JFrog (NASDAQ:FROG) Price Target Raised to $45.00 at DA Davidson

JFrog (NASDAQ:FROGGet Free Report) had its price objective boosted by DA Davidson from $40.00 to $45.00 in a report released on Monday, Benzinga reports. The firm currently has a “buy” rating on the stock. DA Davidson’s price objective would suggest a potential upside of 30.17% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Piper Sandler cut their target price on shares of JFrog from $30.00 to $28.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. TheStreet upgraded shares of JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. Truist Financial raised their price objective on shares of JFrog from $33.00 to $41.00 and gave the stock a “buy” rating in a research report on Tuesday, January 16th. Oppenheimer raised their price objective on shares of JFrog from $35.00 to $41.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 3rd. Finally, Morgan Stanley upgraded shares of JFrog from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $32.00 to $42.00 in a research report on Thursday, December 21st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.18.

Get Our Latest Stock Analysis on JFrog

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $34.57 on Monday. JFrog has a 52-week low of $17.11 and a 52-week high of $37.18. The company has a market capitalization of $3.52 billion, a P/E ratio of -48.01 and a beta of 0.85. The company has a 50-day simple moving average of $32.43 and a 200 day simple moving average of $28.49.

Insider Activity at JFrog

In related news, CEO Ben Haim Shlomi sold 5,433 shares of JFrog stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $28.02, for a total value of $152,232.66. Following the transaction, the chief executive officer now directly owns 5,268,230 shares of the company’s stock, valued at $147,615,804.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the transaction, the director now owns 4,909,432 shares in the company, valued at $168,540,800.56. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 5,433 shares of JFrog stock in a transaction on Monday, December 4th. The stock was sold at an average price of $28.02, for a total transaction of $152,232.66. Following the transaction, the chief executive officer now owns 5,268,230 shares in the company, valued at approximately $147,615,804.60. The disclosure for this sale can be found here. Insiders have sold 412,243 shares of company stock valued at $13,722,858 over the last three months. 30.60% of the stock is owned by insiders.

Hedge Funds Weigh In On JFrog

A number of hedge funds have recently modified their holdings of the business. Lisanti Capital Growth LLC acquired a new position in shares of JFrog during the fourth quarter worth $4,762,000. Los Angeles Capital Management LLC acquired a new position in JFrog in the fourth quarter valued at $684,000. Van ECK Associates Corp lifted its holdings in JFrog by 16.9% in the fourth quarter. Van ECK Associates Corp now owns 29,580 shares of the company’s stock valued at $1,024,000 after buying an additional 4,277 shares during the period. Cercano Management LLC lifted its holdings in JFrog by 3.8% in the fourth quarter. Cercano Management LLC now owns 1,158,866 shares of the company’s stock valued at $40,108,000 after buying an additional 41,901 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its holdings in JFrog by 5.4% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 92,857 shares of the company’s stock valued at $3,214,000 after buying an additional 4,730 shares during the period. Institutional investors and hedge funds own 57.65% of the company’s stock.

JFrog Company Profile

(Get Free Report)

JFrog Ltd. provides DevOps platform in the United States, Israel, and internationally. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration and continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; JFrog Distribution that provides software package distribution with enterprise-grade performance; and JFrog Advanced Security, an binary scanning solution that offers secrets detection, contextual analysis, IaC scanning, container scanning, and others.

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