JFrog (NASDAQ:FROG) Receives “Overweight” Rating from KeyCorp

JFrog (NASDAQ:FROG)‘s stock had its “overweight” rating restated by analysts at KeyCorp in a report issued on Friday,Benzinga reports. They currently have a $46.00 price objective on the stock, up from their prior price objective of $36.00. KeyCorp’s price target indicates a potential upside of 15.57% from the stock’s previous close.

Several other research firms also recently commented on FROG. Needham & Company LLC increased their price objective on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday. Barclays raised their target price on JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday. Truist Financial raised their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group boosted their price objective on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Morgan Stanley boosted their price objective on shares of JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.17.

JFrog Stock Performance

NASDAQ FROG traded up $2.09 during trading hours on Friday, reaching $39.80. The stock had a trading volume of 2,894,229 shares, compared to its average volume of 1,066,976. The stock has a fifty day moving average of $32.62 and a 200 day moving average of $30.70. The stock has a market cap of $4.06 billion, a P/E ratio of -75.10 and a beta of 0.97. JFrog has a 52-week low of $22.91 and a 52-week high of $48.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. On average, equities research analysts forecast that JFrog will post -0.32 EPS for the current year.

Insider Activity at JFrog

In other JFrog news, CTO Yoav Landman sold 24,652 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $37.43, for a total value of $922,724.36. Following the completion of the sale, the chief technology officer now owns 6,526,901 shares in the company, valued at approximately $244,301,904.43. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Tali Notman sold 11,529 shares of the company’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total value of $352,787.40. Following the transaction, the executive now directly owns 525,185 shares in the company, valued at $16,070,661. This represents a 2.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 411,685 shares of company stock valued at $13,720,965 over the last three months. 15.70% of the stock is owned by corporate insiders.

Institutional Trading of JFrog

Several large investors have recently bought and sold shares of FROG. Sanctuary Advisors LLC acquired a new stake in JFrog in the second quarter valued at $188,000. Assenagon Asset Management S.A. grew its holdings in JFrog by 54.2% in the third quarter. Assenagon Asset Management S.A. now owns 270,137 shares of the company’s stock valued at $7,845,000 after purchasing an additional 95,004 shares during the last quarter. Mount Yale Investment Advisors LLC acquired a new stake in shares of JFrog during the third quarter valued at $275,000. abrdn plc boosted its stake in shares of JFrog by 9.4% during the third quarter. abrdn plc now owns 741,810 shares of the company’s stock valued at $21,483,000 after acquiring an additional 63,840 shares during the last quarter. Finally, Roubaix Capital LLC lifted its position in JFrog by 2.4% during the third quarter. Roubaix Capital LLC now owns 89,414 shares of the company’s stock worth $2,597,000 after buying an additional 2,111 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

About JFrog

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.