TD Cowen Raises JFrog (NASDAQ:FROG) Price Target to $35.00

JFrog (NASDAQ:FROG - Free Report) had its price objective raised by TD Cowen from $32.00 to $35.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. KeyCorp boosted their price target on shares of JFrog from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. Piper Sandler reduced their price target on shares of JFrog from $40.00 to $32.00 and set a "neutral" rating for the company in a research report on Thursday, August 8th. Scotiabank reduced their target price on JFrog from $40.00 to $25.00 and set a "sector perform" rating for the company in a report on Thursday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and issued a $33.00 price target on shares of JFrog in a research note on Monday, September 16th. Finally, Barclays decreased their price objective on JFrog from $50.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and an average target price of $36.61.

JFrog Price Performance

FROG stock traded up $0.04 during trading on Monday, hitting $29.32. 857,599 shares of the company traded hands, compared to its average volume of 1,282,555. JFrog has a 1 year low of $21.40 and a 1 year high of $48.81. The stock's 50-day simple moving average is $28.48 and its 200 day simple moving average is $32.86. The company has a market cap of $2.99 billion, a PE ratio of -65.02 and a beta of 0.94.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The firm had revenue of $103.04 million during the quarter, compared to analysts' expectations of $103.53 million. Research analysts expect that JFrog will post -0.28 earnings per share for the current year.

Insider Transactions at JFrog

In other JFrog news, CTO Yoav Landman sold 15,000 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $30.85, for a total transaction of $462,750.00. Following the sale, the chief technology officer now directly owns 6,612,242 shares in the company, valued at $203,987,665.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $30.85, for a total value of $462,750.00. Following the completion of the transaction, the chief technology officer now owns 6,612,242 shares in the company, valued at approximately $203,987,665.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CRO Tali Notman sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $36.68, for a total transaction of $1,100,400.00. Following the sale, the executive now owns 559,034 shares in the company, valued at $20,505,367.12. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 171,031 shares of company stock worth $5,103,847 over the last ninety days. Company insiders own 15.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog during the 3rd quarter worth approximately $29,000. Advisors Asset Management Inc. increased its position in shares of JFrog by 33.9% during the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company's stock worth $116,000 after purchasing an additional 662 shares in the last quarter. RiverPark Advisors LLC acquired a new stake in shares of JFrog during the first quarter worth about $140,000. Duality Advisers LP acquired a new stake in shares of JFrog in the 1st quarter valued at about $205,000. Finally, SG Americas Securities LLC purchased a new position in JFrog during the 2nd quarter worth approximately $187,000. Hedge funds and other 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.