JFrog (NASDAQ:FROG) Price Target Raised to $44.00 at Morgan Stanley

JFrog (NASDAQ:FROG - Free Report) had its price objective raised by Morgan Stanley from $36.00 to $44.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other brokerages have also issued reports on FROG. Robert W. Baird upped their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. 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 research note on Friday, November 8th. Truist Financial reaffirmed a "buy" rating and issued a $35.00 price target (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $38.00 price objective on shares of JFrog in a research report on Wednesday, February 12th. Finally, Needham & Company LLC raised their price target on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, JFrog currently has an average rating of "Moderate Buy" and a consensus price target of $42.17.

JFrog Price Performance

Shares of JFrog stock traded up $2.23 during trading on Friday, reaching $42.03. 2,559,993 shares of the company traded hands, compared to its average volume of 1,188,064. The firm has a market capitalization of $4.28 billion, a PE ratio of -79.30 and a beta of 0.97. JFrog has a 1-year low of $22.91 and a 1-year high of $46.65. The company has a 50 day moving average price of $33.20 and a 200-day moving average price of $30.68.

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

Insider Buying and Selling at JFrog

In other JFrog news, CRO Tali Notman sold 11,529 shares of the firm's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $352,787.40. Following the sale, the executive now owns 525,185 shares in the company, valued at approximately $16,070,661. This trade represents a 2.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Yossi Sela sold 25,000 shares of the firm's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $31.86, for a total value of $796,500.00. Following the sale, the director now directly owns 355,129 shares in the company, valued at approximately $11,314,409.94. This represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 411,338 shares of company stock valued at $13,710,378. Company insiders own 15.70% of the company's stock.

Hedge Funds Weigh In On JFrog

A number of hedge funds have recently made changes to their positions in the business. US Bancorp DE lifted its holdings in JFrog by 7.7% in the 4th quarter. US Bancorp DE now owns 7,199 shares of the company's stock worth $212,000 after purchasing an additional 512 shares in the last quarter. Snowden Capital Advisors LLC lifted its position in JFrog by 4.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock valued at $409,000 after purchasing an additional 564 shares during the last quarter. Jones Financial Companies Lllp lifted its position in JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after purchasing an additional 574 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of JFrog by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company's stock worth $1,093,000 after buying an additional 577 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of JFrog by 2.6% in the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock worth $800,000 after buying an additional 682 shares during the last quarter. 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.