JFrog (NASDAQ:FROG) Given New $39.00 Price Target at Morgan Stanley

JFrog (NASDAQ:FROG - Get Free Report) had its target price decreased by Morgan Stanley from $44.00 to $39.00 in a report released on Wednesday, MarketBeat.com reports. The brokerage presently has an "overweight" rating on the stock. Morgan Stanley's target price points to a potential upside of 30.92% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Barclays upped their price objective on shares of JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. DA Davidson decreased their price target on JFrog from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Truist Financial raised their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Needham & Company LLC upped their target price on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group increased their price target on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Three 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 stock. Based on data from MarketBeat, JFrog has an average rating of "Moderate Buy" and an average price target of $40.71.

JFrog Stock Performance

Shares of NASDAQ:FROG traded down $1.29 during midday trading on Wednesday, hitting $29.79. 969,863 shares of the stock were exchanged, compared to its average volume of 1,150,768. The business's fifty day simple moving average is $34.12 and its two-hundred day simple moving average is $32.41. JFrog has a 52-week low of $22.91 and a 52-week high of $43.00. The company has a market capitalization of $3.41 billion, a PE ratio of -47.29 and a beta of 0.98.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. As a group, equities analysts anticipate that JFrog will post -0.33 EPS for the current year.

Insider Buying and Selling

In related news, CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,436,901 shares of the company's stock, valued at $196,003,635.45. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 2,152 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $35.00, for a total transaction of $75,320.00. Following the sale, the chief financial officer now directly owns 93,597 shares of the company's stock, valued at approximately $3,275,895. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 429,104 shares of company stock valued at $15,084,429 over the last quarter. Corporate insiders own 15.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its stake in shares of JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after purchasing an additional 574 shares during the period. KBC Group NV grew its position in shares of JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after buying an additional 1,105 shares during the period. BankPlus Trust Department bought a new stake in shares of JFrog in the 4th quarter valued at about $131,000. Tower Research Capital LLC TRC boosted its stake in JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after acquiring an additional 5,297 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in JFrog during the fourth quarter valued at approximately $193,000. 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.