Lazard Asset Management LLC now owns 2,224 shares of the company's stock worth $46,000 after acquiring an additional 1,104 shares during the last quarter. Brinker Capital Investments LLC boosted its position in JFrog by 3.6% during the third quarter. Brinker Capital Investments LLC now owns 33,146 shares of the company's stock worth $733,000 after acquiring an additional 1,156 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in JFrog by 2.9% during the third quarter. California State Teachers Retirement System now owns 42,507 shares of the company's stock worth $940,000 after acquiring an additional 1,200 shares during the last quarter. 53.34% of the stock is currently owned by institutional investors and hedge funds.
JFrog Company Profile
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JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.
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