JFrog (NASDAQ:FROG) Given New $38.00 Price Target at Barclays

JFrog (NASDAQ:FROG) had its price target trimmed by Barclays from $40.00 to $38.00 in a report issued on Monday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Truist Financial reissued a “buy” rating and issued a $35.00 price objective (up from $33.00) on shares of JFrog in a research report on Friday. Canaccord Genuity Group decreased their price target on JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 8th. TD Cowen increased their price objective on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a report on Monday, October 28th. Morgan Stanley decreased their target price on JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Finally, Scotiabank increased their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday. Three investment 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 company’s stock. According to data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.72.

JFrog Price Performance

Shares of FROG stock traded up $0.08 during trading hours on Monday, reaching $30.99. 111,026 shares of the stock were exchanged, compared to its average volume of 1,270,436. The business’s fifty day moving average is $29.20 and its two-hundred day moving average is $32.23. The firm has a market capitalization of $3.16 billion, a P/E ratio of -58.32 and a beta of 0.93. JFrog has a 12-month low of $22.91 and a 12-month high of $48.81.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CRO Tali Notman sold 11,621 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $314,464.26. Following the sale, the executive now owns 547,413 shares of the company’s stock, valued at $14,812,995.78. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ben Haim Shlomi sold 35,550 shares of JFrog 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 sale, the chief executive officer now owns 4,975,229 shares of the company’s stock, valued at approximately $149,256,870. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 126,031 shares of company stock worth $3,618,247 in the last three months. Corporate insiders own 15.70% of the company’s stock.

Institutional Investors Weigh In On JFrog

A number of hedge funds and other institutional investors have recently modified their holdings of FROG. Future Financial Wealth Managment LLC purchased a new position in shares of JFrog during the third quarter valued at approximately $29,000. Advisors Asset Management Inc. boosted its holdings in JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after acquiring an additional 662 shares during the last quarter. Duality Advisers LP purchased a new stake in JFrog during the first quarter valued at about $205,000. SG Americas Securities LLC acquired a new stake in JFrog during the second quarter worth about $187,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of JFrog in the 2nd quarter worth about $188,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.