Truist Financial Issues Positive Forecast for JFrog (NASDAQ:FROG) Stock Price

JFrog (NASDAQ:FROG) had its price objective raised by Truist Financial from $35.00 to $45.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently issued reports on FROG. Canaccord Genuity Group upped their price target on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. UBS Group raised their price target on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Robert W. Baird increased their price objective on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Barclays raised their price target on shares of JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Scotiabank raised their price objective on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.17.

JFrog Stock Up 5.5 %

FROG opened at $39.80 on Friday. The firm has a 50 day moving average price of $32.79 and a 200-day moving average price of $30.60. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of -75.09 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 results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. The firm had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. As a group, analysts expect that JFrog will post -0.32 earnings per share for the current year.

Insider Activity at JFrog

In other JFrog news, CTO Yoav Landman sold 24,652 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $37.43, for a total value of $922,724.36. Following the sale, the chief technology officer now owns 6,526,901 shares of the company’s stock, valued at $244,301,904.43. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CRO Tali Notman sold 75,635 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $2,647,225.00. Following the completion of the sale, the executive now directly owns 582,394 shares in the company, valued at $20,383,790. This trade represents a 11.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 411,338 shares of company stock worth $13,710,378 in the last quarter. 15.70% of the stock is owned by company insiders.

Institutional Trading of JFrog

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position 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 purchasing an additional 349,532 shares during the last quarter. TimesSquare Capital Management LLC raised its position in JFrog by 12.0% in 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 last quarter. North Peak Capital Management LLC bought a new position in JFrog in the 3rd quarter valued at $73,417,000. Champlain Investment Partners LLC raised its position in JFrog by 48.4% in 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 last quarter. Finally, Thrivent Financial for Lutherans raised its position in JFrog by 33.3% in 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 last quarter. Institutional investors and hedge funds 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.