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

JFrog (NASDAQ:FROG) had its target price raised by investment analysts at UBS Group from $30.00 to $38.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would indicate a potential upside of 22.19% from the company’s current price.

FROG has been the topic of a number of other reports. TD Cowen upped their target price on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, October 28th. KeyCorp upped their target price on JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. Canaccord Genuity Group decreased their target price on JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. DA Davidson reissued a “buy” rating and issued a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Finally, Piper Sandler reduced their price target on JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. Three 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 company’s stock. According to data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and an average target price of $37.83.

JFrog Stock Down 5.4 %

NASDAQ:FROG traded down $1.76 on Friday, reaching $31.10. 2,392,968 shares of the company’s stock were exchanged, compared to its average volume of 1,067,334. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of -69.11 and a beta of 0.93. The business has a fifty day moving average of $29.14 and a 200-day moving average of $32.35.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. As a group, equities analysts anticipate that JFrog will post -0.28 earnings per share for the current year.

Insider Buying and Selling

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 transaction of $462,750.00. Following the completion of the sale, the chief technology officer now directly owns 6,612,242 shares in the company, valued at $203,987,665.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Ben Haim Shlomi sold 35,550 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the transaction, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. 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 this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief technology officer now directly owns 6,612,242 shares of the company’s stock, valued at approximately $203,987,665.70. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 126,031 shares of company stock valued at $3,618,247 over the last three months. Company insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in JFrog by 1,277.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 231,762 shares of the company’s stock worth $6,730,000 after purchasing an additional 214,935 shares in the last quarter. Wrapmanager Inc. raised its stake in shares of JFrog by 13.5% during the third quarter. Wrapmanager Inc. now owns 9,769 shares of the company’s stock worth $284,000 after acquiring an additional 1,161 shares in the last quarter. George Kaiser Family Foundation lifted its stake in JFrog by 37.1% in the third quarter. George Kaiser Family Foundation now owns 102,858 shares of the company’s stock worth $2,987,000 after purchasing an additional 27,821 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of JFrog by 33.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company’s stock valued at $68,969,000 after acquiring an additional 593,478 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in shares of JFrog by 30.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after buying an additional 210,000 shares during the period. 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.