JFrog (NASDAQ:FROG) Given a $50.00 Price Target at Raymond James Financial

JFrog (NASDAQ:FROG - Get Free Report) received a $50.00 price objective from Raymond James Financial in a research note issued to investors on Tuesday, Marketbeat.com reports. The brokerage currently has an "outperform" rating on the stock. Raymond James Financial's price objective would indicate a potential upside of 19.06% from the stock's current price.

Other analysts have also recently issued research reports about the company. Barclays decreased their target price on JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 target price on shares of JFrog in a report on Monday, May 5th. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Scotiabank decreased their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Finally, Morgan Stanley upped their price objective on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $42.06.

JFrog Price Performance

NASDAQ FROG traded up $0.65 on Tuesday, hitting $42.00. 1,056,669 shares of the company were exchanged, compared to its average volume of 1,120,232. JFrog has a twelve month low of $22.91 and a twelve month high of $45.10. The firm has a market capitalization of $4.81 billion, a P/E ratio of -59.15 and a beta of 1.06. The company's 50 day moving average price is $40.93 and its 200-day moving average price is $36.02.

JFrog (NASDAQ:FROG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. The business had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. As a group, equities analysts expect that JFrog will post -0.33 EPS for the current year.

Insider Activity at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 13,043 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $45.00, for a total transaction of $586,935.00. Following the transaction, the chief financial officer owned 159,887 shares in the company, valued at $7,194,915. This trade represents a 7.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Yoav Landman sold 50,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $43.26, for a total transaction of $2,163,000.00. Following the completion of the sale, the chief technology officer owned 6,371,086 shares of the company's stock, valued at $275,613,180.36. The trade was a 0.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 216,113 shares of company stock worth $8,568,964 in the last 90 days. Insiders own 14.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of JFrog by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock worth $46,741,000 after purchasing an additional 80,432 shares during the last quarter. Vanguard Group Inc. increased its position in 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 buying an additional 349,532 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of JFrog during the fourth quarter worth approximately $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of JFrog by 19.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock valued at $5,457,000 after acquiring an additional 30,035 shares during the period. Finally, IVC Wealth Advisors LLC acquired a new stake in shares of JFrog in the first quarter worth $220,000. Institutional investors and hedge funds own 85.02% of the company's stock.

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.