JFrog (NASDAQ:FROG) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of JFrog (NASDAQ:FROG) from a hold rating to a buy rating in a report published on Saturday morning.

A number of other equities analysts also recently weighed in on FROG. Raymond James Financial increased their price target on shares of JFrog from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Canaccord Genuity Group lifted their target price on JFrog from $52.00 to $55.00 and gave the company a “buy” rating in a report on Thursday. Cowen reissued a “buy” rating on shares of JFrog in a research report on Friday, August 8th. KeyCorp raised their price objective on JFrog from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Robert W. Baird lifted their price objective on JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, JFrog has an average rating of “Moderate Buy” and an average price target of $49.60.

JFrog Trading Up 0.1%

JFrog stock opened at $49.94 on Friday. The stock has a fifty day moving average price of $44.46 and a 200 day moving average price of $39.65. JFrog has a 52 week low of $27.00 and a 52 week high of $50.98. The firm has a market capitalization of $5.83 billion, a P/E ratio of -64.86 and a beta of 1.07.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $127.20 million during the quarter, compared to analysts’ expectations of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The firm’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. 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, equities analysts predict that JFrog will post -0.33 EPS for the current year.

Insider Transactions at JFrog

In other news, CTO Yoav Landman sold 102,419 shares of the firm’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $49.73, for a total transaction of $5,093,296.87. Following the completion of the sale, the chief technology officer directly owned 6,081,087 shares in the company, valued at $302,412,456.51. This trade represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 38,159 shares of JFrog stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $50.32, for a total value of $1,920,160.88. Following the sale, the chief executive officer directly owned 4,899,512 shares in the company, valued at approximately $246,543,443.84. The trade was a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 528,748 shares of company stock valued at $24,783,511. Corporate insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On JFrog

A number of hedge funds have recently bought and sold shares of FROG. Alliancebernstein L.P. raised its position in shares of JFrog by 1,974.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock valued at $68,832,000 after purchasing an additional 2,047,294 shares in the last quarter. Eminence Capital LP bought a new stake in shares of JFrog in the first quarter worth $43,268,000. Norges Bank bought a new stake in shares of JFrog in the second quarter worth $50,968,000. T. Rowe Price Investment Management Inc. raised its holdings in 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. Finally, Mackenzie Financial Corp boosted its stake in JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock valued at $58,703,000 after acquiring an additional 965,912 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.