UBS Group Increases JFrog (NASDAQ:FROG) Price Target to $38.00

JFrog (NASDAQ:FROG) had its target price raised by UBS Group from $30.00 to $38.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

FROG has been the subject of several other research reports. TD Cowen upped their target price on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, October 28th. DA Davidson reissued a “buy” rating and issued a $40.00 price objective on shares of JFrog in a research report on Monday, October 14th. Robert W. Baird raised their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday. Bank of America lowered their target price on shares of JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Piper Sandler lowered their price objective on shares of JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Three 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 MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and an average price target of $37.83.

JFrog Stock Performance

FROG traded down $1.76 during midday trading on Friday, reaching $31.10. 2,392,968 shares of the company were exchanged, compared to its average volume of 1,067,334. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -69.11 and a beta of 0.93. The company’s fifty day moving average price is $29.14 and its 200 day moving average price is $32.40. JFrog has a one year low of $22.91 and a one year high of $48.81.

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

Insiders Place Their Bets

In other news, CEO Ben Haim Shlomi sold 20,606 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $557,598.36. Following the completion of the sale, the chief executive officer now directly owns 5,027,493 shares of the company’s stock, valued at $136,043,960.58. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Ben Haim Shlomi sold 20,606 shares of JFrog stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $557,598.36. Following the completion of the transaction, the chief executive officer now directly owns 5,027,493 shares of the company’s stock, valued at $136,043,960.58. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the chief technology officer now owns 6,627,242 shares in the company, valued at $185,562,776. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 126,031 shares of company stock valued at $3,618,247. Company insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

Institutional investors and hedge funds have recently made changes to their positions in the stock. Janney Montgomery Scott LLC grew its position in JFrog by 16.4% during the first quarter. Janney Montgomery Scott LLC now owns 22,938 shares of the company’s stock worth $1,014,000 after buying an additional 3,233 shares in the last quarter. Duality Advisers LP purchased a new stake in JFrog during the first quarter worth $205,000. Swiss National Bank grew its position in JFrog by 8.0% during the 1st quarter. Swiss National Bank now owns 165,600 shares of the company’s stock worth $7,323,000 after purchasing an additional 12,200 shares during the period. Thoroughbred Financial Services LLC lifted its stake in JFrog by 52.3% in the 1st quarter. Thoroughbred Financial Services LLC now owns 17,830 shares of the company’s stock valued at $788,000 after buying an additional 6,125 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of JFrog by 394.2% during the 1st quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock worth $1,268,000 after buying an additional 22,864 shares during the last quarter. Institutional investors and hedge funds 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.