JFrog (NASDAQ:FROG) Reaches New 12-Month High at $36.31

JFrog Ltd. (NASDAQ:FROGGet Free Report)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $36.31 and last traded at $35.74, with a volume of 306051 shares. The stock had previously closed at $34.94.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on FROG shares. Truist Financial lifted their price target on JFrog from $33.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Oppenheimer raised their target price on JFrog from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Morgan Stanley raised JFrog from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $32.00 to $42.00 in a report on Thursday, December 21st. TheStreet upgraded JFrog from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Finally, Piper Sandler reduced their price objective on shares of JFrog from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $35.73.

Read Our Latest Stock Report on JFrog

JFrog Trading Up 0.3 %

The company has a 50 day moving average of $32.10 and a 200 day moving average of $28.40. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of -48.53 and a beta of 0.85.

Insider Buying and Selling

In other JFrog news, Director Yossi Sela sold 5,000 shares of JFrog stock in a transaction on Monday, November 20th. The stock was sold at an average price of $27.06, for a total value of $135,300.00. Following the completion of the transaction, the director now owns 344,109 shares in the company, valued at approximately $9,311,589.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other JFrog news, CEO Ben Haim Shlomi sold 129,019 shares of the company’s stock in a transaction on Tuesday, December 26th. The stock was sold at an average price of $35.14, for a total transaction of $4,533,727.66. Following the transaction, the chief executive officer now owns 5,049,347 shares of the company’s stock, valued at approximately $177,434,053.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Yossi Sela sold 5,000 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $27.06, for a total value of $135,300.00. Following the completion of the transaction, the director now owns 344,109 shares in the company, valued at $9,311,589.54. The disclosure for this sale can be found here. Insiders have sold a total of 413,143 shares of company stock worth $13,748,166 in the last three months. Insiders own 30.60% of the company’s stock.

Hedge Funds Weigh In On JFrog

Large investors have recently made changes to their positions in the company. Raymond James & Associates grew its stake in shares of JFrog by 9.3% during the first quarter. Raymond James & Associates now owns 44,511 shares of the company’s stock worth $1,200,000 after purchasing an additional 3,800 shares during the period. US Bancorp DE boosted its holdings in JFrog by 2,303.3% during the first quarter. US Bancorp DE now owns 2,211 shares of the company’s stock worth $60,000 after buying an additional 2,119 shares during the last quarter. Cetera Advisor Networks LLC grew its position in shares of JFrog by 74.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company’s stock worth $317,000 after buying an additional 5,012 shares during the period. Rhumbline Advisers raised its position in shares of JFrog by 2.4% in the 1st quarter. Rhumbline Advisers now owns 56,791 shares of the company’s stock valued at $1,531,000 after acquiring an additional 1,331 shares during the period. Finally, Lord Abbett & CO. LLC bought a new position in JFrog during the 1st quarter worth approximately $10,228,000. Institutional investors and hedge funds own 57.65% of the company’s stock.

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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