Barclays Has Lowered Expectations for JFrog (NASDAQ:FROG) Stock Price

JFrog (NASDAQ:FROG - Free Report) had its price target cut by Barclays from $48.00 to $42.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also weighed in on the company. Stifel Nicolaus boosted their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Needham & Company LLC boosted their price objective on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. Truist Financial boosted their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. KeyCorp reissued 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. Finally, Morgan Stanley lowered their price objective on JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.65.

JFrog Stock Performance

Shares of NASDAQ:FROG traded up $3.45 during trading on Friday, hitting $38.71. The company's stock had a trading volume of 3,227,097 shares, compared to its average volume of 1,135,392. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $43.00. The stock's 50-day moving average price is $32.81 and its two-hundred day moving average price is $32.82. The company has a market capitalization of $4.43 billion, a PE ratio of -61.44 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $122.41 million for the quarter, compared to analysts' expectations of $117.44 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company's revenue was up 22.0% compared to the same quarter last year. On average, equities analysts predict that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 41,829 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $1,528,849.95. Following the completion of the sale, the chief executive officer now directly owns 4,982,254 shares in the company, valued at $182,101,383.70. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the sale, the chief technology officer now 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 298,542 shares of company stock valued at $10,443,488 in the last three months. 14.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JFrog

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of JFrog by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock valued at $283,903,000 after acquiring an additional 35,458 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in shares of JFrog by 6.5% during the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock valued at $115,933,000 after acquiring an additional 222,635 shares during the last quarter. Champlain Investment Partners LLC lifted its position in shares of JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after acquiring an additional 797,949 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of JFrog by 3.3% during the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock valued at $65,028,000 after acquiring an additional 70,204 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock valued at $58,703,000 after acquiring an additional 965,912 shares during the last quarter. 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.