JFrog (NASDAQ:FROG) Price Target Raised to $67.00

JFrog (NASDAQ:FROG) had its target price increased by Barclays from $57.00 to $67.00 in a research report released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts have also recently issued reports on FROG. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a report on Wednesday, October 8th. Needham & Company LLC upped their target price on JFrog from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday. DA Davidson lifted their price target on JFrog from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. KeyCorp upped their price objective on JFrog from $57.00 to $71.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Piper Sandler raised their price objective on shares of JFrog from $48.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $62.69.

JFrog Stock Up 27.0%

NASDAQ:FROG opened at $60.00 on Friday. The firm has a 50 day moving average of $48.70 and a 200 day moving average of $44.21. JFrog has a 52 week low of $27.00 and a 52 week high of $60.68. The stock has a market capitalization of $7.00 billion, a price-to-earnings ratio of -85.71 and a beta of 1.02.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $136.91 million during the quarter, compared to analysts’ expectations of $128.28 million. JFrog had a negative return on equity of 6.82% and a negative net margin of 15.88%.The business’s quarterly revenue was up 25.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. As a group, analysts expect that JFrog will post -0.33 EPS for the current year.

Insider Buying and Selling at JFrog

In related news, CEO Ben Haim Shlomi sold 15,000 shares of the company’s stock in a transaction dated 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 owned 4,884,152 shares in the company, valued at $234,830,028.16. This represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eduard Grabscheid sold 4,908 shares of the firm’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $47.29, for a total value of $232,099.32. Following the completion of the transaction, the chief financial officer owned 136,165 shares in the company, valued at $6,439,242.85. The trade was a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 431,492 shares of company stock valued at $20,979,800. Corporate insiders own 14.10% of the company’s stock.

Institutional Trading of JFrog

Several large investors have recently bought and sold shares of the business. Raymond James Financial Inc. boosted its holdings 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 purchasing an additional 33,236 shares during the last quarter. Nishkama Capital LLC acquired a new stake in shares of JFrog in the 1st quarter worth $6,561,000. T. Rowe Price Investment Management Inc. increased its stake in shares of JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock worth $84,166,000 after acquiring an additional 1,037,482 shares during the last quarter. Malaga Cove Capital LLC purchased a new position in shares of JFrog during the 1st quarter worth $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings 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 purchasing an additional 77,461 shares during the period. Hedge funds and other 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.