Barclays Has Lowered Expectations for JFrog (NASDAQ:FROG) Stock Price

JFrog (NASDAQ:FROG) had its target price decreased by Barclays from $40.00 to $38.00 in a research report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 24.26% from the company’s previous close.

Several other research analysts also recently commented on the company. Stifel Nicolaus decreased their price objective on JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. KeyCorp lifted their price target on shares of JFrog from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, September 12th. DA Davidson reissued a “buy” rating and issued a $40.00 price objective on shares of JFrog in a research note on Monday, October 14th. UBS Group lifted their target price on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Piper Sandler cut their price target on JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and an average price target of $37.72.

JFrog Price Performance

NASDAQ:FROG opened at $30.58 on Monday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -58.32 and a beta of 0.93. The business has a fifty day moving average price of $29.20 and a 200-day moving average price of $32.23. JFrog has a one year low of $22.91 and a one year high of $48.81.

Insider Buying and Selling at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the sale, the chief technology officer now directly owns 6,627,242 shares in the company, valued at approximately $185,562,776. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JFrog news, CRO Tali Notman sold 11,621 shares of JFrog stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $314,464.26. Following the completion of the transaction, the executive now directly owns 547,413 shares of the company’s stock, valued at $14,812,995.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the sale, the chief technology officer now owns 6,627,242 shares of the company’s stock, valued at $185,562,776. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 143,806 shares of company stock worth $4,185,802 over the last 90 days. 15.70% of the stock is owned by insiders.

Hedge Funds Weigh In On JFrog

Several hedge funds have recently added to or reduced their stakes in 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% during the 1st 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 period. SG Americas Securities LLC bought a new position in JFrog in the 2nd quarter valued at $187,000. Sanctuary Advisors LLC purchased a new stake in JFrog in the second quarter worth $188,000. Finally, US Bancorp DE lifted its position in shares of JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after purchasing an additional 798 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

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.