Analysts Set JFrog Ltd. (NASDAQ:FROG) Target Price at $37.72

Shares of JFrog Ltd. (NASDAQ:FROG) have been assigned a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the company, Marketbeat reports. 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. The average 1 year target price among brokerages that have covered the stock in the last year is $37.72.

Several equities research analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Truist Financial restated a “buy” rating and issued a $35.00 price objective (up from $33.00) on shares of JFrog in a report on Friday, November 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. Needham & Company LLC increased their target price on JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, TD Cowen lifted their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th.

JFrog Stock Down 3.8 %

Shares of FROG stock opened at $29.56 on Monday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of -55.77 and a beta of 0.94. The stock has a fifty day moving average of $30.67 and a 200 day moving average of $31.20. JFrog has a 52 week low of $22.91 and a 52 week high of $48.81.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 35,550 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total value of $1,066,500.00. Following the transaction, the chief executive officer now directly owns 4,975,229 shares of the company’s stock, valued at approximately $149,256,870. This represents a 0.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Eduard Grabscheid sold 834 shares of JFrog stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total value of $25,520.40. Following the completion of the sale, the chief financial officer now directly owns 97,260 shares of the company’s stock, valued at approximately $2,976,156. The trade was a 0.85 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 256,921 shares of company stock worth $7,927,309. Corporate insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On JFrog

A number of hedge funds have recently bought and sold shares of the business. North Peak Capital Management LLC purchased a new stake in shares of JFrog during the 3rd quarter valued at about $73,417,000. TimesSquare Capital Management LLC boosted its holdings in JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after purchasing an additional 1,617,551 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in JFrog in the 3rd quarter worth approximately $32,401,000. Meitav Investment House Ltd. raised its stake in JFrog by 4,244.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock valued at $32,903,000 after buying an additional 856,451 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of JFrog by 172.5% during the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock valued at $49,943,000 after buying an additional 841,956 shares during the period. 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.