Barclays Cuts JFrog (NASDAQ:FROG) Price Target to $42.00

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

Several other research analysts have also issued reports on the company. Raymond James initiated coverage on JFrog in a research report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price target on the stock. Truist Financial upped their target price on JFrog from $35.00 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 target (up previously from $36.00) on shares of JFrog in a research report on Friday, February 14th. Canaccord Genuity Group boosted their target price on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Stifel Nicolaus raised their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.65.

JFrog Price Performance

FROG traded up $0.59 on Friday, hitting $42.77. The company had a trading volume of 2,035,957 shares, compared to its average volume of 1,145,702. JFrog has a 1-year low of $22.91 and a 1-year high of $43.55. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of -67.89 and a beta of 0.97. The company's fifty day moving average price is $33.03 and its 200 day moving average price is $32.96.

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

Insider Buying and Selling

In related news, CEO Ben Haim Shlomi sold 41,829 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $1,528,849.95. Following the completion of the transaction, the chief executive officer now directly owns 4,982,254 shares in the company, valued at $182,101,383.70. The trade was a 0.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frederic Simon sold 20,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $28.66, for a total transaction of $573,200.00. Following the sale, the director now directly owns 4,354,432 shares of the company's stock, valued at $124,798,021.12. This represents a 0.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 263,442 shares of company stock worth $9,182,588. 14.10% of the stock is owned by insiders.

Institutional Trading of JFrog

Institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in JFrog by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock valued at $46,741,000 after purchasing an additional 80,432 shares in the last quarter. abrdn plc raised its position in JFrog by 4.1% in the fourth quarter. abrdn plc now owns 772,202 shares of the company's stock worth $22,784,000 after acquiring an additional 30,392 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of JFrog by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after acquiring an additional 349,532 shares during the period. Peregrine Capital Management LLC raised its position in JFrog by 11.9% during the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock worth $9,642,000 after acquiring an additional 34,900 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in shares of JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after acquiring an additional 365,376 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.