JFrog (NASDAQ:FROG) Given New $40.00 Price Target at Cantor Fitzgerald

JFrog (NASDAQ:FROGGet Free Report) had its price target upped by research analysts at Cantor Fitzgerald from $35.00 to $40.00 in a research note issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald’s price target points to a potential upside of 1.27% from the company’s previous close.

Several other equities analysts have also recently issued reports on the company. Morgan Stanley upgraded 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 note on Thursday, December 21st. Truist Financial raised their price target on JFrog from $33.00 to $41.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. TheStreet raised JFrog from a “d+” rating to a “c-” rating in a report on Friday, December 29th. Piper Sandler lowered their target price on JFrog from $30.00 to $28.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, DA Davidson increased their price target on JFrog from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.64.

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JFrog Price Performance

NASDAQ FROG opened at $39.50 on Monday. The company has a 50-day moving average of $33.05 and a 200-day moving average of $28.67. The company has a market cap of $4.02 billion, a P/E ratio of -54.86 and a beta of 0.85. JFrog has a 12 month low of $17.11 and a 12 month high of $39.50.

Insider Buying and Selling

In related news, Director Yossi Sela sold 5,000 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $27.06, for a total transaction of $135,300.00. Following the completion of the transaction, the director now directly owns 344,109 shares in the company, valued at $9,311,589.54. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other JFrog news, Director Yossi Sela sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $27.06, for a total value of $135,300.00. Following the completion of the transaction, the director now directly owns 344,109 shares in the company, valued at $9,311,589.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $29.84, for a total value of $298,400.00. Following the completion of the transaction, the chief technology officer now owns 7,031,371 shares of the company’s stock, valued at $209,816,110.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 412,243 shares of company stock worth $13,722,858. 30.60% of the stock is owned by corporate insiders.

Institutional Trading of JFrog

A number of hedge funds have recently made changes to their positions in FROG. Raymond James & Associates lifted its position in shares of JFrog by 9.3% in the first quarter. Raymond James & Associates now owns 44,511 shares of the company’s stock valued at $1,200,000 after buying an additional 3,800 shares during the last quarter. US Bancorp DE lifted its holdings in JFrog by 2,303.3% during the 1st quarter. US Bancorp DE now owns 2,211 shares of the company’s stock worth $60,000 after purchasing an additional 2,119 shares during the last quarter. Cetera Advisor Networks LLC lifted its holdings in JFrog by 74.3% during the 1st quarter. Cetera Advisor Networks LLC now owns 11,758 shares of the company’s stock worth $317,000 after purchasing an additional 5,012 shares during the last quarter. Rhumbline Advisers lifted its holdings in JFrog by 2.4% during the 1st quarter. Rhumbline Advisers now owns 56,791 shares of the company’s stock worth $1,531,000 after purchasing an additional 1,331 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in JFrog during the 1st quarter worth approximately $10,228,000. 57.65% of the stock is owned by institutional investors and hedge funds.

About JFrog

(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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