JFrog (NASDAQ:FROG) Price Target Raised to $44.00 at Morgan Stanley

JFrog (NASDAQ:FROG) had its price objective lifted by Morgan Stanley from $36.00 to $44.00 in a research report released on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms have also issued reports on FROG. Needham & Company LLC boosted their target price on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday. Barclays reduced their target price on shares of JFrog from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, November 11th. Scotiabank boosted their target price on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Robert W. Baird boosted their target price on shares of JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $38.00 target price on shares of JFrog in a research note on Wednesday. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and an average target price of $42.17.

JFrog Stock Up 5.5 %

Shares of NASDAQ:FROG opened at $39.80 on Friday. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The firm has a 50-day simple moving average of $32.79 and a 200 day simple moving average of $30.71.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 13.98% and a negative return on equity of 5.36%. As a group, analysts expect that JFrog will post -0.32 EPS for the current fiscal year.

Insider Activity

In other news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $30.26, for a total transaction of $453,900.00. Following the sale, the chief technology officer now owns 6,582,242 shares in the company, valued at $199,178,642.92. The trade was a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Yossi Sela sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were 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 in the company, valued at $11,314,409.94. This represents a 6.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 411,685 shares of company stock worth $13,720,965 over the last 90 days. 15.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On JFrog

Large investors have recently made changes to their positions in the company. 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 valued at $35,000 after buying an additional 574 shares during the period. West Tower Group LLC acquired a new position in JFrog in the 3rd quarter valued at approximately $116,000. KBC Group NV increased its stake in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after buying an additional 1,105 shares during the period. BankPlus Trust Department acquired a new position in JFrog in the 4th quarter valued at approximately $131,000. Finally, Tower Research Capital LLC TRC increased its stake in JFrog by 33,106.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock valued at $156,000 after buying an additional 5,297 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Company Profile

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.