JFrog (NASDAQ:FROG) Price Target Raised to $48.00

JFrog (NASDAQ:FROG) had its target price raised by analysts at Barclays from $38.00 to $48.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 20.00% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. UBS Group boosted their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Robert W. Baird boosted their price objective on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Canaccord Genuity Group increased their target price on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley boosted their price target on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, TD Cowen raised their price objective on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.00.

JFrog Price Performance

Shares of JFrog stock traded up $2.29 during trading hours on Friday, hitting $40.00. The company had a trading volume of 1,652,853 shares, compared to its average volume of 1,026,594. The company’s 50-day moving average is $32.62 and its two-hundred day moving average is $30.70. The company has a market cap of $4.08 billion, a P/E ratio of -75.47 and a beta of 0.97. JFrog has a twelve month low of $22.91 and a twelve month high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. Sell-side analysts expect that JFrog will post -0.32 EPS for the current year.

Insider Buying and Selling

In other JFrog news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $30.26, for a total value of $453,900.00. Following the completion of the transaction, the chief technology officer now directly owns 6,582,242 shares of the company’s stock, valued at $199,178,642.92. This represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO Tali Notman sold 11,529 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $352,787.40. Following the sale, the executive now owns 525,185 shares of the company’s stock, valued at $16,070,661. This represents a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 411,685 shares of company stock valued at $13,720,965. Insiders own 15.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FROG. Tower Research Capital LLC TRC lifted its holdings in JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock worth $156,000 after buying an additional 5,297 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in JFrog by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company’s stock worth $52,509,000 after purchasing an additional 53,622 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in JFrog by 48.4% in the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock worth $71,961,000 after purchasing an additional 797,949 shares during the period. Marshall Wace LLP increased its stake in JFrog by 36.1% during the fourth quarter. Marshall Wace LLP now owns 11,838 shares of the company’s stock valued at $348,000 after purchasing an additional 3,138 shares during the last quarter. Finally, Wasatch Advisors LP raised its holdings in shares of JFrog by 3.3% during the fourth quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company’s stock worth $65,028,000 after purchasing an additional 70,204 shares during the period. 85.02% of the stock is currently owned by institutional investors.

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.