Morgan Stanley Raises JFrog (NASDAQ:FROG) Price Target to $65.00

JFrog (NASDAQ:FROG) had its price objective raised by analysts at Morgan Stanley from $50.00 to $65.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 36.86% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. upped their price objective on JFrog from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Wall Street Zen cut JFrog from a “buy” rating to a “hold” rating in a research report on Friday, September 26th. Barclays upped their price objective on JFrog from $45.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $60.00 price objective on shares of JFrog in a research note on Monday, September 15th. Finally, Robert W. Baird upped their price objective on JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Fifteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.69.

JFrog Trading Down 1.2%

FROG traded down $0.58 on Monday, hitting $47.50. 67,105 shares of the company were exchanged, compared to its average volume of 1,124,335. JFrog has a twelve month low of $27.00 and a twelve month high of $51.94. The company has a market cap of $5.54 billion, a price-to-earnings ratio of -61.65 and a beta of 1.05. The firm has a 50-day moving average price of $46.77 and a two-hundred day moving average price of $41.18.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The firm had revenue of $127.20 million during the quarter, compared to analysts’ expectations of $122.80 million. During the same period in the previous year, the firm posted $0.15 EPS. JFrog’s revenue for the quarter was up 23.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Equities analysts expect that JFrog will post -0.33 EPS for the current year.

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $50.01, for a total value of $1,750,350.00. Following the completion of the transaction, the director directly owned 4,119,903 shares in the company, valued at $206,036,349.03. The trade was a 0.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Yvonne Wassenaar sold 1,372 shares of JFrog stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $49.90, for a total value of $68,462.80. Following the completion of the transaction, the director owned 30,679 shares of the company’s stock, valued at approximately $1,530,882.10. The trade was a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 480,120 shares of company stock valued at $22,740,727. Company insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On JFrog

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of JFrog by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company’s stock worth $283,903,000 after buying an additional 35,458 shares during the period. TimesSquare Capital Management LLC raised its holdings in JFrog by 6.5% during the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company’s stock worth $115,933,000 after purchasing an additional 222,635 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in JFrog by 65.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock worth $84,166,000 after purchasing an additional 1,037,482 shares in the last quarter. Wasatch Advisors LP raised its holdings in JFrog by 3.0% during the second quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company’s stock worth $112,228,000 after purchasing an additional 74,153 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in JFrog by 1,974.0% during the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock worth $68,832,000 after purchasing an additional 2,047,294 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Company Profile

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.