Shares of JFrog Ltd. (NASDAQ:FROG – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $43.46.
Several analysts recently weighed in on FROG shares. Bank Of America (Bofa) boosted their price objective on JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. Cantor Fitzgerald boosted their price objective on JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. Scotiabank started coverage on JFrog in a report on Thursday, March 7th. They issued a “buy” rating for the company. KeyCorp started coverage on JFrog in a report on Tuesday, March 19th. They issued an “overweight” rating and a $52.00 price objective for the company. Finally, DA Davidson boosted their price objective on JFrog from $45.00 to $55.00 in a report on Thursday, March 7th.
View Our Latest Stock Report on JFrog
Insiders Place Their Bets
Institutional Trading of JFrog
Large investors have recently added to or reduced their stakes in the company. State of Wyoming boosted its holdings in JFrog by 11.4% during the fourth quarter. State of Wyoming now owns 5,102 shares of the company’s stock valued at $109,000 after acquiring an additional 523 shares during the period. Cornercap Investment Counsel Inc. boosted its holdings in JFrog by 1.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 45,767 shares of the company’s stock valued at $1,584,000 after acquiring an additional 535 shares during the period. Advisors Asset Management Inc. boosted its holdings in JFrog by 148.3% during the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock valued at $35,000 after acquiring an additional 829 shares during the period. Frazier Financial Advisors LLC bought a new stake in JFrog during the fourth quarter valued at about $35,000. Finally, Future Financial Wealth Managment LLC bought a new stake in JFrog during the first quarter valued at about $44,000. 85.02% of the stock is owned by institutional investors and hedge funds.
JFrog Price Performance
Shares of FROG opened at $37.14 on Wednesday. The stock’s 50-day moving average is $42.29 and its two-hundred day moving average is $33.80. The stock has a market cap of $3.78 billion, a PE ratio of -61.90 and a beta of 0.99. JFrog has a 12 month low of $17.11 and a 12 month high of $48.81.
JFrog (NASDAQ:FROG – Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) EPS for the quarter, hitting analysts’ consensus estimates of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The company had revenue of $97.26 million for the quarter, compared to analysts’ expectations of $93.07 million. On average, research analysts anticipate that JFrog will post -0.21 earnings per share for the current year.
JFrog Company Profile
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.
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