DA Davidson Has Lowered Expectations for JFrog (NASDAQ:FROG) Stock Price

JFrog (NASDAQ:FROG - Free Report) had its target price cut by DA Davidson from $50.00 to $40.00 in a research note published on Monday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 price target on shares of JFrog in a report on Wednesday, February 12th. Raymond James started coverage on JFrog in a research note on Friday, April 11th. They issued an "outperform" rating and a $40.00 target price for the company. Truist Financial raised their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Stifel Nicolaus increased their price objective on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Canaccord Genuity Group raised their target price on shares of JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.71.

JFrog Price Performance

Shares of FROG stock traded down $0.72 during midday trading on Monday, reaching $31.08. 613,588 shares of the company traded hands, compared to its average volume of 1,149,331. The firm has a market cap of $3.56 billion, a PE ratio of -49.33 and a beta of 0.98. The firm's 50 day simple moving average is $34.12 and its two-hundred day simple moving average is $32.34. JFrog has a 1-year low of $22.91 and a 1-year high of $43.00.

JFrog (NASDAQ:FROG - Get Free Report) last announced 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 net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $116.08 million during the quarter, compared to analysts' expectations of $114.16 million. As a group, research analysts anticipate that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $35.92, for a total transaction of $1,257,200.00. Following the completion of the transaction, the director now directly owns 4,409,432 shares of the company's stock, valued at $158,386,797.44. This trade represents a 0.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Yossi Sela sold 14,300 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total transaction of $579,436.00. Following the completion of the sale, the director now directly owns 306,277 shares in the company, valued at approximately $12,410,344.04. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 429,104 shares of company stock worth $15,084,429. 15.70% of the stock is owned by corporate insiders.

Institutional Trading of JFrog

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new position in JFrog in the 4th quarter valued at about $32,878,000. Raymond James Financial Inc. acquired a new position in JFrog in the 4th quarter valued at $30,554,000. Mackenzie Financial Corp increased its position in JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock worth $58,703,000 after buying an additional 965,912 shares during the period. Champlain Investment Partners LLC increased its position in JFrog by 48.4% during the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after acquiring an additional 797,949 shares during the period. Finally, Bamco Inc. NY bought a new stake in shares of JFrog in the fourth quarter valued at approximately $21,322,000. 85.02% of the stock is owned by institutional investors.

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.