JFrog (NASDAQ:FROG) Stock Price Expected to Rise, Needham & Company LLC Analyst Says

JFrog (NASDAQ:FROG) had its target price raised by equities research analysts at Needham & Company LLC from $39.00 to $46.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Needham & Company LLC’s price target would indicate a potential upside of 21.98% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Robert W. Baird lifted their price target on JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. UBS Group upped their price target on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Scotiabank increased their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday, November 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $38.00 price objective on shares of JFrog in a research report on Wednesday. Finally, TD Cowen upped their price objective on shares of JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and an average target price of $38.44.

JFrog Stock Performance

Shares of JFrog stock opened at $37.71 on Friday. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81. The company has a fifty day moving average of $32.62 and a 200-day moving average of $30.70. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of -71.15 and a beta of 0.97.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. On average, equities research analysts forecast that JFrog will post -0.32 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In related news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at $199,178,642.92. This represents a 0.23 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 20,443 shares of JFrog stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total value of $625,555.80. Following the transaction, the chief executive officer now owns 4,937,011 shares of the company’s stock, valued at $151,072,536.60. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 411,685 shares of company stock valued at $13,720,965. 15.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JFrog

Several institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in JFrog by 3.1% in 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 in the last quarter. Champlain Investment Partners LLC lifted its stake in shares of JFrog by 48.4% in the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company’s stock worth $71,961,000 after buying an additional 797,949 shares in the last quarter. Marshall Wace LLP grew its holdings in shares of JFrog by 36.1% during the fourth 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. Wasatch Advisors LP increased its position 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 valued at $65,028,000 after acquiring an additional 70,204 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in JFrog in the 4th quarter worth approximately $240,000. 85.02% of the stock is currently owned by 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.