JFrog (NASDAQ:FROG) Trading Down 2.8%

JFrog Ltd. (NASDAQ:FROG)’s stock price traded down 2.8% on Wednesday . The company traded as low as $42.65 and last traded at $42.96. 381,671 shares were traded during trading, a decline of 71% from the average session volume of 1,331,289 shares. The stock had previously closed at $44.22.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Cantor Fitzgerald increased their price objective on JFrog from $40.00 to $45.00 in a research note on Thursday, March 7th. Morgan Stanley increased their price objective on JFrog from $40.00 to $52.00 in a research note on Thursday, March 7th. Scotiabank assumed coverage on JFrog in a report on Thursday, March 7th. They set a “buy” rating for the company. KeyCorp assumed coverage on JFrog in a report on Tuesday, March 19th. They set an “overweight” rating and a $52.00 target price for the company. Finally, Bank Of America (Bofa) upped their target price on JFrog from $36.00 to $54.00 in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and a consensus price target of $43.46.

JFrog Stock Up 0.7 %

The business has a fifty day simple moving average of $40.27 and a 200-day simple moving average of $32.18.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.07) earnings per share (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 business had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. On average, equities analysts forecast that JFrog Ltd. will post -0.21 EPS for the current year.

Insider Activity

In other news, CRO Tali Notman sold 6,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $31.34, for a total transaction of $188,040.00. Following the completion of the transaction, the executive now directly owns 545,755 shares in the company, valued at $17,103,961.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CRO Tali Notman sold 6,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $31.34, for a total transaction of $188,040.00. Following the completion of the transaction, the executive now directly owns 545,755 shares in the company, valued at $17,103,961.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eduard Grabscheid sold 605 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $26,553.45. Following the transaction, the chief financial officer now owns 85,565 shares of the company’s stock, valued at $3,755,447.85. The disclosure for this sale can be found here. Insiders sold 472,555 shares of company stock worth $20,934,357 over the last three months. 30.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JFrog

Several institutional investors have recently modified their holdings of FROG. Raymond James & Associates boosted its position in shares of JFrog by 9.3% during the first quarter. Raymond James & Associates now owns 44,511 shares of the company’s stock valued at $1,200,000 after buying an additional 3,800 shares during the last quarter. US Bancorp DE boosted its position in shares of JFrog by 2,303.3% during the first quarter. US Bancorp DE now owns 2,211 shares of the company’s stock valued at $60,000 after buying an additional 2,119 shares during the last quarter. Cetera Advisor Networks LLC boosted its position in JFrog by 74.3% in the first quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company’s stock worth $317,000 after purchasing an additional 5,012 shares during the last quarter. Rhumbline Advisers boosted its position in JFrog by 2.4% in the first quarter. Rhumbline Advisers now owns 56,791 shares of the company’s stock worth $1,531,000 after purchasing an additional 1,331 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in JFrog in the first quarter worth about $10,228,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.