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

Cantor Fitzgerald reiterated their overweight rating on shares of JFrog (NASDAQ:FROG – Free Report) in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has a $115.00 target price on the stock.

A number of other analysts also recently issued reports on the company. DA Davidson reissued a “buy” rating and issued a $115.00 target price on shares of JFrog in a research report on Friday, September 4th. Truist Financial upped their price target on JFrog from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Wall Street Zen cut JFrog from a “buy” rating to a “hold” rating in a research report on Saturday, October 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a research note on Thursday, October 15th. Finally, UBS Group set a $115.00 price target on JFrog in a research note on Friday, October 23rd. Twenty-one research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.67.

Read Our Latest Stock Report on FROG

JFrog Stock Down 2.4%

Shares of FROG stock opened at $86.34 on Wednesday. The company has a 50 day moving average of $93.85 and a 200-day moving average of $72.27. JFrog has a 12-month low of $34.05 and a 12-month high of $105.76. The firm has a market cap of $10.65 billion, a P/E ratio of -233.35 and a beta of 1.31.

JFrog (NASDAQ:FROG – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.27 EPS 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 company had revenue of $163.77 million for the quarter, compared to analysts’ expectations of $155.63 million. During the same quarter in the previous year, the firm posted $0.18 EPS. JFrog’s revenue was up 28.7% on a year-over-year basis. As a group, equities analysts expect that JFrog will post -0.11 EPS for the current year.

Insider Buying and Selling at JFrog

In related news, CRO Tali Notman sold 19,157 shares of JFrog stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $90.51, for a total value of $1,733,900.07. Following the completion of the transaction, the executive directly owned 687,472 shares in the company, valued at approximately $62,223,090.72. The trade was a 2.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Shlomi Ben Haim sold 45,700 shares of JFrog stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $85.35, for a total transaction of $3,900,495.00. Following the completion of the transaction, the chief executive officer owned 4,449,305 shares of the company’s stock, valued at $379,748,181.75. This represents a 1.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 915,453 shares of company stock valued at $86,664,266 in the last quarter. Corporate insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On JFrog

A number of large investors have recently made changes to their positions in the stock. Allworth Financial LP grew its holdings in JFrog by 83.1% during the 2nd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $59,000 after buying an additional 294 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of JFrog by 4.7% in the second quarter. IFP Advisors Inc now owns 6,872 shares of the company’s stock worth $625,000 after buying an additional 309 shares in the last quarter. Praxis Investment Management Inc. lifted its holdings in shares of JFrog by 8.0% in the first quarter. Praxis Investment Management Inc. now owns 4,430 shares of the company’s stock worth $208,000 after buying an additional 330 shares in the last quarter. Millstone Evans Group LLC lifted its holdings in shares of JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after buying an additional 427 shares in the last quarter. Finally, Western Wealth Management LLC bought a new position in shares of JFrog in the first quarter valued at approximately $30,000. 85.02% of the stock is owned by institutional investors.

JFrog Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for JFrog (NASDAQ:FROG)

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