Tue Sep 17 06:33:26 UTC 2024: ## JFrog Stock Receives “Moderate Buy” Rating from Analysts

**San Francisco, CA – September 17, 2024** – JFrog Ltd. (NASDAQ:FROG) has received a consensus recommendation of “Moderate Buy” from 18 analysts covering the company, according to MarketBeat.com. Of these analysts, 14 have issued a “Buy” rating, 3 have assigned a “Hold” rating, and one has issued a “Strong Buy” rating.

The average 12-month price target among brokers is $36.28. However, recent analyst reports show a mixed outlook on the company.

KeyCorp upgraded their price target on JFrog to $32.00 and maintained an “Overweight” rating, while Robert W. Baird initiated coverage with an “Outperform” rating and a $32.00 price target. On the other hand, Scotiabank reduced their target price to $25.00, issuing a “Sector Perform” rating. Bank of America and TD Cowen also lowered their price objectives to $44.00 and $32.00, respectively, while maintaining “Buy” ratings.

JFrog’s recent quarterly earnings report showed a miss on earnings per share expectations, reporting ($0.09) versus the estimated ($0.06). The company also reported revenue of $103.04 million, slightly below the anticipated $103.53 million.

Insider trading activity has been significant. CTO Yoav Landman sold 16,277 shares in June, while CRO Tali Notman sold 5,882 shares in July. Overall, insiders have sold 203,040 shares in the past 90 days, representing 15.70% of the stock.

Institutional investors have also made significant changes to their positions in JFrog. Assenagon Asset Management S.A., Quadrature Capital Ltd, Russell Investments Group Ltd, Syon Capital LLC, and Thornburg Investment Management Inc. all acquired or increased their stakes in the company during recent quarters. Hedge funds and institutional investors currently hold 85.02% of the stock.

JFrog provides an end-to-end hybrid software supply chain platform. The company’s products include JFrog Artifactory, JFrog Curation, JFrog Xray, JFrog Advanced Security, and JFrog Distribution.

While the recent earnings report showed some weakness, analysts remain largely positive on JFrog’s prospects. The company’s focus on the growing software supply chain market, combined with the strong interest from institutional investors, suggests potential for future growth.

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