JFrog (NASDAQ:FROG) Raised to “Buy” at Wall Street Zen

JFrog (NASDAQ:FROG) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other analysts have also commented on the company. Morgan Stanley increased their price objective on JFrog from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Barclays increased their price objective on JFrog from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Piper Sandler reaffirmed a “neutral” rating and set a $48.00 price objective (up previously from $40.00) on shares of JFrog in a research note on Friday, August 8th. Raymond James Financial increased their price objective on JFrog from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. increased their price objective on JFrog from $48.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Fifteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

JFrog Stock Performance

JFrog stock opened at $47.48 on Friday. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of -61.66 and a beta of 1.02. JFrog has a fifty-two week low of $27.00 and a fifty-two week high of $51.94. The stock’s fifty day moving average is $48.58 and its two-hundred day moving average is $43.55.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.JFrog’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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, sell-side analysts forecast that JFrog will post -0.33 EPS for the current fiscal year.

Insider Transactions at JFrog

In other JFrog news, CRO Tali Notman sold 13,067 shares of the firm’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $50.26, for a total value of $656,747.42. Following the sale, the executive directly owned 658,842 shares of the company’s stock, valued at approximately $33,113,398.92. This trade represents a 1.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Eduard Grabscheid sold 4,908 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $47.29, for a total value of $232,099.32. Following the completion of the sale, the chief financial officer directly owned 136,165 shares in the company, valued at approximately $6,439,242.85. The trade was a 3.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 481,492 shares of company stock worth $23,083,800 in the last quarter. 14.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JFrog

A number of large investors have recently modified their holdings of FROG. Signaturefd LLC lifted its stake in shares of JFrog by 90.9% in the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock valued at $40,000 after purchasing an additional 597 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in shares of JFrog by 1,086.8% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock valued at $60,000 after purchasing an additional 1,152 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of JFrog by 32.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after purchasing an additional 329 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of JFrog by 7,185.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock valued at $131,000 after purchasing an additional 2,946 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new position in shares of JFrog in the 2nd quarter valued at about $136,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.