JFrog (NASDAQ:FROG) Stock Rating Lowered by Wall Street Zen

by · The Cerbat Gem

JFrog (NASDAQ:FROG – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts have also issued reports about the company. UBS Group reaffirmed a “neutral” rating on shares of JFrog in a research report on Wednesday, January 14th. DA Davidson upgraded JFrog to a “strong-buy” rating in a report on Friday, November 7th. KeyCorp boosted their target price on JFrog from $71.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th. Canaccord Genuity Group increased their target price on shares of JFrog from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Truist Financial reiterated a “buy” rating and set a $70.00 price objective (up from $55.00) on shares of JFrog in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and an average price target of $65.71.

Get Our Latest Stock Report on FROG

JFrog Stock Performance

FROG opened at $47.99 on Friday. JFrog has a 1 year low of $27.00 and a 1 year high of $70.43. The company’s 50 day simple moving average is $60.87 and its 200 day simple moving average is $53.40. The stock has a market capitalization of $5.68 billion, a PE ratio of -68.56 and a beta of 1.13.

JFrog (NASDAQ:FROG – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. The company had revenue of $136.91 million for the quarter, compared to the consensus estimate of $128.28 million. During the same quarter last year, the firm posted $0.15 earnings per share. JFrog’s revenue was up 25.5% on a year-over-year basis. As a group, sell-side analysts expect that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In other JFrog news, CRO Tali Notman sold 13,357 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $64.80, for a total value of $865,533.60. Following the completion of the transaction, the executive directly owned 631,325 shares of the company’s stock, valued at $40,909,860. This represents a 2.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederic Simon sold 80,000 shares of JFrog stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $59.51, for a total value of $4,760,800.00. Following the sale, the director directly owned 3,660,786 shares in the company, valued at approximately $217,853,374.86. The trade was a 2.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 382,814 shares of company stock worth $23,671,260. 14.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its stake in JFrog by 3,033.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 291,134 shares of the company’s stock worth $12,775,000 after purchasing an additional 281,844 shares during the last quarter. Sound View Wealth Advisors Group LLC acquired a new stake in shares of JFrog during the second quarter worth $233,000. Federated Hermes Inc. bought a new position in shares of JFrog in the 3rd quarter worth about $6,697,000. Lisanti Capital Growth LLC lifted its position in shares of JFrog by 10.2% in the 2nd quarter. Lisanti Capital Growth LLC now owns 110,195 shares of the company’s stock worth $4,835,000 after buying an additional 10,230 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its holdings in shares of JFrog by 5.4% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 976,812 shares of the company’s stock valued at $42,863,000 after buying an additional 50,000 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

About JFrog

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JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.

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