JFrog (NASDAQ:FROG) Given New $55.00 Price Target at Needham & Company LLC

JFrog (NASDAQ:FROGFree Report) had its target price hoisted by Needham & Company LLC from $40.00 to $55.00 in a research note released on Thursday morning.

Other research analysts also recently issued research reports about the company. Truist Financial increased their price target on JFrog from $41.00 to $50.00 and gave the stock a buy rating in a research note on Thursday, February 15th. TheStreet upgraded JFrog from a d+ rating to a c- rating in a research note on Friday, December 29th. Oppenheimer raised their target price on JFrog from $35.00 to $41.00 and gave the stock an outperform rating in a research note on Wednesday, January 3rd. DA Davidson raised their target price on JFrog from $40.00 to $45.00 and gave the stock a buy rating in a research note on Monday, February 5th. Finally, Bank Of America (Bofa) raised their target price on JFrog from $36.00 to $54.00 in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $42.75.

Read Our Latest Report on FROG

JFrog Stock Performance

JFrog stock opened at $42.77 on Thursday. JFrog has a 52-week low of $17.11 and a 52-week high of $48.81. The stock’s 50 day moving average price is $37.20 and its two-hundred day moving average price is $30.59.

JFrog (NASDAQ:FROGGet Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The company had revenue of $97.26 million during the quarter, compared to the consensus estimate of $93.07 million. JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. Analysts anticipate that JFrog will post -0.21 earnings per share for the current fiscal year.

Insider Activity at JFrog

In related news, CEO Ben Haim Shlomi sold 67,744 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $35.00, for a total transaction of $2,371,040.00. Following the transaction, the chief executive officer now directly owns 5,190,424 shares of the company’s stock, valued at approximately $181,664,840. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Frederic Simon sold 150,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $47.27, for a total transaction of $7,090,500.00. Following the transaction, the director now directly owns 4,759,432 shares of the company’s stock, valued at approximately $224,978,350.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 67,744 shares of the firm’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $35.00, for a total value of $2,371,040.00. Following the transaction, the chief executive officer now directly owns 5,190,424 shares in the company, valued at $181,664,840. The disclosure for this sale can be found here. In the last three months, insiders have sold 693,459 shares of company stock valued at $28,364,332. Corporate insiders own 30.60% of the company’s stock.

Hedge Funds Weigh In On JFrog

A number of large investors have recently modified their holdings of FROG. Raymond James & Associates raised its holdings in shares of JFrog by 9.3% during the 1st quarter. Raymond James & Associates now owns 44,511 shares of the company’s stock valued at $1,200,000 after buying an additional 3,800 shares in the last quarter. US Bancorp DE increased its stake in JFrog by 2,303.3% in the 1st quarter. US Bancorp DE now owns 2,211 shares of the company’s stock worth $60,000 after purchasing an additional 2,119 shares during the period. Cetera Advisor Networks LLC increased its stake in JFrog by 74.3% in the 1st quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company’s stock worth $317,000 after purchasing an additional 5,012 shares during the period. Rhumbline Advisers increased its stake in JFrog by 2.4% in the 1st quarter. Rhumbline Advisers now owns 56,791 shares of the company’s stock worth $1,531,000 after purchasing an additional 1,331 shares during the period. Finally, Lord Abbett & CO. LLC purchased a new position in JFrog in the 1st quarter worth approximately $10,228,000. 57.65% of the stock is owned by hedge funds and other institutional investors.

About JFrog

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for JFrog (NASDAQ:FROG)

Receive News & Ratings for JFrog Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JFrog and related companies with MarketBeat.com's FREE daily email newsletter.