Cantor Fitzgerald Reaffirms “Overweight” Rating for JFrog (NASDAQ:FROG)

by · The Cerbat Gem

JFrog (NASDAQ:FROG – Get Free Report)‘s stock had its “overweight” rating reissued by stock analysts at Cantor Fitzgerald in a research note issued on Monday,Benzinga reports. They presently have a $46.00 price objective on the stock. Cantor Fitzgerald’s price objective suggests a potential upside of 32.47% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. DA Davidson decreased their price objective on JFrog from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Canaccord Genuity Group raised their target price on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Raymond James began coverage on JFrog in a research note on Friday, April 11th. They issued an “outperform” rating and a $40.00 price target for the company. Barclays upped their price objective on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Scotiabank cut their price target on shares of JFrog from $40.00 to $36.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $41.53.

Get Our Latest Research Report on FROG

JFrog Price Performance

JFrog stock opened at $34.73 on Monday. The stock has a market cap of $3.98 billion, a P/E ratio of -55.40 and a beta of 0.97. The firm’s 50 day moving average price is $32.93 and its 200-day moving average price is $32.63. JFrog has a 1 year low of $22.91 and a 1 year high of $43.00.

JFrog (NASDAQ:FROG – Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The business had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $114.16 million. As a group, equities analysts expect that JFrog will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $35.92, for a total value of $1,257,200.00. Following the transaction, the director now owns 4,409,432 shares in the company, valued at $158,386,797.44. This trade represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Yoav Landman sold 15,889 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $36.15, for a total transaction of $574,387.35. Following the completion of the sale, the chief technology officer now owns 6,547,242 shares of the company’s stock, valued at approximately $236,682,798.30. This trade represents a 0.24 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 347,206 shares of company stock worth $12,213,601. 14.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On JFrog

Large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in shares of JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after acquiring an additional 574 shares in the last quarter. Signaturefd LLC boosted its stake in JFrog by 90.9% in the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock worth $40,000 after purchasing an additional 597 shares during the period. KBC Group NV increased its position in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after buying an additional 1,105 shares during the period. BankPlus Trust Department bought a new position in shares of JFrog in the fourth quarter valued at approximately $131,000. Finally, Tower Research Capital LLC TRC grew its stake in JFrog by 33,106.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock valued at $156,000 after acquiring an additional 5,297 shares in the last quarter. Hedge funds and other institutional investors 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.

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