JFrog (NASDAQ:FROG) Receives Overweight Rating from Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of JFrog (NASDAQ:FROG) in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $35.00 price objective on the stock.

A number of other equities analysts have also recently commented on FROG. Scotiabank decreased their target price on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 8th. DA Davidson reissued a “buy” rating and set a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. Morgan Stanley dropped their price target on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. TD Cowen boosted their price objective on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $33.00 target price on shares of JFrog in a report on Monday, September 16th. 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.61.

JFrog Stock Performance

NASDAQ FROG opened at $30.11 on Tuesday. The company has a market capitalization of $3.07 billion, a P/E ratio of -66.91 and a beta of 0.94. JFrog has a 52-week low of $21.40 and a 52-week high of $48.81. The company has a fifty day moving average of $28.57 and a 200-day moving average of $32.72.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The firm had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. As a group, analysts forecast that JFrog will post -0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other JFrog news, CRO Tali Notman sold 30,000 shares of JFrog stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $36.68, for a total value of $1,100,400.00. Following the completion of the transaction, the executive now directly owns 559,034 shares of the company’s stock, valued at approximately $20,505,367.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CRO Tali Notman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $36.68, for a total value of $1,100,400.00. Following the completion of the transaction, the executive now directly owns 559,034 shares in the company, valued at $20,505,367.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $30.85, for a total value of $462,750.00. Following the completion of the transaction, the chief technology officer now directly owns 6,612,242 shares in the company, valued at $203,987,665.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 171,031 shares of company stock worth $5,103,847 in the last quarter. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

Hedge funds and other institutional investors have recently made changes to their positions in the business. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog during the 3rd quarter valued at $29,000. Advisors Asset Management Inc. increased its holdings in JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after acquiring an additional 662 shares in the last quarter. RiverPark Advisors LLC bought a new stake in JFrog during the 1st quarter worth approximately $140,000. SG Americas Securities LLC purchased a new position in JFrog during the second quarter valued at approximately $187,000. Finally, Sanctuary Advisors LLC bought a new position in shares of JFrog in the second quarter worth approximately $188,000. 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.