KeyCorp Trims JFrog (NASDAQ:FROG) Target Price to $46.00

JFrog (NASDAQ:FROG - Get Free Report) had its price objective cut by stock analysts at KeyCorp from $52.00 to $46.00 in a report issued on Friday, Benzinga reports. The firm currently has an "overweight" rating on the stock. KeyCorp's price objective indicates a potential upside of 39.35% from the stock's current price.

A number of other brokerages have also issued reports on FROG. Scotiabank cut their target price on JFrog from $45.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Friday. Bank Of America (Bofa) boosted their target price on JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. Morgan Stanley cut their price objective on JFrog from $52.00 to $47.00 and set an "overweight" rating on the stock in a research report on Friday. Cantor Fitzgerald upped their price objective on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Finally, Truist Financial upped their price objective on JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $42.69.

JFrog Stock Down 18.7 %

Shares of JFrog stock traded down $7.61 on Friday, hitting $33.01. 9,100,167 shares of the company were exchanged, compared to its average volume of 1,264,549. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of -55.37 and a beta of 1.01. The company has a 50-day moving average price of $41.62 and a 200 day moving average price of $35.40. JFrog has a 1-year low of $21.38 and a 1-year high of $48.81.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $100.31 million for the quarter, compared to analyst estimates of $98.63 million. JFrog had a negative net margin of 17.51% and a negative return on equity of 6.01%. Research analysts forecast that JFrog will post -0.21 EPS for the current year.

Insider Activity

In related news, CTO Yoav Landman sold 40,000 shares of JFrog stock in a transaction on Friday, April 12th. The shares were sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the sale, the chief technology officer now owns 6,731,371 shares of the company's stock, valued at approximately $260,504,057.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total value of $1,363,950.00. Following the completion of the sale, the director now owns 4,654,432 shares of the company's stock, valued at approximately $181,383,215.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Yoav Landman sold 40,000 shares of JFrog stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $38.70, for a total transaction of $1,548,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,731,371 shares of the company's stock, valued at $260,504,057.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 501,355 shares of company stock valued at $22,340,017. Company insiders own 15.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FROG. Cornercap Investment Counsel Inc. raised its holdings in shares of JFrog by 1.2% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 45,767 shares of the company's stock worth $1,584,000 after purchasing an additional 535 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of JFrog in the 1st quarter worth approximately $26,000. Frazier Financial Advisors LLC bought a new stake in shares of JFrog in the 4th quarter worth approximately $35,000. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the 1st quarter worth approximately $44,000. Finally, Barclays PLC raised its holdings in shares of JFrog by 8.3% in the 3rd quarter. Barclays PLC now owns 13,173 shares of the company's stock worth $334,000 after purchasing an additional 1,012 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

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.