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

JFrog (NASDAQ:FROG) had its price objective hoisted by Truist Financial from $30.00 to $33.00 in a research report released on Wednesday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other equities analysts also recently issued reports on the stock. KeyCorp increased their price target on shares of JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Stifel Nicolaus decreased their price objective on JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $33.00 price objective on shares of JFrog in a research report on Monday, September 16th. Morgan Stanley reduced their target price on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Finally, DA Davidson restated a “buy” rating and issued a $40.00 price objective on shares of JFrog in a report on Monday, October 14th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.44.

JFrog Stock Performance

FROG opened at $29.28 on Wednesday. The stock has a market capitalization of $2.98 billion, a PE ratio of -65.07 and a beta of 0.94. The stock’s 50 day moving average price is $28.48 and its 200-day moving average price is $32.92. JFrog has a 52-week low of $21.38 and a 52-week high of $48.81.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The company had revenue of $103.04 million for the quarter, compared to analysts’ expectations of $103.53 million. Research analysts forecast that JFrog will post -0.28 EPS for the current fiscal year.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $30.85, for a total transaction of $462,750.00. Following the sale, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at $203,987,665.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $462,750.00. Following the completion of the transaction, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at $203,987,665.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Tali Notman sold 10,699 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $28.29, for a total transaction of $302,674.71. Following the transaction, the executive now owns 536,714 shares in the company, valued at approximately $15,183,639.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 171,031 shares of company stock worth $5,103,847 over the last quarter. 15.70% of the stock is currently owned by insiders.

Institutional Trading of JFrog

Large investors have recently modified their holdings of the company. Roubaix Capital LLC boosted its position in JFrog by 2.4% in the third quarter. Roubaix Capital LLC now owns 89,414 shares of the company’s stock worth $2,597,000 after purchasing an additional 2,111 shares during the last quarter. abrdn plc lifted its stake in shares of JFrog by 9.4% in the 3rd quarter. abrdn plc now owns 741,810 shares of the company’s stock worth $21,483,000 after purchasing an additional 63,840 shares during the period. Mount Yale Investment Advisors LLC purchased a new position in shares of JFrog in the third quarter worth approximately $275,000. Assenagon Asset Management S.A. grew its position in JFrog by 54.2% during the third quarter. Assenagon Asset Management S.A. now owns 270,137 shares of the company’s stock valued at $7,845,000 after buying an additional 95,004 shares during the period. Finally, Washington Capital Management Inc. purchased a new stake in JFrog during the third quarter valued at approximately $421,000. Institutional investors 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.