JFrog (NASDAQ:FROG) Stock Price Expected to Rise, Barclays Analyst Says

JFrog (NASDAQ:FROG - Free Report) had its price target raised by Barclays from $38.00 to $48.00 in a report issued on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts have also recently weighed in on FROG. UBS Group upped their price target on shares of JFrog from $30.00 to $38.00 and gave the company a "buy" rating in a report on Friday, November 8th. TD Cowen increased their target price on JFrog from $32.00 to $35.00 and gave the stock a "buy" rating in a report on Monday, October 28th. Truist Financial reissued a "buy" rating and issued a $35.00 price target (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. Robert W. Baird increased their price objective on JFrog from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Scotiabank boosted their target price on JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $42.17.

JFrog Stock Up 5.6 %

JFrog stock traded up $2.23 during mid-day 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. The company's 50 day simple moving average is $33.20 and its 200-day simple moving average is $30.68. The firm has a market capitalization of $4.28 billion, a P/E ratio of -79.30 and a beta of 0.97. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $46.65.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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 analyst estimates of $114.16 million. Research analysts expect that JFrog will post -0.32 EPS for the current year.

Insider Transactions at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 834 shares of the company's stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total value of $25,520.40. Following the sale, the chief financial officer now owns 97,260 shares in the company, valued at $2,976,156. This represents a 0.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Yossi Sela sold 25,000 shares of JFrog stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total value of $796,500.00. Following the transaction, the director now owns 355,129 shares of the company's stock, valued at $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. Insiders have sold 411,338 shares of company stock worth $13,710,378 in the last ninety days. Insiders own 15.70% of the company's stock.

Institutional Investors Weigh In On JFrog

Large investors have recently added to or reduced their stakes in the business. North Peak Capital Management LLC bought a new position in JFrog during the third quarter worth $73,417,000. TimesSquare Capital Management LLC boosted its holdings in shares of JFrog by 114.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock worth $88,133,000 after buying an additional 1,617,551 shares during the period. Norges Bank acquired a new position in JFrog in the 4th quarter valued at about $32,878,000. Massachusetts Financial Services Co. MA acquired a new position in JFrog in the 3rd quarter valued at about $32,401,000. Finally, Raymond James Financial Inc. bought a new position in JFrog in the 4th quarter valued at about $30,554,000. 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.