UBS Group Issues Positive Forecast for JFrog (NASDAQ:FROG) Stock Price

JFrog (NASDAQ:FROG) had its target price upped by UBS Group from $30.00 to $38.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Oppenheimer cut shares of JFrog from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 8th. Morgan Stanley lowered their target price on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Robert W. Baird boosted their price target on JFrog from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday. DA Davidson restated a “buy” rating and set a $40.00 price objective on shares of JFrog in a report on Monday, October 14th. Finally, Stifel Nicolaus dropped their target price on JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Three 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

JFrog Stock Down 0.6 %

NASDAQ FROG opened at $30.91 on Friday. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of -58.32 and a beta of 0.93. JFrog has a fifty-two week low of $22.91 and a fifty-two week high of $48.81. The business has a fifty day moving average of $29.20 and a 200-day moving average of $32.23.

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 35,550 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the sale, the chief executive officer now owns 4,975,229 shares of the company’s stock, valued at $149,256,870. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Ben Haim Shlomi sold 35,550 shares of JFrog stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the sale, the chief executive officer now owns 4,975,229 shares of the company’s stock, valued at $149,256,870. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Tali Notman sold 10,699 shares of JFrog stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $28.29, for a total value of $302,674.71. Following the sale, the executive now directly owns 536,714 shares in the company, valued at approximately $15,183,639.06. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 126,031 shares of company stock valued at $3,618,247 over the last 90 days. Corporate insiders own 15.70% of the company’s stock.

Hedge Funds Weigh In On JFrog

Several large investors have recently modified their holdings of FROG. Mackenzie Financial Corp lifted its position in shares of JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after buying an additional 384 shares during the last quarter. George Kaiser Family Foundation increased its stake in shares of JFrog by 0.7% during the second quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock valued at $2,818,000 after acquiring an additional 532 shares during the period. Van ECK Associates Corp increased its position in shares of JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after purchasing an additional 577 shares during the period. Advisors Asset Management Inc. raised its position in JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after acquiring an additional 662 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares in the last quarter. Institutional investors 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.