JFrog (NASDAQ:FROG) Price Target Raised to $44.00

JFrog (NASDAQ:FROG) had its price target increased by Morgan Stanley from $36.00 to $44.00 in a report issued on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

FROG has been the topic of a number of other reports. Scotiabank raised their target price on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Needham & Company LLC raised their target price on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday. TD Cowen raised their target price on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 target price on shares of JFrog in a research note on Wednesday. Finally, Truist Financial reiterated a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Three 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 stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $42.17.

JFrog Stock Performance

Shares of FROG opened at $39.80 on Friday. The company’s fifty day moving average is $32.79 and its 200-day moving average is $30.71. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. Analysts expect that JFrog will post -0.32 EPS for the current year.

Insider Transactions at JFrog

In related news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Tuesday, February 11th. The shares were sold at an average price of $35.92, for a total transaction of $1,257,200.00. Following the completion of the transaction, the director now directly owns 4,409,432 shares of the company’s stock, valued at $158,386,797.44. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Yossi Sela sold 25,000 shares of JFrog stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total transaction of $796,500.00. Following the transaction, the director now directly owns 355,129 shares of the company’s stock, valued at $11,314,409.94. This represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 411,685 shares of company stock valued at $13,720,965. Company insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On JFrog

Institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares during the last quarter. West Tower Group LLC bought a new position in JFrog during the 3rd quarter valued at about $116,000. KBC Group NV raised its stake in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after acquiring an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new position in shares of JFrog in the fourth quarter worth about $131,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock worth $156,000 after acquiring an additional 5,297 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

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.