JFrog (NASDAQ:FROG) Given New $45.00 Price Target at Stifel Nicolaus

JFrog (NASDAQ:FROG - Get Free Report) had its price objective hoisted by investment analysts at Stifel Nicolaus from $35.00 to $45.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Stifel Nicolaus' price target would indicate a potential upside of 7.07% from the stock's previous close.

A number of other research analysts have also recently commented on the stock. Scotiabank boosted their target price on shares of JFrog from $25.00 to $30.00 and gave the stock a "sector perform" rating in a research report on Friday, November 8th. Morgan Stanley boosted their target price on shares of JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays boosted their target price on shares of JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a research report on Friday. Canaccord Genuity Group boosted their target price on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $38.00 target price on shares of JFrog in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.17.

JFrog Trading Up 5.6 %

FROG traded up $2.23 during trading on Friday, hitting $42.03. 2,559,993 shares of the company's stock were exchanged, compared to its average volume of 1,188,064. JFrog has a 1 year low of $22.91 and a 1 year high of $46.65. The stock has a 50 day moving average price of $33.20 and a 200 day moving average price of $30.68. The firm has a market cap of $4.28 billion, a P/E ratio of -79.30 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $116.08 million for the quarter, compared to analysts' expectations of $114.16 million. Analysts forecast that JFrog will post -0.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Tali Notman sold 75,635 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the completion of the transaction, the executive now owns 582,394 shares in the company, valued at approximately $20,383,790. This represents a 11.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Eduard Grabscheid sold 834 shares of the company's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $25,520.40. Following the transaction, the chief financial officer now owns 97,260 shares of the company's stock, valued at $2,976,156. This represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have 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

Institutional investors have recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in shares of JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after acquiring an additional 574 shares during the last quarter. West Tower Group LLC bought a new position in shares of JFrog during the third quarter worth about $116,000. KBC Group NV grew its position in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after acquiring an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new position in shares of JFrog during the fourth quarter worth about $131,000. Finally, Tower Research Capital LLC TRC grew its position in JFrog by 33,106.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after buying an additional 5,297 shares in 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.