Barclays Cuts JFrog (NASDAQ:FROG) Price Target to $38.00

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

FROG has been the topic of a number of other reports. Canaccord Genuity Group lowered their target price on shares of JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Bank of America cut their price objective on JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Morgan Stanley lowered their target price on JFrog from $47.00 to $33.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Baird R W raised JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, DA Davidson reaffirmed a “buy” rating and set a $40.00 target price on shares of JFrog in a research report on Monday, October 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.72.

JFrog Trading Up 2.6 %

Shares of FROG stock opened at $31.39 on Monday. JFrog has a 12 month low of $22.91 and a 12 month high of $48.81. The business’s 50 day moving average is $29.28 and its two-hundred day moving average is $32.15.

Insiders Place Their Bets

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 value of $420,000.00. Following the sale, the chief technology officer now owns 6,627,242 shares of the company’s stock, valued at approximately $185,562,776. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related 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 transaction, the chief technology officer now owns 6,627,242 shares in the company, valued at $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 is available at the SEC website. Also, CRO Tali Notman sold 11,621 shares of the firm’s stock in a transaction dated 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 sale, the executive now owns 547,413 shares of the company’s stock, valued at $14,812,995.78. The trade was 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 three months. 15.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JFrog

Several large investors have recently made changes to their positions in the company. Mackenzie Financial Corp raised its holdings in JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares during the last quarter. George Kaiser Family Foundation grew its holdings in JFrog by 0.7% during the 2nd quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock worth $2,818,000 after acquiring an additional 532 shares during the period. Van ECK Associates Corp raised its position in shares of JFrog by 1.6% during the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company’s stock valued at $1,093,000 after acquiring an additional 577 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock valued at $116,000 after purchasing an additional 662 shares during the period. Finally, US Bancorp DE boosted its position in shares of JFrog by 13.6% in the 3rd 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. Institutional investors and hedge funds 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.