JFrog’s (FROG) Buy Rating Reiterated at TD Cowen

TD Cowen reiterated their buy rating on shares of JFrog (NASDAQ:FROG) in a research note published on Thursday morning,Benzinga reports. They currently have a $120.00 price objective on the stock.

A number of other brokerages also recently commented on FROG. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a report on Friday, July 17th. Oppenheimer increased their price target on JFrog from $105.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Cantor Fitzgerald raised their price objective on JFrog from $80.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Raymond James Financial set a $120.00 price objective on JFrog in a research note on Friday, August 7th. Finally, Guggenheim upped their target price on JFrog from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Twenty-two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.14.

JFrog Stock Performance

FROG opened at $87.60 on Thursday. The firm has a 50 day moving average price of $89.29 and a 200 day moving average price of $68.43. The company has a market cap of $10.80 billion, a PE ratio of -236.75 and a beta of 1.28. JFrog has a 1 year low of $34.05 and a 1 year high of $105.76.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The firm had revenue of $163.77 million for the quarter, compared to analysts’ expectations of $155.63 million. During the same period in the previous year, the company posted $0.18 earnings per share. JFrog’s revenue was up 28.7% compared to the same quarter last year. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. On average, sell-side analysts predict that JFrog will post -0.11 earnings per share for the current year.

Insider Activity

In other news, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $90.86, for a total transaction of $10,903,200.00. Following the sale, the director directly owned 2,984,328 shares of the company’s stock, valued at approximately $271,156,042.08. The trade was a 3.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Shlomi Ben Haim sold 93,072 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $84.60, for a total value of $7,873,891.20. Following the completion of the transaction, the chief executive officer owned 4,658,236 shares in the company, valued at approximately $394,086,765.60. This trade represents a 1.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 995,730 shares of company stock valued at $92,310,113. Corporate insiders own 11.80% of the company’s stock.

Institutional Trading of JFrog

A number of hedge funds have recently made changes to their positions in FROG. Millstone Evans Group LLC increased its stake in shares of JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after buying an additional 427 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of JFrog in the 1st quarter worth about $30,000. Bessemer Group Inc. acquired a new stake in shares of JFrog in the 1st quarter valued at about $36,000. Farther Finance Advisors LLC raised its stake in shares of JFrog by 318.7% in the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after purchasing an additional 478 shares in the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of JFrog during the fourth quarter worth about $44,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog News Roundup

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Analysts remain bullish. DA Davidson and BTIG Research reaffirmed “buy” ratings with $115 price targets, while TD Cowen set a $120 target and RBC maintained an “outperform” rating with a $118 target. These targets imply substantial upside and reflect continued confidence in JFrog’s software-supply-chain and AI opportunity. Analyst rating report
• Positive Sentiment: JFrog highlighted products and partnerships aimed at securing AI-era software development, including zero-touch remediation, continuous compliance and security for agentic workforces. The initiatives could expand the company’s addressable market and reinforce its strategic importance to enterprise customers. JFrog zero-touch remediation announcement
• Neutral Sentiment: Recent quarterly results were strong, with revenue rising 28.7% year over year to $163.8 million and adjusted EPS of $0.27 beating estimates. However, the company remains unprofitable on a GAAP basis, making execution against its full-year guidance of $0.96–$1.00 EPS important for valuation.
• Negative Sentiment: Security researchers reported that attackers are exploiting a critical JFrog Artifactory flaw to forge administrative tokens. The issue could lead to urgent customer patching, increased scrutiny of JFrog’s security controls and potential reputational or retention risks. JFrog Artifactory security vulnerability report
• Negative Sentiment: Executives and directors reported substantial selling, including CEO Shlomi Ben Haim, CFO Eduard Grabscheid, CRO Tali Notman and director Frederic Simon. Most transactions were conducted under Rule 10b5-1 plans or to cover taxes on vested equity, limiting their value as bearish signals, but the volume may still pressure investor sentiment.

JFrog Company Profile

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.