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

JFrog (NASDAQ:FROG) had its price objective hoisted by UBS Group from $30.00 to $38.00 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity Group decreased their price target 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. Stifel Nicolaus dropped their price objective on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Needham & Company LLC lifted their price objective on shares of JFrog from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday. Morgan Stanley dropped their target price on JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, KeyCorp raised their price target on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Thursday, September 12th. 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 company. According to data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.72.

JFrog Stock Performance

JFrog stock opened at $30.91 on Friday. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The firm has a 50 day moving average price of $29.20 and a 200 day moving average price of $32.23. The company has a market capitalization of $3.15 billion, a PE ratio of -58.32 and a beta of 0.93.

Insider Activity

In related news, CRO Tali Notman sold 11,621 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $314,464.26. Following the completion of the sale, the executive now owns 547,413 shares in the company, valued at $14,812,995.78. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CRO Tali Notman sold 11,621 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $314,464.26. Following the transaction, the executive now owns 547,413 shares in the company, valued at $14,812,995.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ben Haim Shlomi sold 35,550 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total value of $1,066,500.00. Following the sale, the chief executive officer now directly owns 4,975,229 shares of the company’s stock, valued at $149,256,870. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 126,031 shares of company stock valued at $3,618,247 in the last ninety days. 15.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JFrog

A number of hedge funds and other institutional investors have recently bought and sold shares of FROG. Janney Montgomery Scott LLC lifted its stake in shares of JFrog by 16.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 22,938 shares of the company’s stock worth $1,014,000 after acquiring an additional 3,233 shares during the period. Duality Advisers LP acquired a new stake in JFrog in the first quarter valued at about $205,000. Swiss National Bank increased its position in JFrog by 8.0% during the 1st quarter. Swiss National Bank now owns 165,600 shares of the company’s stock worth $7,323,000 after purchasing an additional 12,200 shares during the period. Thoroughbred Financial Services LLC raised its stake in shares of JFrog by 52.3% during the 1st quarter. Thoroughbred Financial Services LLC now owns 17,830 shares of the company’s stock worth $788,000 after buying an additional 6,125 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of JFrog by 394.2% in the 1st quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock valued at $1,268,000 after buying an additional 22,864 shares during the period. 85.02% of the stock is currently 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.