Scotiabank Boosts JFrog (NASDAQ:FROG) Price Target to $30.00

JFrog (NASDAQ:FROG - Free Report) had its price target increased by Scotiabank from $25.00 to $30.00 in a research report report published on Friday morning,Benzinga reports. Scotiabank currently has a sector perform rating on the stock.

A number of other brokerages also recently weighed in on FROG. Stifel Nicolaus cut their price target on shares of JFrog from $45.00 to $30.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Bank of America cut their price target on shares of JFrog from $54.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. KeyCorp increased their price target on shares of JFrog from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Thursday, September 12th. DA Davidson restated a "buy" rating and set a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Finally, Barclays dropped their target price on shares of JFrog from $50.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, August 9th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $37.83.

JFrog Price Performance

Shares of NASDAQ FROG traded down $1.76 during mid-day trading on Friday, hitting $31.10. The company's stock had a trading volume of 2,391,982 shares, compared to its average volume of 1,276,065. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of -67.80 and a beta of 0.93. JFrog has a one year low of $22.91 and a one year high of $48.81. The company's fifty day simple moving average is $29.07 and its 200-day simple moving average is $32.44.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. On average, sell-side analysts predict that JFrog will post -0.28 EPS for the current year.

Insider Activity at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the firm's stock in a transaction on Friday, October 11th. The shares were 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 directly owns 6,612,242 shares of the company's stock, valued at approximately $203,987,665.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CTO Yoav Landman sold 15,000 shares of the firm's stock in a transaction on Friday, October 11th. The shares were 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 directly owns 6,612,242 shares of the company's stock, valued at approximately $203,987,665.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Tali Notman sold 10,699 shares of JFrog stock in a transaction on Monday, September 9th. The stock was sold at an average price of $28.29, for a total transaction of $302,674.71. Following the transaction, the executive now directly owns 536,714 shares of the company's stock, valued at approximately $15,183,639.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,031 shares of company stock valued at $3,618,247. 15.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JFrog

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in JFrog by 7.4% during the first quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company's stock worth $335,141,000 after purchasing an additional 523,432 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of JFrog by 22.3% during the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company's stock worth $115,791,000 after buying an additional 561,897 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of JFrog by 114.1% during the third 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 in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of JFrog by 33.3% during 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. Finally, Lord Abbett & CO. LLC raised its stake in JFrog by 4.4% in the first quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company's stock valued at $76,160,000 after purchasing an additional 73,036 shares in the last quarter. 85.02% of the stock is owned by institutional investors.

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.