JFrog (NASDAQ:FROG) Now Covered by Analysts at UBS Group

Analysts at UBS Group initiated coverage on shares of JFrog (NASDAQ:FROGGet Free Report) in a research note issued to investors on Wednesday, Marketbeat reports. The firm set a “buy” rating and a $41.00 price target on the stock. UBS Group’s target price would indicate a potential upside of 23.31% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. KeyCorp reduced their target price on JFrog from $52.00 to $46.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. DA Davidson boosted their target price on shares of JFrog from $45.00 to $55.00 in a report on Thursday, March 7th. Morgan Stanley cut their price target on shares of JFrog from $52.00 to $47.00 and set an “overweight” rating on the stock in a research note on Friday, May 10th. Needham & Company LLC lowered their price objective on shares of JFrog from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, Bank Of America (Bofa) increased their target price on JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.73.

Check Out Our Latest Stock Report on FROG

JFrog Price Performance

JFrog stock opened at $33.25 on Wednesday. The stock has a market capitalization of $3.39 billion, a P/E ratio of -70.74 and a beta of 1.01. JFrog has a 12-month low of $21.38 and a 12-month high of $48.81. The firm’s 50-day moving average is $39.72 and its two-hundred day moving average is $36.11.

JFrog (NASDAQ:FROGGet Free Report) last announced its earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.05). The firm had revenue of $100.31 million for the quarter, compared to analyst estimates of $98.63 million. JFrog had a negative net margin of 13.29% and a negative return on equity of 4.62%. As a group, analysts forecast that JFrog will post -0.21 EPS for the current year.

Insider Transactions at JFrog

In other JFrog news, Director Yossi Sela sold 4,797 shares of the stock in a transaction on Monday, February 26th. The shares were sold at an average price of $43.82, for a total transaction of $210,204.54. Following the transaction, the director now directly owns 375,515 shares in the company, valued at approximately $16,455,067.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Yossi Sela sold 4,797 shares of JFrog stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $43.82, for a total value of $210,204.54. Following the completion of the transaction, the director now owns 375,515 shares in the company, valued at approximately $16,455,067.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Yoav Landman sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $38.70, for a total value of $1,548,000.00. Following the sale, the chief technology officer now directly owns 6,731,371 shares in the company, valued at $260,504,057.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 211,455 shares of company stock valued at $8,282,794. 15.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JFrog

Institutional investors and hedge funds have recently bought and sold shares of the business. Washington Harbour Partners LP raised its position in shares of JFrog by 3.1% during the 1st quarter. Washington Harbour Partners LP now owns 101,267 shares of the company’s stock worth $4,478,000 after purchasing an additional 3,000 shares during the period. Castleark Management LLC bought a new position in JFrog during the 1st quarter worth $4,979,000. Tidal Investments LLC bought a new stake in JFrog in the first quarter valued at $3,251,000. California State Teachers Retirement System lifted its stake in JFrog by 9.0% in the first quarter. California State Teachers Retirement System now owns 75,583 shares of the company’s stock valued at $3,342,000 after buying an additional 6,272 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in shares of JFrog by 31.1% during the first quarter. Janus Henderson Group PLC now owns 42,781 shares of the company’s stock valued at $1,892,000 after acquiring an additional 10,142 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for JFrog (NASDAQ:FROG)

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