JFrog (NASDAQ:FROG) Coverage Initiated at Raymond James

Equities research analysts at Raymond James started coverage on shares of JFrog (NASDAQ:FROG - Get Free Report) in a report issued on Friday, MarketBeat Ratings reports. The firm set an "outperform" rating and a $40.00 price target on the stock. Raymond James' target price suggests a potential upside of 24.03% from the stock's current price.

Other research analysts also recently issued reports about the company. Canaccord Genuity Group lifted their target price on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. KeyCorp restated an "overweight" rating and issued a $46.00 price objective (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Needham & Company LLC increased their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $38.00 target price on shares of JFrog in a research report on Wednesday, February 12th. Finally, Morgan Stanley upped their price target on shares of JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.71.

JFrog Stock Performance

FROG stock traded up $0.10 during midday trading on Friday, reaching $32.25. The company's stock had a trading volume of 343,557 shares, compared to its average volume of 1,145,532. JFrog has a 1 year low of $22.91 and a 1 year high of $43.00. The firm has a market capitalization of $3.69 billion, a price-to-earnings ratio of -51.19 and a beta of 0.98. The stock has a fifty day simple moving average of $34.41 and a two-hundred day simple moving average of $32.31.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, analysts forecast that JFrog will post -0.33 EPS for the current fiscal year.

Insider Activity at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 11,942 shares of the firm's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $42.99, for a total transaction of $513,386.58. Following the completion of the transaction, the chief financial officer now directly owns 172,406 shares of the company's stock, valued at approximately $7,411,733.94. This trade represents a 6.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $36.73, for a total transaction of $652,875.75. Following the completion of the sale, the chief executive officer now directly owns 4,866,809 shares in the company, valued at $178,757,894.57. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 429,104 shares of company stock valued at $15,084,429 in the last ninety days. Company insiders own 15.70% of the company's stock.

Institutional Investors Weigh In On JFrog

Several hedge funds have recently modified their holdings of FROG. Harbor Capital Advisors Inc. boosted its position in JFrog by 8.0% during the first quarter. Harbor Capital Advisors Inc. now owns 19,466 shares of the company's stock worth $623,000 after purchasing an additional 1,442 shares in the last quarter. Park Avenue Securities LLC grew its stake in JFrog by 25.9% in the 1st quarter. Park Avenue Securities LLC now owns 8,750 shares of the company's stock valued at $280,000 after acquiring an additional 1,801 shares during the period. Procyon Advisors LLC increased its holdings in JFrog by 10.7% in the 1st quarter. Procyon Advisors LLC now owns 11,347 shares of the company's stock worth $363,000 after acquiring an additional 1,097 shares in the last quarter. IVC Wealth Advisors LLC acquired a new position in JFrog during the first quarter worth $220,000. Finally, California State Teachers Retirement System lifted its holdings in JFrog by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 80,898 shares of the company's stock valued at $2,379,000 after purchasing an additional 439 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.