JFrog (NASDAQ:FROG) Price Target Raised to $45.00 at Stifel Nicolaus

JFrog (NASDAQ:FROG) had its price target hoisted by Stifel Nicolaus from $35.00 to $45.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

FROG has been the topic of a number of other reports. KeyCorp reissued an “overweight” rating and issued a $46.00 price target (up from $36.00) on shares of JFrog in a research note on Friday. UBS Group raised their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Truist Financial raised their price objective on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday. Needham & Company LLC raised their price objective on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday. Finally, Morgan Stanley lifted their target price on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday. 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $42.17.

JFrog Stock Up 5.5 %

FROG opened at $39.80 on Friday. JFrog has a 52 week low of $22.91 and a 52 week high of $48.81. The business’s fifty day simple moving average is $32.79 and its 200 day simple moving average is $30.71.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. On average, equities analysts expect that JFrog will post -0.32 EPS for the current fiscal year.

Insider Activity at JFrog

In other JFrog news, Director Yossi Sela sold 25,000 shares of JFrog stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total transaction of $796,500.00. Following the sale, the director now owns 355,129 shares of the company’s stock, valued at $11,314,409.94. The trade was a 6.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Yoav Landman sold 24,652 shares of JFrog stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $37.43, for a total value of $922,724.36. Following the sale, 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 disclosure for this sale can be found here. Insiders sold 411,685 shares of company stock worth $13,720,965 in the last 90 days. 15.70% of the stock is currently owned by company insiders.

Institutional Trading of JFrog

A number of hedge funds and other institutional investors have recently modified their holdings of the company. One68 Global Capital LLC bought a new stake in shares of JFrog in the 4th quarter worth $309,000. Schonfeld Strategic Advisors LLC raised its stake in shares of JFrog by 134.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 33,270 shares of the company’s stock worth $978,000 after buying an additional 19,057 shares in the last quarter. Northern Trust Corp raised its stake in shares of JFrog by 79.0% in the 4th quarter. Northern Trust Corp now owns 155,121 shares of the company’s stock worth $4,562,000 after buying an additional 68,463 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of JFrog in the 4th quarter worth $223,000. Finally, Boothbay Fund Management LLC raised its stake in shares of JFrog by 5.5% in the 4th quarter. Boothbay Fund Management LLC now owns 77,142 shares of the company’s stock worth $2,269,000 after buying an additional 4,056 shares in the last quarter. 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.