JFrog (NASDAQ:FROG) Earns “Overweight” Rating from KeyCorp

KeyCorp reissued their overweight rating on shares of JFrog (NASDAQ:FROG) in a research note issued to investors on Friday,Benzinga reports. The firm currently has a $46.00 target price on the stock, up from their previous target price of $36.00.

FROG has been the subject of a number of other reports. Robert W. Baird boosted their price target on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Needham & Company LLC boosted their price target on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of JFrog in a research note on Wednesday, February 12th. Barclays upped their target price on JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, TD Cowen boosted their price target on JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.17.

JFrog Stock Up 5.5 %

Shares of NASDAQ FROG opened at $39.80 on Friday. The business’s 50 day moving average price is $32.79 and its 200 day moving average price is $30.60. The firm has a market cap of $4.05 billion, a P/E ratio of -75.09 and a beta of 0.97. JFrog has a 52 week low of $22.91 and a 52 week high of $48.81.

JFrog (NASDAQ:FROG) last issued 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). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The firm had revenue of $116.08 million during the quarter, compared to analysts’ expectations of $114.16 million. As a group, research analysts expect that JFrog will post -0.32 earnings per share for the current year.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 24,652 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $37.43, for a total transaction of $922,724.36. Following 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 represents a 0.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Tali Notman sold 75,635 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $35.00, for a total value of $2,647,225.00. Following the transaction, the executive now directly owns 582,394 shares in the company, valued at approximately $20,383,790. The trade was a 11.49 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 411,338 shares of company stock worth $13,710,378. 15.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JFrog

Several hedge funds have recently bought and sold shares of FROG. Sanctuary Advisors LLC acquired a new position in JFrog during the 2nd quarter worth about $188,000. Assenagon Asset Management S.A. raised its position in JFrog by 54.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 270,137 shares of the company’s stock valued at $7,845,000 after purchasing an additional 95,004 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in JFrog in the 3rd quarter valued at about $275,000. abrdn plc raised its position in JFrog by 9.4% in the 3rd quarter. abrdn plc now owns 741,810 shares of the company’s stock valued at $21,483,000 after purchasing an additional 63,840 shares in the last quarter. Finally, Roubaix Capital LLC raised its position in JFrog by 2.4% in the 3rd quarter. Roubaix Capital LLC now owns 89,414 shares of the company’s stock valued at $2,597,000 after purchasing an additional 2,111 shares in the last quarter. Institutional investors and hedge funds 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.