JFrog (NASDAQ:FROG) Price Target Raised to $45.00

JFrog (NASDAQ:FROG) had its price objective hoisted by Canaccord Genuity Group from $38.00 to $45.00 in a research report released on Friday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. TD Cowen lifted their target price on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Barclays lowered their price target on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, November 11th. Scotiabank increased their price objective on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th. Finally, Needham & Company LLC increased their price target on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.17.

JFrog Stock Up 5.5 %

FROG opened at $39.80 on Friday. The company has a market cap of $4.05 billion, a PE ratio of -75.09 and a beta of 0.97. JFrog has a twelve month low of $22.91 and a twelve month high of $48.81. The company has a 50-day moving average price of $32.79 and a 200 day moving average price of $30.60.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The firm had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. As a group, sell-side analysts expect that JFrog will post -0.32 earnings per share for the current year.

Insider Buying and Selling at JFrog

In other JFrog news, CTO Yoav Landman sold 24,652 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $37.43, for a total value of $922,724.36. Following the sale, the chief technology officer now owns 6,526,901 shares of the company’s stock, valued at $244,301,904.43. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $36.73, for a total value of $652,875.75. Following the transaction, the chief executive officer now owns 4,866,809 shares of the company’s stock, valued at approximately $178,757,894.57. This represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 411,338 shares of company stock valued at $13,710,378 over the last 90 days. 15.70% of the stock is owned by insiders.

Hedge Funds Weigh In On JFrog

Several institutional investors have recently bought and sold shares of FROG. Jones Financial Companies Lllp boosted its stake in shares of JFrog by 91.1% in the fourth 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 period. KBC Group NV boosted its position in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after buying an additional 1,105 shares during the period. West Tower Group LLC purchased a new position in JFrog in the 3rd quarter valued at approximately $116,000. BankPlus Trust Department acquired a new position in shares of JFrog in the fourth quarter worth $131,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of JFrog during the second quarter worth $188,000. 85.02% of the stock is owned by institutional investors and hedge funds.

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.