JFrog (NASDAQ:FROG) Given Buy Rating at Truist Financial

JFrog (NASDAQ:FROG)‘s stock had its “buy” rating reissued by investment analysts at Truist Financial in a note issued to investors on Friday,Benzinga reports. They presently have a $70.00 price target on the stock, up from their previous price target of $55.00. Truist Financial’s price target would indicate a potential upside of 19.91% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a research note on Wednesday, October 8th. Cantor Fitzgerald raised their price objective on shares of JFrog from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays boosted their price target on shares of JFrog from $57.00 to $67.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. upped their price target on JFrog from $48.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, September 24th. Finally, Robert W. Baird lifted their price target on JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Sixteen analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.06.

JFrog Stock Up 23.5%

NASDAQ FROG traded up $11.12 on Friday, hitting $58.38. The stock had a trading volume of 4,509,212 shares, compared to its average volume of 1,114,432. JFrog has a one year low of $27.00 and a one year high of $59.75. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of -76.52 and a beta of 1.02. The company’s 50-day moving average is $48.49 and its two-hundred day moving average is $43.82.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $136.91 million during the quarter, compared to analyst estimates of $128.28 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.During the same period last year, the company posted $0.15 EPS. The firm’s quarterly revenue was up 25.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. On average, sell-side analysts anticipate that JFrog will post -0.33 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Ben Haim Shlomi sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $48.08, for a total transaction of $721,200.00. Following the completion of the transaction, the chief executive officer directly owned 4,884,152 shares of the company’s stock, valued at $234,830,028.16. This trade represents a 0.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Tali Notman sold 13,067 shares of JFrog stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $50.26, for a total transaction of $656,747.42. Following the completion of the sale, the executive owned 658,842 shares in the company, valued at $33,113,398.92. This trade represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 431,492 shares of company stock valued at $20,979,800. Corporate insiders own 14.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its stake in shares of JFrog by 3.2% during the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company’s stock worth $34,308,000 after buying an additional 33,236 shares during the last quarter. Nishkama Capital LLC bought a new stake in JFrog during the first quarter worth about $6,561,000. T. Rowe Price Investment Management Inc. boosted its position 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 valued at $84,166,000 after purchasing an additional 1,037,482 shares during the last quarter. Malaga Cove Capital LLC bought a new position in JFrog in the first quarter valued at approximately $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in 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 purchasing an additional 77,461 shares in the last quarter. Institutional investors 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.