JFrog (NASDAQ:FROG) Price Target Raised to $46.00 at Needham & Company LLC

JFrog (NASDAQ:FROG) had its target price upped by Needham & Company LLC from $39.00 to $46.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research analysts also recently issued reports on the company. Robert W. Baird upped their price target on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Barclays lowered their price target on JFrog from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, November 11th. Scotiabank upped their price target on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Truist Financial reissued a “buy” rating and issued a $35.00 target price (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Finally, UBS Group increased their target price on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and an average target price of $42.17.

JFrog Price Performance

NASDAQ FROG opened at $39.80 on Friday. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81. The stock’s fifty day moving average price is $32.79 and its 200-day moving average price is $30.71.

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

Insider Activity

In related news, Director Yossi Sela sold 25,000 shares of JFrog stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total transaction of $796,500.00. Following the sale, the director now owns 355,129 shares of the company’s stock, valued at approximately $11,314,409.94. This trade represents a 6.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Tali Notman sold 75,635 shares of JFrog stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $2,647,225.00. Following the sale, the executive now directly owns 582,394 shares in the company, valued at $20,383,790. This trade represents a 11.49 % 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 ninety days. Corporate insiders own 15.70% of the company’s stock.

Institutional Trading of JFrog

A number of large investors have recently added to or reduced their stakes in FROG. Jones Financial Companies Lllp increased its stake in JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock worth $35,000 after acquiring an additional 574 shares during the last quarter. West Tower Group LLC bought a new position in shares of JFrog during the 3rd quarter valued at approximately $116,000. KBC Group NV increased its position in shares of JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after purchasing an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new position in shares of JFrog during the 4th quarter valued at approximately $131,000. Finally, Tower Research Capital LLC TRC increased its position in shares of JFrog by 33,106.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock valued at $156,000 after purchasing an additional 5,297 shares during the last quarter. Institutional investors 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.