JFrog (NASDAQ:FROG – Free Report) The price target was cut by Bank of America from $54.00 to $44.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the stock.
Several other research analysts also recently commented on the company. Truist Financial lowered their price target on JFrog from $50.00 to $30.00 and gave the company a buy rating in a research note on Thursday. Needham & Company LLC reiterated a buy rating and set a $45.00 price target on shares of JFrog in a report on Tuesday, June 25. Oppenheimer downgraded JFrog from an outperform rating to a market perform rating in a report on Thursday. UBS Group lowered their price target on JFrog from $41.00 to $30.00 and issued a buy rating on the stock in a report on Thursday. Finally, FBN Securities initiated coverage on JFrog in a report on Wednesday, May 22. They issued an outperform rating and a $45.00 price target on the stock. Three analysts have rated the stock with a hold rating and fourteen have given the company’s stock a buy rating. According to MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus price target of $38.00.
Check out our latest report on FROG
JFrog price history
FROG stock rose $1.46 in midday trading on Thursday, reaching $26.14. The company had a trading volume of 3,122,110 shares, compared to its average volume of 1,272,460. The company has a market cap of $2.66 billion, a price-to-earnings ratio of -55.62, and a beta of 0.96. The stock has a 50-day moving average price of $35.00 and a 200-day moving average price of $37.82. JFrog has a 1-year low of $21.38 and a 1-year high of $48.81.
JFrog (NASDAQ:FROG – Free Report) last released its quarterly earnings results on Thursday, May 9. The company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $100.31 million during the quarter, compared to the consensus estimate of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. Overall, research analysts expect that JFrog will post earnings per share of -$0.21 for the current year.
Insiders place their bets
In other JFrog news, CRO Tali Notman sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1. The shares were sold at an average price of $36.68, for a total transaction of $1,100,400.00. Following the transaction, the executive now directly owns 559,034 shares of the company’s stock, valued at approximately $20,505,367.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CRO Tali Notman sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1. The shares were sold at an average price of $36.68, for a total transaction of $1,100,400.00. Following the transaction, the chief technology officer now directly owns 559,034 shares of the company’s stock, valued at $20,505,367.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC’s website. Also, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, June 7. The shares were sold at an average price of $32.35, for a total value of $485,250.00. Following the transaction, the chief technology officer now directly owns 6,747,142 shares of the company’s stock, valued at $218,270,043.70. The disclosure regarding this sale can be found here. In the last three months, insiders have sold 272,107 shares of the company’s stock, valued at $9,513,787. Company insiders own 15.70% of the company’s stock.
Hedge funds comment on JFrog
Institutional investors have recently changed their holdings in the company. Quadrature Capital Ltd acquired a new stake in JFrog in the 4th quarter valued at $2,206,000. Russell Investments Group Ltd. increased its holdings in JFrog by 394.2% in 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. Syon Capital LLC acquired a new stake in JFrog in the 4th quarter valued at $22,086,000. Thornburg Investment Management Inc. acquired a new stake in JFrog in the 1st quarter valued at $5,337,000. Finally, Dimensional Fund Advisors LP increased its holdings in JFrog by 10.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,575,867 shares of the company’s stock valued at $54,542,000 after purchasing an additional 145,465 shares during the last quarter. 85.02% of the shares are owned by institutional investors and hedge funds.
JFrog Company Profile
(Get free report)
JFrog Ltd. provides an end-to-end platform for hybrid software supply chains in the US, Israel, India and globally. The company offers JFrog Artifactory, a package repository where teams and organizations can store, update and manage their software packages; JFrog Curation, which acts as a guard outside the software development pipeline and controls the ingestion 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, which enables distribution of software packages.
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