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

JFrog (NASDAQ:FROG - Get Free Report) had its price target increased by equities researchers at Truist Financial from $35.00 to $45.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Truist Financial's price objective indicates a potential upside of 7.07% from the company's current price.

Several other equities analysts have also weighed in on the stock. Morgan Stanley lifted their target price on shares of JFrog from $36.00 to $44.00 and gave the company an "overweight" rating in a report on Friday. Cantor Fitzgerald restated an "overweight" rating and issued a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. UBS Group raised their price objective on JFrog from $30.00 to $38.00 and gave the company a "buy" rating in a report on Friday, November 8th. Canaccord Genuity Group upped their target price on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Needham & Company LLC boosted their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday. Three investment 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.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $42.17.

JFrog Price Performance

FROG traded up $2.23 on Friday, reaching $42.03. 2,559,993 shares of the stock were exchanged, compared to its average volume of 1,188,064. The company's 50-day moving average price is $33.20 and its 200 day moving average price is $30.68. The firm has a market capitalization of $4.28 billion, a PE 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 announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. The business had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. As a group, equities analysts forecast that JFrog will post -0.32 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In other JFrog news, CTO Yoav Landman sold 24,652 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $37.43, for a total value of $922,724.36. Following the transaction, the chief technology officer now directly owns 6,526,901 shares in the company, valued at $244,301,904.43. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Eduard Grabscheid sold 834 shares of the firm'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 transaction of $25,520.40. Following the sale, 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. Insiders have sold a total of 411,338 shares of company stock worth $13,710,378 in the last quarter. Company insiders own 15.70% of the company's stock.

Institutional Trading of JFrog

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp boosted its stake in 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 buying an additional 574 shares during the period. West Tower Group LLC purchased a new position in shares of JFrog during the 3rd quarter worth approximately $116,000. KBC Group NV increased its holdings in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after purchasing an additional 1,105 shares during the last quarter. BankPlus Trust Department purchased a new position in shares of JFrog during the fourth quarter worth $131,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of JFrog by 33,106.3% in the fourth 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. 85.02% of the stock is owned by institutional investors and hedge funds.

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.