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

JFrog (NASDAQ:FROG) had its price target lifted by Stifel Nicolaus from $35.00 to $45.00 in a research report sent to investors on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently weighed in on FROG. TD Cowen lifted their price target on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th. Morgan Stanley lifted their price target on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird upped their target price on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 price target on shares of JFrog in a report on Wednesday. Finally, UBS Group increased their price objective on JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus price target of $42.17.

JFrog Stock Up 5.5 %

Shares of JFrog stock opened at $39.80 on Friday. The stock’s fifty day moving average is $32.79 and its 200-day moving average is $30.71. JFrog has a 12-month low of $22.91 and a 12-month high of $48.81.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share 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%. As a group, sell-side analysts predict that JFrog will post -0.32 EPS for the current fiscal year.

Insider Transactions at JFrog

In other news, CRO Tali Notman sold 75,635 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $2,647,225.00. Following the completion of the sale, the executive now directly owns 582,394 shares in the company, valued at approximately $20,383,790. The trade was a 11.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eduard Grabscheid sold 834 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $25,520.40. Following the completion of the sale, the chief financial officer now owns 97,260 shares of the company’s stock, valued at $2,976,156. The trade was a 0.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 411,685 shares of company stock worth $13,720,965. 15.70% of the stock is owned by insiders.

Institutional Trading of JFrog

Institutional investors and hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after acquiring an additional 574 shares during the period. KBC Group NV increased its position in JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after acquiring an additional 1,105 shares during the period. West Tower Group LLC bought a new position in JFrog during the third quarter worth $116,000. BankPlus Trust Department bought a new position in JFrog during the fourth quarter worth $131,000. Finally, Sanctuary Advisors LLC bought a new position in JFrog during the second quarter worth $188,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.