Robert W. Baird Raises JFrog (NASDAQ:FROG) Price Target to $36.00

JFrog (NASDAQ:FROG) had its price target boosted by Robert W. Baird from $32.00 to $36.00 in a report issued on Friday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Oppenheimer lowered JFrog from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Canaccord Genuity Group dropped their price target on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. TD Cowen raised their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Baird R W upgraded shares of JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

JFrog Trading Down 0.6 %

NASDAQ:FROG opened at $30.91 on Friday. The firm has a market capitalization of $3.15 billion, a PE ratio of -58.32 and a beta of 0.93. JFrog has a 1 year low of $22.91 and a 1 year high of $48.81. The firm’s fifty day simple moving average is $29.20 and its 200 day simple moving average is $32.23.

Insider Buying and Selling at JFrog

In other news, CEO Ben Haim Shlomi sold 20,606 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $557,598.36. Following the transaction, the chief executive officer now directly owns 5,027,493 shares of the company’s stock, valued at $136,043,960.58. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the sale, the chief executive officer now owns 5,027,493 shares of the company’s stock, valued at $136,043,960.58. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,627,242 shares of the company’s stock, valued at approximately $185,562,776. This represents 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 sold 126,031 shares of company stock valued at $3,618,247. 15.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JFrog

Several large investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. lifted its position in JFrog by 1,277.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 231,762 shares of the company’s stock valued at $6,730,000 after purchasing an additional 214,935 shares during the period. Wrapmanager Inc. boosted its stake in JFrog by 13.5% in the third quarter. Wrapmanager Inc. now owns 9,769 shares of the company’s stock valued at $284,000 after acquiring an additional 1,161 shares during the last quarter. George Kaiser Family Foundation grew its holdings in JFrog by 37.1% during the 3rd quarter. George Kaiser Family Foundation now owns 102,858 shares of the company’s stock worth $2,987,000 after acquiring an additional 27,821 shares during the period. Thrivent Financial for Lutherans raised its position in shares of JFrog by 33.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after acquiring an additional 593,478 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after purchasing an additional 210,000 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.