UBS Group Issues Positive Forecast for JFrog (NASDAQ:FROG) Stock Price

JFrog (NASDAQ:FROG - Free Report) had its price objective increased by UBS Group from $30.00 to $38.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other brokerages also recently weighed in on FROG. Scotiabank lifted their target price on shares of JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a report on Friday. Stifel Nicolaus reduced their price target on JFrog from $45.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Morgan Stanley dropped their price objective on JFrog from $47.00 to $33.00 and set an "overweight" rating on the stock in a report on Thursday, August 8th. Barclays cut their price objective on JFrog from $50.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. Finally, TD Cowen boosted their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, October 28th. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $37.83.

JFrog Stock Down 5.4 %

FROG stock traded down $1.76 during trading on Friday, hitting $31.10. The company had a trading volume of 2,391,982 shares, compared to its average volume of 1,276,065. JFrog has a 1-year low of $22.91 and a 1-year high of $48.81. The firm has a 50-day moving average price of $29.07 and a 200-day moving average price of $32.44. The firm has a market cap of $3.17 billion, a PE ratio of -67.80 and a beta of 0.93.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly 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). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The company had revenue of $103.04 million for the quarter, compared to analysts' expectations of $103.53 million. Sell-side analysts anticipate that JFrog will post -0.28 earnings per share for the current year.

Insider Buying and Selling at JFrog

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

Institutional Trading of JFrog

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TimesSquare Capital Management LLC increased its holdings in shares of JFrog by 114.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock valued at $88,133,000 after acquiring an additional 1,617,551 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in shares of JFrog by 285.1% during the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company's stock worth $62,885,000 after purchasing an additional 1,052,800 shares during the period. Meitav Investment House Ltd. lifted its position in shares of JFrog by 4,244.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company's stock worth $32,903,000 after buying an additional 856,451 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of JFrog by 172.5% in the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company's stock valued at $49,943,000 after buying an additional 841,956 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new stake in JFrog during the second quarter worth about $30,098,000. Institutional investors 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.