JFrog (NASDAQ:FROG) Price Target Raised to $35.00

JFrog (NASDAQ:FROG) had its price target hoisted by TD Cowen from $32.00 to $35.00 in a research report released on Monday, Benzinga reports. TD Cowen currently has a buy rating on the stock.

Several other research analysts have also weighed in on FROG. Scotiabank lowered their price objective on JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a research report on Thursday, August 8th. Baird R W raised JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. DA Davidson reissued a “buy” rating and issued a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $35.00 price objective on shares of JFrog in a research report on Wednesday, September 11th. Finally, KeyCorp boosted their target price on JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Three investment 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 MarketBeat.com, JFrog has an average rating of “Moderate Buy” and an average price target of $36.61.

JFrog Stock Down 2.5 %

NASDAQ FROG opened at $29.37 on Monday. The company has a market cap of $2.99 billion, a price-to-earnings ratio of -65.27 and a beta of 0.94. JFrog has a twelve month low of $21.45 and a twelve month high of $48.81. The business’s fifty day moving average is $28.62 and its 200 day moving average is $32.70.

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

Insider Activity at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $25.68, for a total value of $385,200.00. Following the transaction, the chief technology officer now owns 6,642,242 shares in the company, valued at approximately $170,572,774.56. This represents 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 accessible through this link. In other JFrog news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $25.68, for a total transaction of $385,200.00. Following the sale, the chief technology officer now owns 6,642,242 shares of the company’s stock, valued at $170,572,774.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Tali Notman sold 11,621 shares of the business’s 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 sale, the executive now directly owns 547,413 shares in the company, valued at $14,812,995.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,031 shares of company stock worth $4,003,447. Insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp raised its holdings in JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after acquiring an additional 384 shares during the period. George Kaiser Family Foundation increased its holdings in shares of JFrog by 0.7% in the second quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock worth $2,818,000 after purchasing an additional 532 shares during the period. Van ECK Associates Corp increased its holdings in shares of JFrog by 1.6% in the third quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock worth $1,093,000 after purchasing an additional 577 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after purchasing an additional 662 shares during the period. Finally, US Bancorp DE increased its holdings in shares of JFrog by 13.6% in the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares during the period. 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.