Cantor Fitzgerald Reiterates Overweight Rating for JFrog (NASDAQ:FROG)

JFrog (NASDAQ:FROG)‘s stock had its “overweight” rating restated by Cantor Fitzgerald in a report released on Monday,Benzinga reports. They currently have a $46.00 price target on the stock. Cantor Fitzgerald’s target price would suggest a potential upside of 33.53% from the stock’s current price.

FROG has been the subject of a number of other reports. Raymond James initiated coverage on JFrog in a report on Friday, April 11th. They set an “outperform” rating and a $40.00 target price for the company. Stifel Nicolaus raised their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. KeyCorp reaffirmed an “overweight” rating and set a $46.00 target price (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Morgan Stanley decreased their price target on shares of JFrog from $44.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Finally, DA Davidson cut their price objective on JFrog from $50.00 to $40.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.53.

JFrog Price Performance

Shares of FROG stock opened at $34.45 on Monday. JFrog has a 1-year low of $22.91 and a 1-year high of $43.00. The firm has a market cap of $3.95 billion, a PE ratio of -54.68 and a beta of 0.97. The company has a 50-day moving average of $32.82 and a two-hundred day moving average of $32.67.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The company had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $114.16 million. Sell-side analysts anticipate that JFrog will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Frederic Simon sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total transaction of $573,200.00. Following the transaction, the director now directly owns 4,354,432 shares in the company, valued at approximately $124,798,021.12. This trade represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $36.73, for a total transaction of $652,875.75. Following the completion of the sale, the chief executive officer now owns 4,866,809 shares of the company’s stock, valued at approximately $178,757,894.57. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 331,317 shares of company stock worth $11,639,213 in the last ninety days. 14.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FROG. Geode Capital Management LLC grew its holdings in shares of JFrog by 1.6% during the third quarter. Geode Capital Management LLC now owns 135,642 shares of the company’s stock worth $3,939,000 after buying an additional 2,183 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after purchasing an additional 514,895 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of JFrog by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after purchasing an additional 159,483 shares during the period. Diversified Trust Co raised its stake in shares of JFrog by 74.0% during the fourth quarter. Diversified Trust Co now owns 27,962 shares of the company’s stock worth $822,000 after purchasing an additional 11,890 shares during the last quarter. Finally, Park Avenue Securities LLC acquired a new stake in shares of JFrog during the fourth quarter worth $204,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.