JFrog (NASDAQ:FROG) Given New $30.00 Price Target at KeyCorp

JFrog (NASDAQ:FROG) had its price target trimmed by KeyCorp from $46.00 to $30.00 in a research report released on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. UBS Group lowered their target price on JFrog from $41.00 to $30.00 and set a buy rating for the company in a report on Thursday. TD Cowen assumed coverage on JFrog in a report on Wednesday, July 24th. They issued a buy rating and a $50.00 target price for the company. Stifel Nicolaus lowered their target price on JFrog from $45.00 to $30.00 and set a buy rating for the company in a report on Thursday. FBN Securities assumed coverage on JFrog in a report on Wednesday, May 22nd. They issued an outperform rating and a $45.00 target price for the company. Finally, Morgan Stanley lowered their target price on JFrog from $47.00 to $33.00 and set an overweight rating for the company in a report on Thursday. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $38.00.

JFrog Stock Performance

JFrog stock traded up $1.46 during mid-day trading on Thursday, hitting $26.14. The company’s stock had a trading volume of 3,102,280 shares, compared to its average volume of 1,272,460. The company has a 50 day moving average of $35.12 and a 200-day moving average of $37.85. The stock has a market cap of $2.66 billion, a PE ratio of -55.47 and a beta of 0.96. JFrog has a one year low of $21.38 and a one year high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The business had revenue of $103.04 million during the quarter, compared to the consensus estimate of $103.53 million. JFrog had a negative net margin of 13.29% and a negative return on equity of 4.62%. On average, equities research analysts forecast that JFrog will post -0.21 EPS for the current fiscal year.

Insider Activity at JFrog

In other news, CEO Ben Haim Shlomi sold 57,550 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $32.32, for a total transaction of $1,860,016.00. Following the sale, the chief executive officer now owns 5,048,099 shares in the company, valued at $163,154,559.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $32.70, for a total transaction of $1,144,500.00. Following the sale, the director now directly owns 4,619,432 shares of the company’s stock, valued at $151,055,426.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ben Haim Shlomi sold 57,550 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $32.32, for a total value of $1,860,016.00. Following the completion of the transaction, the chief executive officer now owns 5,048,099 shares of the company’s stock, valued at approximately $163,154,559.68. The disclosure for this sale can be found here. Insiders have sold 272,107 shares of company stock valued at $9,513,787 in the last ninety days. Corporate insiders own 15.70% of the company’s stock.

Institutional Trading of JFrog

Large investors have recently added to or reduced their stakes in the company. Arcadia Investment Management Corp MI acquired a new stake in shares of JFrog during the first quarter worth about $26,000. Frazier Financial Advisors LLC purchased a new stake in shares of JFrog in the 4th quarter valued at $35,000. Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog in the 1st quarter valued at $44,000. Advisors Asset Management Inc. increased its stake in shares of 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 during the period. Finally, RiverPark Advisors LLC purchased a new position in shares of JFrog during the first quarter worth $140,000. Hedge funds and other institutional investors 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.