JFrog (NASDAQ:FROG) PT Raised to $33.00 at Truist Financial

JFrog (NASDAQ:FROG) had its target price hoisted by stock analysts at Truist Financial from $30.00 to $33.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 12.86% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. Scotiabank decreased their price target on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating on the stock in a report on Thursday, August 8th. Morgan Stanley decreased their price target on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Bank of America decreased their price target on shares of JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus decreased their price target on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Piper Sandler decreased their price target on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. 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 company’s stock. Based on data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and a consensus price target of $36.44.

JFrog Stock Down 0.4 %

Shares of JFrog stock opened at $29.24 on Wednesday. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of -62.21 and a beta of 0.94. JFrog has a 12-month low of $21.38 and a 12-month high of $48.81. The firm’s 50-day moving average price is $28.39 and its two-hundred day moving average price is $33.10.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share 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%. On average, sell-side analysts expect that JFrog will post -0.28 earnings per share for the current year.

Insider Transactions at JFrog

In other news, CRO Tali Notman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $36.68, for a total value of $1,100,400.00. Following the transaction, the executive now owns 559,034 shares in the company, valued at approximately $20,505,367.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction 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 transaction, the chief technology officer now owns 6,642,242 shares in the company, valued at $170,572,774.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Tali Notman sold 30,000 shares of the business’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $36.68, for a total transaction of $1,100,400.00. Following the transaction, the executive now owns 559,034 shares in the company, valued at $20,505,367.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,031 shares of company stock worth $5,103,847. Company insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FROG. Vanguard Group Inc. lifted its position in shares of JFrog by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 7,055,519 shares of the company’s stock valued at $244,192,000 after acquiring an additional 23,030 shares during the period. Park Avenue Securities LLC acquired a new position in shares of JFrog during the 1st quarter valued at $229,000. Future Financial Wealth Managment LLC acquired a new position in JFrog during the first quarter worth $44,000. Harbour Capital Advisors LLC raised its holdings in JFrog by 32.2% during the first quarter. Harbour Capital Advisors LLC now owns 14,563 shares of the company’s stock worth $632,000 after buying an additional 3,550 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in JFrog by 0.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 490,402 shares of the company’s stock worth $21,686,000 after buying an additional 3,344 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.