JFrog Ltd. (NASDAQ:FROG) Stock Has Average Price Target of $109.95

JFrog Ltd. (NASDAQ:FROG) has been given a consensus recommendation of “Moderate Buy” by the twenty-three ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty-one have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $110.67.

Several equities analysts have recently issued reports on FROG shares. TD Cowen reiterated a “buy” rating and issued a $120.00 price objective on shares of JFrog in a research note on Thursday, September 3rd. Oppenheimer upped their price objective on JFrog from $115.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Raymond James Financial set a $120.00 price target on JFrog in a report on Friday, August 7th. Wall Street Zen lowered JFrog from a “buy” rating to a “hold” rating in a report on Saturday, October 24th. Finally, Stifel Nicolaus set a $102.00 price target on shares of JFrog in a research report on Friday, September 4th.

Insider Buying and Selling at JFrog

In related news, CEO Shlomi Ben Haim sold 45,700 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $85.35, for a total transaction of $3,900,495.00. Following the transaction, the chief executive officer directly owned 4,449,305 shares in the company, valued at $379,748,181.75. This trade represents a 1.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Yoav Landman sold 249,300 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $100.72, for a total value of $25,109,496.00. Following the completion of the sale, the chief technology officer owned 5,199,038 shares in the company, valued at $523,647,107.36. The trade was a 4.58% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 915,453 shares of company stock worth $86,664,266. 11.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JFrog

Hedge funds have recently modified their holdings of the stock. Millstone Evans Group LLC raised its holdings in shares of JFrog by 242.6% during the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after acquiring an additional 427 shares in the last quarter. Western Wealth Management LLC bought a new stake in JFrog during the first quarter valued at about $30,000. Bessemer Group Inc. bought a new position in shares of JFrog in the first quarter worth about $36,000. Allworth Financial LP increased its stake in shares of JFrog by 83.1% in the second quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $59,000 after purchasing an additional 294 shares during the period. Finally, GK Wealth Management LLC bought a new stake in JFrog during the 3rd quarter valued at approximately $74,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Down 2.4%

NASDAQ FROG opened at $86.34 on Thursday. JFrog has a 52 week low of $34.05 and a 52 week high of $105.76. The firm has a market cap of $10.65 billion, a PE ratio of -233.35 and a beta of 1.31. The business’s fifty day simple moving average is $93.85 and its 200-day simple moving average is $72.27.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The firm had revenue of $163.77 million during the quarter, compared to analysts’ expectations of $155.63 million. During the same quarter last year, the company posted $0.18 EPS. The firm’s quarterly revenue was up 28.7% on a year-over-year basis. Research analysts expect that JFrog will post -0.11 EPS for the current year.

JFrog Company Profile

JFrog Ltd. is a software company that provides a platform for managing, securing and distributing software packages and releases throughout the application development lifecycle. Its technology is designed to help organizations move software reliably from development through production across cloud, on-premises and hybrid environments.

The company’s products include JFrog Artifactory, a repository for storing and managing software packages and container images; JFrog Xray, which provides security and compliance analysis for software components; and tools for continuous integration, continuous delivery, software distribution and release management.