JFrog (NASDAQ:FROG) Shares Gap Up After Analyst Upgrade

JFrog Ltd. (NASDAQ:FROG - Get Free Report)'s share price gapped up before the market opened on Friday after Stifel Nicolaus raised their price target on the stock from $35.00 to $45.00. The stock had previously closed at $37.71, but opened at $43.00. Stifel Nicolaus currently has a buy rating on the stock. JFrog shares last traded at $40.05, with a volume of 1,285,900 shares traded.

Several other research analysts also recently commented on the company. Needham & Company LLC boosted their target price on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday. Canaccord Genuity Group increased their price objective on shares of JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research note on Friday. 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 note on Friday. UBS Group increased their price target on JFrog from $30.00 to $38.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Finally, KeyCorp reissued an "overweight" rating and set a $46.00 price objective (up previously from $36.00) on shares of JFrog in a report on Friday. 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. According to MarketBeat, JFrog presently has an average rating of "Moderate Buy" and an average target price of $42.17.

Insider Transactions at JFrog

In other news, 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 sale, the chief financial officer now directly 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Yoav Landman sold 24,652 shares of the stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $37.43, for a total transaction of $922,724.36. Following the completion of the sale, the chief technology officer now directly owns 6,526,901 shares in the company, valued at approximately $244,301,904.43. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 411,338 shares of company stock worth $13,710,378. 15.70% of the stock is owned by company insiders.

Institutional Trading of JFrog

A number of hedge funds and other institutional investors have recently bought and sold shares of FROG. Vanguard Group Inc. boosted its holdings in JFrog by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock valued at $259,882,000 after purchasing an additional 349,532 shares during the period. TimesSquare Capital Management LLC lifted its position in JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after purchasing an additional 365,376 shares during the last quarter. North Peak Capital Management LLC bought a new stake in shares of JFrog during the 3rd quarter worth $73,417,000. Champlain Investment Partners LLC boosted its holdings in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after purchasing an additional 797,949 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its stake in JFrog by 33.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company's stock worth $68,969,000 after buying an additional 593,478 shares in the last quarter. Institutional investors own 85.02% of the company's stock.

JFrog Trading Up 5.6 %

The company has a market cap of $4.28 billion, a P/E ratio of -79.30 and a beta of 0.97. The company's fifty day moving average is $33.20 and its 200 day moving average is $30.68.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). The company had revenue of $116.08 million for the quarter, compared to analysts' expectations of $114.16 million. JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. Analysts anticipate that JFrog Ltd. will post -0.32 EPS for the current year.

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.