JFrog (NASDAQ:FROG) Price Target Raised to $36.00 at Needham & Company LLC

JFrog (NASDAQ:FROG) had its target price lifted by stock analysts at Needham & Company LLC from $33.00 to $36.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target would suggest a potential upside of 15.76% from the company’s previous close.

FROG has been the topic of several other reports. DA Davidson reissued a “buy” rating and issued a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. Stifel Nicolaus cut their target price on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 price target on shares of JFrog in a research report on Tuesday, October 29th. UBS Group cut their price objective on shares of JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, Scotiabank lowered their target price on JFrog from $40.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $37.83.

JFrog Price Performance

JFrog stock traded down $1.76 during midday trading on Friday, reaching $31.10. 2,392,968 shares of the company traded hands, compared to its average volume of 1,067,334. JFrog has a 12 month low of $22.91 and a 12 month 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 50 day moving average of $29.14 and a two-hundred day moving average of $32.35.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) 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 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 forecast that JFrog will post -0.28 EPS for the current year.

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the completion of the transaction, the chief executive officer now owns 5,027,493 shares in the company, valued at $136,043,960.58. This trade 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 is available through this link. In related news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was 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 in the company, valued at $203,987,665.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 20,606 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the transaction, the chief executive officer now owns 5,027,493 shares in the company, valued at $136,043,960.58. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 126,031 shares of company stock worth $3,618,247. Insiders own 15.70% of the company’s stock.

Institutional Trading of JFrog

Several institutional investors have recently added to or reduced their stakes in FROG. Assenagon Asset Management S.A. bought a new stake in JFrog during the 2nd quarter valued at about $6,576,000. Russell Investments Group Ltd. raised its position in JFrog by 394.2% during the 1st quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock valued at $1,268,000 after purchasing an additional 22,864 shares in the last quarter. Thornburg Investment Management Inc. purchased a new stake in shares of JFrog in the 1st quarter worth $5,337,000. Quadrature Capital Ltd grew its position in shares of JFrog by 86.8% during the 1st quarter. Quadrature Capital Ltd now owns 119,025 shares of the company’s stock worth $5,263,000 after buying an additional 55,296 shares in the last quarter. Finally, Tidal Investments LLC purchased a new position in shares of JFrog during the first quarter valued at $3,251,000. Institutional investors own 85.02% of the company’s stock.

About JFrog

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.