JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Rudolph Jacob T., the Senior Vice President and Chief Human Resources Officer at Trex Company, Inc. (NYSE:TREX), recently made a purchase of company stock. According to a filing with the Securities and Exchange Commission, Jacob acquired 53 shares of Trex common stock on April 8, 2025, at a price of $49.39 per share. This transaction, valued at approximately $2,617, was executed through the Trex Company, Inc. Amended and Restated 1999 Employee Stock Purchase Plan. Following this purchase, Jacob now holds a total of 29,027 shares in Trex.The insider purchase comes as Trex, with a market capitalization of $5.9 billion, has seen its stock decline 17% year-to-date. The company's shares, currently trading at $54.93, show significant volatility according to InvestingPro analysis, which also indicates the stock may be undervalued based on its Fair Value model. For investors seeking deeper insights, InvestingPro offers 10 additional key tips and a comprehensive analysis of Trex's financial health.
In other recent news, Trex Company, Inc. reported strong fourth-quarter 2024 financial results, surpassing Wall Street's expectations in revenue, EBITDA, and earnings per share. Benchmark maintained its Buy rating with an $80 price target, citing the company's robust performance and optimistic growth projections. In contrast, DA Davidson adjusted its price target for Trex to $60 from $74, maintaining a Neutral rating amid concerns about a potential slowdown in decking project activity. Jefferies also revised its price target for Trex to $71 from $81, keeping a Hold rating, while noting the company's strong financial results and projected sales growth for 2025. Truist Securities decreased its price target to $90 from $100 but reaffirmed its Buy rating, highlighting Trex's strategic focus on new product development and maintaining higher inventory levels. Trex's management expressed confidence in the upcoming fiscal year, projecting revenue growth driven by decking and new railing products despite a stagnant repair and remodel market. The company's strategic distribution agreements are expected to enhance market penetration in the Western United States and Canada. Investors and analysts are closely watching Trex's performance as it aims to expand its market reach and capitalize on ongoing demand.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.