Fintel reports that on August 3, 2023, Piper Sandler maintained coverage of JFrog (NASDAQ:FROG) with a Neutral recommendation.
Analyst Price Forecast Suggests 0.78% Upside
As of August 2, 2023, the average one-year price target for JFrog is 29.58. The forecasts range from a low of 24.24 to a high of $36.75. The average price target represents an increase of 0.78% from its latest reported closing price of 29.35.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for JFrog is 366MM, an increase of 17.05%. The projected annual non-GAAP EPS is 0.09.
What is the Fund Sentiment?
There are 304 funds or institutions reporting positions in JFrog. This is an increase of 6 owner(s) or 2.01% in the last quarter. Average portfolio weight of all funds dedicated to FROG is 0.50%, an increase of 5.75%. Total shares owned by institutions increased in the last three months by 5.45% to 72,188K shares. 
The put/call ratio of FROG is 0.19, indicating a bullish outlook.
What are Other Shareholders Doing?
Gemini Israel Funds IV holds 8,577K shares representing 8.42% ownership of the company.
Insight Holdings Group holds 5,022K shares representing 4.93% ownership of the company. In it's prior filing, the firm reported owning 4,854K shares, representing an increase of 3.35%. The firm increased its portfolio allocation in FROG by 101,960.26% over the last quarter.
Eminence Capital holds 4,093K shares representing 4.02% ownership of the company. In it's prior filing, the firm reported owning 2,466K shares, representing an increase of 39.75%. The firm increased its portfolio allocation in FROG by 17.34% over the last quarter.
Wasatch Advisors holds 3,262K shares representing 3.20% ownership of the company. In it's prior filing, the firm reported owning 2,781K shares, representing an increase of 14.75%. The firm increased its portfolio allocation in FROG by 0.21% over the last quarter.
Bank of New York Mellon holds 2,668K shares representing 2.62% ownership of the company. In it's prior filing, the firm reported owning 2,693K shares, representing a decrease of 0.90%. The firm decreased its portfolio allocation in FROG by 85.31% over the last quarter.
JFrog Background Information
(This description is provided by the company.)
JFrog is on a mission to enable continuous updates through liquid software, empowering developers to code high-quality applications that securely flow to end-users with zero downtime. JFrog is the creator of Artifactory, the heart of the end-to-end Universal DevOps platform for automating, managing, securing, distributing, and monitoring all types of technologies. JFrog products are available as open-source, on-premise, and on the cloud on AWS, Microsoft Azure, and Google Cloud. As a leading universal, highly available enterprise DevOps solution, the JFrog platform empowers customers with trusted and expedited software releases from code-to-production. JFrog is trusted by more than 5,600 customers, and top global brands depend on JFrog to manage their binaries for their mission-critical applications. JFrog is privately held with offices across North America, Europe, and Asia.
Additional reading:
- JFrog Announces Second Quarter Fiscal 2023 Results
- JFrog Announces Second Quarter Fiscal 2023 Results
- JFrog Announces First Quarter Fiscal 2023 Results
- Forms of Restricted Share Unit Grant and Award Agreement under the Registrant’s 2020 Share Incentive Plan.
- Subsidiaries of Registrant.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
