JFrog’s (FROG) Overweight Rating Reaffirmed at Cantor Fitzgerald

Cantor Fitzgerald reiterated their overweight rating on shares of JFrog (NASDAQ:FROG) in a research note released on Wednesday,Benzinga reports. They currently have a $38.00 price target on the stock.

A number of other equities analysts have also weighed in on FROG. TD Cowen lifted their price target on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th. Scotiabank boosted their target price on JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. UBS Group increased their price objective on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Needham & Company LLC lifted their target price on shares of JFrog from $36.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Truist Financial reaffirmed a “buy” rating and set a $35.00 price target (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. Three 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.06.

JFrog Trading Up 2.7 %

NASDAQ FROG opened at $36.93 on Wednesday. The company has a market capitalization of $3.76 billion, a PE ratio of -69.68 and a beta of 0.97. JFrog has a twelve month low of $22.91 and a twelve month high of $48.81. The business’s 50-day moving average price is $32.48 and its 200 day moving average price is $30.65.

Insider Activity at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 20,443 shares of JFrog stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $625,555.80. Following the completion of the transaction, the chief executive officer now owns 4,937,011 shares of the company’s stock, valued at $151,072,536.60. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Eduard Grabscheid sold 834 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $25,520.40. Following the sale, the chief financial officer now directly owns 97,260 shares in the company, valued at $2,976,156. This trade represents a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 387,033 shares of company stock valued at $12,621,141 over the last three months. 15.70% of the stock is owned by insiders.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently bought and sold shares of FROG. Sanctuary Advisors LLC bought a new position in shares of JFrog during the second quarter valued at approximately $188,000. Procyon Advisors LLC boosted its position in JFrog by 116.2% during the 3rd quarter. Procyon Advisors LLC now owns 15,256 shares of the company’s stock valued at $443,000 after purchasing an additional 8,200 shares during the period. Assenagon Asset Management S.A. grew its stake in JFrog by 54.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 270,137 shares of the company’s stock worth $7,845,000 after buying an additional 95,004 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in JFrog in the third quarter worth $275,000. Finally, abrdn plc increased its position in JFrog by 9.4% in the third quarter. abrdn plc now owns 741,810 shares of the company’s stock worth $21,483,000 after buying an additional 63,840 shares during the period. Institutional investors and hedge funds 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.