JFrog (NASDAQ:FROG) Reaches New 1-Year High Following Analyst Upgrade

JFrog Ltd. (NASDAQ:FROGGet Free Report) shares reached a new 52-week high during trading on Monday after Cantor Fitzgerald raised their price target on the stock from $35.00 to $40.00. Cantor Fitzgerald currently has an overweight rating on the stock. JFrog traded as high as $39.50 and last traded at $39.50, with a volume of 7128 shares trading hands. The stock had previously closed at $39.22.

Several other equities research analysts have also weighed in on the company. Morgan Stanley raised JFrog from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $32.00 to $42.00 in a research report on Thursday, December 21st. TheStreet raised JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. DA Davidson increased their target price on JFrog from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Piper Sandler dropped their target price on JFrog from $30.00 to $28.00 and set a “neutral” rating on the stock in a research report on Thursday, November 2nd. Finally, Oppenheimer increased their target price on JFrog from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.64.

Get Our Latest Report on FROG

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 1,200 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $35.00, for a total value of $42,000.00. Following the completion of the transaction, the chief executive officer now owns 4,969,129 shares of the company’s stock, valued at $173,919,515. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the completion of the transaction, the director now owns 4,909,432 shares of the company’s stock, valued at $168,540,800.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ben Haim Shlomi sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $35.00, for a total value of $42,000.00. Following the transaction, the chief executive officer now directly owns 4,969,129 shares of the company’s stock, valued at approximately $173,919,515. The disclosure for this sale can be found here. Over the last quarter, insiders sold 412,243 shares of company stock valued at $13,722,858. 30.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State of Wyoming boosted its stake in JFrog by 11.4% during the fourth quarter. State of Wyoming now owns 5,102 shares of the company’s stock valued at $109,000 after buying an additional 523 shares in the last quarter. Cornercap Investment Counsel Inc. lifted its holdings in shares of JFrog by 1.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 45,767 shares of the company’s stock valued at $1,584,000 after purchasing an additional 535 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of JFrog by 148.3% during the third quarter. Advisors Asset Management Inc. now owns 1,388 shares of the company’s stock valued at $35,000 after purchasing an additional 829 shares during the last quarter. US Bancorp DE lifted its holdings in shares of JFrog by 84.9% during the second quarter. US Bancorp DE now owns 2,047 shares of the company’s stock valued at $57,000 after purchasing an additional 940 shares during the last quarter. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of JFrog during the fourth quarter valued at $35,000. Institutional investors own 57.65% of the company’s stock.

JFrog Price Performance

The firm has a market capitalization of $4.00 billion, a PE ratio of -54.86 and a beta of 0.85. The firm has a fifty day moving average price of $33.05 and a 200 day moving average price of $28.67.

JFrog Company Profile

(Get Free Report)

JFrog Ltd. provides DevOps platform in the United States, Israel, and internationally. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration and continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; JFrog Distribution that provides software package distribution with enterprise-grade performance; and JFrog Advanced Security, an binary scanning solution that offers secrets detection, contextual analysis, IaC scanning, container scanning, and others.

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