JFrog (NASDAQ:FROG) Price Target Raised to $33.00

JFrog (NASDAQ:FROG) had its price objective hoisted by Truist Financial from $30.00 to $33.00 in a research note released on Wednesday, Benzinga reports. Truist Financial currently has a buy rating on the stock.

FROG has been the subject of several other reports. Morgan Stanley dropped their price objective on JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $33.00 price objective on shares of JFrog in a research report on Monday, September 16th. Barclays decreased their target price on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. TD Cowen cut their price target on shares of JFrog from $50.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, Baird R W raised shares of JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.44.

JFrog Price Performance

Shares of NASDAQ FROG opened at $29.28 on Wednesday. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of -62.30 and a beta of 0.94. The stock’s fifty day moving average price is $28.48 and its two-hundred day moving average price is $32.98. JFrog has a one year low of $21.38 and a one year high of $48.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The business had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. On average, equities analysts anticipate that JFrog will post -0.28 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.68, for a total transaction of $385,200.00. Following the sale, the chief technology officer now directly owns 6,642,242 shares in the company, valued at $170,572,774.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $25.68, for a total transaction of $385,200.00. Following the completion of the transaction, the chief technology officer now directly owns 6,642,242 shares of the company’s stock, valued at $170,572,774.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Tali Notman sold 10,699 shares of JFrog stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $28.29, for a total value of $302,674.71. Following the transaction, the executive now directly owns 536,714 shares in the company, valued at $15,183,639.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 171,031 shares of company stock worth $5,103,847. Insiders own 15.70% of the company’s stock.

Institutional Trading of JFrog

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of JFrog by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 7,055,519 shares of the company’s stock valued at $244,192,000 after purchasing an additional 23,030 shares during the last quarter. Park Avenue Securities LLC bought a new stake in JFrog during the first quarter valued at $229,000. Future Financial Wealth Managment LLC acquired a new stake in JFrog during the 1st quarter worth about $44,000. Harbour Capital Advisors LLC raised its position in shares of JFrog by 32.2% in the 1st quarter. Harbour Capital Advisors LLC now owns 14,563 shares of the company’s stock worth $632,000 after acquiring an additional 3,550 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of JFrog by 0.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 490,402 shares of the company’s stock valued at $21,686,000 after purchasing an additional 3,344 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

About JFrog

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.