Truist Financial Reiterates "Buy" Rating for JFrog (NASDAQ:FROG)

Truist Financial reiterated their buy rating on shares of JFrog (NASDAQ:FROG - Free Report) in a report published on Friday,Benzinga reports. Truist Financial currently has a $35.00 target price on the stock, up from their prior target price of $33.00.

FROG has been the subject of several other research reports. Piper Sandler decreased their price target on shares of JFrog from $40.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Morgan Stanley decreased their price target on shares of JFrog from $47.00 to $33.00 and set an "overweight" rating for the company in a research report on Thursday, August 8th. Scotiabank decreased their price target on shares of JFrog from $40.00 to $25.00 and set a "sector perform" rating for the company in a research report on Thursday, August 8th. Robert W. Baird raised their price target on shares of JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, JFrog presently has an average rating of "Moderate Buy" and a consensus price target of $37.83.

JFrog Price Performance

JFrog stock traded down $1.76 during midday trading on Friday, reaching $31.10. The company had a trading volume of 2,391,982 shares, compared to its average volume of 1,276,065. The company has a market capitalization of $3.17 billion, a P/E ratio of -67.80 and a beta of 0.93. JFrog has a 12-month low of $22.91 and a 12-month high of $48.81. The firm's fifty day simple moving average is $29.07 and its 200-day simple moving average is $32.44.

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

Insider Transactions at JFrog

In other JFrog news, CRO Tali Notman sold 11,621 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $314,464.26. Following the transaction, the executive now directly owns 547,413 shares in the company, valued at approximately $14,812,995.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other JFrog news, CTO Yoav Landman sold 15,000 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the sale, the chief technology officer now owns 6,627,242 shares of the company's stock, valued at $185,562,776. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Tali Notman sold 11,621 shares of the company's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $314,464.26. Following the completion of the sale, the executive now directly owns 547,413 shares in the company, valued at $14,812,995.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 126,031 shares of company stock worth $3,618,247 over the last ninety days. 15.70% of the stock is currently owned by company insiders.

Institutional Trading of JFrog

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of JFrog by 7.4% during the first quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company's stock valued at $335,141,000 after buying an additional 523,432 shares during the period. Bank of New York Mellon Corp increased its position in JFrog by 22.3% during the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company's stock worth $115,791,000 after purchasing an additional 561,897 shares during the last quarter. TimesSquare Capital Management LLC increased its position in JFrog by 114.1% during the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock worth $88,133,000 after purchasing an additional 1,617,551 shares during the last quarter. Thrivent Financial for Lutherans increased its position in JFrog by 33.3% during the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company's stock worth $68,969,000 after purchasing an additional 593,478 shares during the last quarter. Finally, Lord Abbett & CO. LLC increased its position in JFrog by 4.4% during the first quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company's stock worth $76,160,000 after purchasing an additional 73,036 shares during the last quarter. Hedge funds and other 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.