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Cantor Fitzgerald Sticks to Their Buy Rating for JFrog (FROG)

Tipranks - Thu Apr 23, 6:18AM CDT

Cantor Fitzgerald analyst Jonathan Ruykhaver maintained a Buy rating on JFrog today and set a price target of $80.00.

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According to TipRanks, Ruykhaver is a 5-star analyst with an average return of 19.6% and a 58.04% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as Fortinet, JFrog, and Allot.

JFrog has an analyst consensus of Strong Buy, with a price target consensus of $67.93.

Based on JFrog’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $145.31 million and a GAAP net loss of $15.21 million. In comparison, last year the company earned a revenue of $116.08 million and had a GAAP net loss of $23.2 million

Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FROG in relation to earlier this year. Last month, Shlomi Ben Haim, the CEO of FROG sold 71,841.00 shares for a total of $2,884,416.15.

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