Piper Sandler Cuts JFrog (NASDAQ:FROG) Price Target to $20.00

JFrog (NASDAQ:FROGGet Rating) had its price target lowered by Piper Sandler from $24.00 to $20.00 in a research report report published on Thursday, The Fly reports.

A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered JFrog from a buy rating to a hold rating in a research report on Wednesday, May 18th. Oppenheimer dropped their target price on shares of JFrog from $45.00 to $37.00 in a report on Tuesday, May 10th. Stifel Nicolaus decreased their target price on shares of JFrog from $36.00 to $29.00 in a research note on Tuesday, May 10th. Needham & Company LLC dropped their price target on JFrog from $32.00 to $23.00 in a research note on Tuesday, May 10th. Finally, Morgan Stanley cut their target price on shares of JFrog from $43.00 to $40.00 and set an equal weight rating for the company in a research report on Monday, February 14th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, JFrog presently has a consensus rating of Buy and a consensus target price of $28.33.

Shares of FROG stock opened at $19.41 on Thursday. JFrog has a fifty-two week low of $16.36 and a fifty-two week high of $50.31. The stock has a 50 day moving average price of $22.43 and a two-hundred day moving average price of $25.98.

JFrog (NASDAQ:FROGGet Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). The firm had revenue of $63.70 million during the quarter, compared to analysts’ expectations of $61.32 million. JFrog had a negative return on equity of 9.02% and a negative net margin of 33.74%. On average, equities analysts predict that JFrog will post -0.52 EPS for the current year.

In related news, CRO Tali Notman sold 15,000 shares of the firm’s stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $24.89, for a total value of $373,350.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Yakov (Jacob) Shulman sold 6,000 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $17.82, for a total value of $106,920.00. Following the completion of the sale, the chief financial officer now owns 320,922 shares of the company’s stock, valued at $5,718,830.04. The disclosure for this sale can be found here. Insiders have sold a total of 63,074 shares of company stock valued at $1,470,094 over the last quarter. Corporate insiders own 33.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of FROG. Penserra Capital Management LLC bought a new stake in shares of JFrog in the third quarter valued at about $60,000. US Bancorp DE raised its holdings in shares of JFrog by 2,303.3% in the first quarter. US Bancorp DE now owns 2,211 shares of the company’s stock valued at $60,000 after acquiring an additional 2,119 shares in the last quarter. Advisor Group Holdings Inc. raised its holdings in shares of JFrog by 21.8% in the third quarter. Advisor Group Holdings Inc. now owns 3,026 shares of the company’s stock valued at $102,000 after acquiring an additional 542 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of JFrog in the fourth quarter valued at about $104,000. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD bought a new stake in shares of JFrog in the first quarter valued at about $111,000. 65.75% of the stock is owned by hedge funds and other institutional investors.

JFrog Company Profile (Get Rating)

JFrog Ltd. provides DevOps platform in the United States. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration/continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; and JFrog Distribution that provides software package distribution with enterprise-grade performance.

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