Barclays Issues Positive Forecast for JFrog (NASDAQ:FROG) Stock Price

JFrog (NASDAQ:FROG) had its target price boosted by research analysts at Barclays from $38.00 to $48.00 in a report issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target indicates a potential upside of 20.00% from the company’s previous close.

Several other brokerages have also recently weighed in on FROG. Morgan Stanley raised their target price on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday. Scotiabank lifted their price objective on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Friday, November 8th. 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 report on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 target price on shares of JFrog in a report on Wednesday. Finally, Needham & Company LLC lifted their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday. 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. According to MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

JFrog Stock Performance

Shares of FROG stock traded up $2.29 during midday trading on Friday, reaching $40.00. 1,652,853 shares of the company were exchanged, compared to its average volume of 1,026,594. The company’s 50 day moving average price is $32.62 and its two-hundred day moving average price is $30.70. The company has a market cap of $4.08 billion, a P/E ratio of -75.47 and a beta of 0.97. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. As a group, sell-side analysts predict that JFrog will post -0.32 earnings per share for the current year.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 20,443 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $30.60, for a total transaction of $625,555.80. Following the transaction, the chief executive officer now directly owns 4,937,011 shares in the company, valued at $151,072,536.60. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $30.26, for a total value of $453,900.00. Following the sale, the chief technology officer now owns 6,582,242 shares of the company’s stock, valued at approximately $199,178,642.92. This trade represents a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 411,685 shares of company stock valued at $13,720,965 in the last three months. Insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On JFrog

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FROG. Tower Research Capital LLC TRC boosted its holdings in JFrog by 33,106.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock valued at $156,000 after acquiring an additional 5,297 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of JFrog by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company’s stock worth $52,509,000 after purchasing an additional 53,622 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in 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 purchasing an additional 797,949 shares during the period. Marshall Wace LLP grew its holdings in JFrog by 36.1% in the 4th quarter. Marshall Wace LLP now owns 11,838 shares of the company’s stock valued at $348,000 after buying an additional 3,138 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in shares of JFrog by 3.3% during the fourth quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company’s stock worth $65,028,000 after buying an additional 70,204 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.