JFrog (NASDAQ:FROG) Given New $38.00 Price Target at UBS Group

JFrog (NASDAQ:FROG) had its price objective upped by UBS Group from $30.00 to $38.00 in a research note published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also weighed in on FROG. Scotiabank lifted their price objective on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday. Piper Sandler cut their price target on JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Baird R W upgraded JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. KeyCorp lifted their target price on shares of JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Finally, Stifel Nicolaus lowered their price target on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $37.83.

JFrog Stock Performance

FROG stock traded down $1.76 during trading on Friday, hitting $31.10. 2,392,968 shares of the company’s stock traded hands, compared to its average volume of 1,067,334. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of -69.11 and a beta of 0.93. The business has a fifty day simple moving average of $29.14 and a 200 day simple moving average of $32.40. JFrog has a 52 week low of $22.91 and a 52 week high of $48.81.

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

Insider Buying and Selling at JFrog

In other news, CEO Ben Haim Shlomi sold 35,550 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the transaction, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CRO Tali Notman sold 11,621 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 value of $314,464.26. Following the completion of the transaction, the executive now directly owns 547,413 shares of the company’s stock, valued at $14,812,995.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the sale, the chief executive officer now owns 4,975,229 shares in the company, valued at $149,256,870. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 126,031 shares of company stock worth $3,618,247. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

Several large investors have recently added to or reduced their stakes in FROG. Vanguard Group Inc. raised its position in shares of JFrog by 7.4% in the first quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock valued at $335,141,000 after buying an additional 523,432 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in JFrog by 22.3% in the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after buying an additional 561,897 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in JFrog by 114.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock worth $88,133,000 after purchasing an additional 1,617,551 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in JFrog by 33.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock worth $68,969,000 after purchasing an additional 593,478 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in shares of JFrog by 4.4% during the first quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock valued at $76,160,000 after purchasing an additional 73,036 shares during the period. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Company Profile

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.