FROG

UBS Initiates Coverage of JFrog (FROG) with Buy Recommendation

Fintel reports that on May 22, 2024, UBS initiated coverage of JFrog (NasdaqGS:FROG) with a Buy recommendation.

Analyst Price Forecast Suggests 43.02% Upside

As of May 22, 2024, the average one-year price target for JFrog is 47.86. The forecasts range from a low of 40.40 to a high of $57.75. The average price target represents an increase of 43.02% from its latest reported closing price of 33.46.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for JFrog is 464MM, an increase of 25.17%. The projected annual non-GAAP EPS is 0.20.

What is the Fund Sentiment?

There are 457 funds or institutions reporting positions in JFrog. This is an increase of 63 owner(s) or 15.99% in the last quarter. Average portfolio weight of all funds dedicated to FROG is 0.53%, an increase of 11.30%. Total shares owned by institutions increased in the last three months by 5.67% to 85,462K shares. FROG / JFrog Ltd. Put/Call Ratios The put/call ratio of FROG is 0.43, indicating a bullish outlook.

What are Other Shareholders Doing?

FROG / JFrog Ltd. Shares Held by Institutions

Optimus Prime Fund Management Co. holds 3,653K shares representing 3.37% ownership of the company. In its prior filing, the firm reported owning 2,823K shares , representing an increase of 22.72%. The firm increased its portfolio allocation in FROG by 32.32% over the last quarter.

Invesco holds 3,095K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 2,509K shares , representing an increase of 18.93%. The firm decreased its portfolio allocation in FROG by 86.97% over the last quarter.

Voya Investment Management holds 2,531K shares representing 2.34% ownership of the company. In its prior filing, the firm reported owning 2,059K shares , representing an increase of 18.64%. The firm decreased its portfolio allocation in FROG by 29.18% over the last quarter.

Bank of New York Mellon holds 2,522K shares representing 2.33% ownership of the company. In its prior filing, the firm reported owning 3,663K shares , representing a decrease of 45.25%. The firm decreased its portfolio allocation in FROG by 90.80% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 2,508K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 2,495K shares , representing an increase of 0.50%. The firm increased its portfolio allocation in FROG by 22.57% 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.

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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.

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