JFrog (NASDAQ:FROG) Price Target Raised to $100.00

by · The Markets Daily

JFrog (NASDAQ:FROG – Free Report) had its price objective increased by Cantor Fitzgerald from $80.00 to $100.00 in a report issued on Monday morning, MarketBeat.com reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Stifel Nicolaus boosted their price target on shares of JFrog from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a research report on Friday, July 17th. Citigroup reiterated a “buy” rating on shares of JFrog in a report on Monday, June 8th. Benchmark reiterated a “buy” rating on shares of JFrog in a report on Wednesday, July 29th. Finally, Raymond James Financial reissued an “outperform” rating on shares of JFrog in a research report on Wednesday, July 22nd. Twenty-one research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $91.19.

Read Our Latest Report on JFrog

JFrog Trading Down 2.0%

Shares of NASDAQ:FROG opened at $84.52 on Monday. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of -159.47 and a beta of 1.22. JFrog has a 12-month low of $34.05 and a 12-month high of $99.22. The business has a 50-day moving average price of $84.75 and a 200 day moving average price of $62.74.

JFrog (NASDAQ:FROG – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $153.98 million for the quarter, compared to analysts’ expectations of $147.45 million. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. JFrog’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 earnings per share. As a group, equities research analysts predict that JFrog will post -0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In other news, Director Barry Zwarenstein sold 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, July 23rd. The shares were sold at an average price of $80.10, for a total value of $100,125.00. Following the completion of the transaction, the director owned 31,687 shares of the company’s stock, valued at approximately $2,538,128.70. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Tali Notman sold 22,015 shares of JFrog stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $83.95, for a total transaction of $1,848,159.25. Following the completion of the transaction, the executive owned 706,629 shares of the company’s stock, valued at $59,321,504.55. This trade represents a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 938,649 shares of company stock valued at $76,347,827. Corporate insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On JFrog

Several institutional investors have recently modified their holdings of the business. Blue Trust Inc. acquired a new stake in shares of JFrog in the fourth quarter valued at $30,000. Millstone Evans Group LLC grew its stake in JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in JFrog by 318.7% during the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after purchasing an additional 478 shares during the period. Western Wealth Management LLC purchased a new stake in JFrog during the 1st quarter worth about $30,000. Finally, Employees Retirement System of Texas purchased a new stake in JFrog during the 4th quarter worth about $44,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Company Profile

(Get Free Report)

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.

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