JFrog (NASDAQ:FROG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JFrog (NASDAQ:FROG) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Other analysts have also issued research reports about the stock. TD Cowen lifted their price target on shares of JFrog from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Barclays boosted their target price on shares of JFrog from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 target price on shares of JFrog in a research note on Monday, September 15th. JPMorgan Chase & Co. upped their price target on shares of JFrog from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of JFrog in a report on Wednesday, September 10th. Fifteen equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.44.

JFrog Price Performance

JFrog stock opened at $48.28 on Friday. The stock has a market capitalization of $5.64 billion, a P/E ratio of -62.70 and a beta of 1.02. JFrog has a 12-month low of $27.00 and a 12-month high of $51.94. The firm’s 50-day moving average is $48.59 and its two-hundred day moving average is $43.67.

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

Insider Buying and Selling at JFrog

In other JFrog news, Director Yvonne Wassenaar sold 1,372 shares of the business’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $47.94, for a total value of $65,773.68. Following the sale, the director directly owned 29,307 shares in the company, valued at $1,404,977.58. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 15,000 shares of JFrog stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $48.08, for a total value of $721,200.00. Following the completion of the transaction, the chief executive officer owned 4,884,152 shares of the company’s stock, valued at approximately $234,830,028.16. This trade represents a 0.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 481,492 shares of company stock valued at $23,083,800 in the last ninety days. 14.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On JFrog

Institutional investors have recently bought and sold shares of the stock. Raymond James Financial Inc. increased its position in JFrog by 3.2% during the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company’s stock valued at $34,308,000 after buying an additional 33,236 shares in the last quarter. Nishkama Capital LLC purchased a new position in JFrog during the first quarter valued at $6,561,000. T. Rowe Price Investment Management Inc. lifted its position in shares of JFrog by 65.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock valued at $84,166,000 after acquiring an additional 1,037,482 shares in the last quarter. Malaga Cove Capital LLC purchased a new position in shares of JFrog in the first quarter valued at about $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of JFrog by 14.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 605,721 shares of the company’s stock valued at $19,383,000 after acquiring an additional 77,461 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other 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.