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

JFrog (NASDAQ:FROG) had its price objective decreased by Barclays from $40.00 to $38.00 in a report released on Monday,Benzinga reports. Barclays currently has an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group decreased their price objective on shares of JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Baird R W raised JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. Truist Financial restated a “buy” rating and issued a $35.00 price target (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. Finally, Piper Sandler reduced their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Three 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.72.

JFrog Stock Performance

Shares of FROG opened at $31.39 on Monday. The firm has a fifty day simple moving average of $29.28 and a 200 day simple moving average of $32.15. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81.

Insider Activity

In related news, CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $31.93, for a total value of $567,555.75. Following the transaction, the chief executive officer now owns 4,957,454 shares in the company, valued at approximately $158,291,506.22. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction on Friday, September 13th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the chief technology officer now owns 6,627,242 shares in the company, valued at approximately $185,562,776. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $31.93, for a total value of $567,555.75. Following the transaction, the chief executive officer now directly owns 4,957,454 shares of the company’s stock, valued at $158,291,506.22. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 143,806 shares of company stock worth $4,185,802. 15.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. North Peak Capital Management LLC bought a new position in shares of JFrog in the 3rd quarter valued at $73,417,000. TimesSquare Capital Management LLC raised its stake in shares of JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after acquiring an additional 1,617,551 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of JFrog in the third quarter worth $32,401,000. 1832 Asset Management L.P. increased its holdings in JFrog by 285.1% in the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock valued at $62,885,000 after purchasing an additional 1,052,800 shares during the period. Finally, Meitav Investment House Ltd. raised its position in JFrog by 4,244.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock worth $32,903,000 after purchasing an additional 856,451 shares during the last quarter. 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.