JFrog (NASDAQ:FROG) Price Target Raised to $45.00 at Canaccord Genuity Group

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

Several other analysts have also issued reports on the stock. Needham & Company LLC upped their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday. TD Cowen upped their price target on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Morgan Stanley upped their price objective on shares of JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a report on Friday. Truist Financial reiterated a “buy” rating and issued a $35.00 price objective (up from $33.00) on shares of JFrog in a report on Friday, November 8th. Finally, Robert W. Baird upped their price objective on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Three investment 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.17.

JFrog Stock Up 5.5 %

NASDAQ FROG opened at $39.80 on Friday. The firm’s fifty day moving average price is $32.79 and its two-hundred day moving average price is $30.71. JFrog has a 1 year low of $22.91 and a 1 year high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (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%. On average, analysts anticipate that JFrog will post -0.32 earnings per share for the current year.

Insider Transactions at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $35.92, for a total value of $1,257,200.00. Following the completion of the transaction, the director now owns 4,409,432 shares in the company, valued at $158,386,797.44. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Yoav Landman sold 24,652 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $37.43, for a total transaction of $922,724.36. Following the completion of the transaction, the chief technology officer now owns 6,526,901 shares of the company’s stock, valued at approximately $244,301,904.43. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 411,685 shares of company stock valued at $13,720,965. 15.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in JFrog by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock valued at $259,882,000 after buying an additional 349,532 shares during the last quarter. TimesSquare Capital Management LLC increased its position in JFrog by 12.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after purchasing an additional 365,376 shares during the period. North Peak Capital Management LLC acquired a new stake in JFrog during the 3rd quarter valued at approximately $73,417,000. Champlain Investment Partners LLC increased its position in JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock valued at $71,961,000 after purchasing an additional 797,949 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in JFrog by 33.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after purchasing an additional 593,478 shares during the period. Institutional investors own 85.02% of the company’s stock.

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.