JFrog (NASDAQ:FROG) Upgraded to Strong-Buy at BTIG Research

JFrog (NASDAQ:FROG) was upgraded by equities researchers at BTIG Research to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley raised their target price on shares of JFrog from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Needham & Company LLC boosted their price objective on JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 7th. Piper Sandler lifted their price target on JFrog from $48.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Barclays increased their price target on shares of JFrog from $57.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.35.

JFrog Price Performance

Shares of FROG opened at $63.99 on Tuesday. The company’s fifty day moving average price is $56.38 and its 200-day moving average price is $48.82. JFrog has a 1-year low of $27.00 and a 1-year high of $70.43. The firm has a market capitalization of $7.57 billion, a PE ratio of -91.41 and a beta of 1.10.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The business had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. During the same period in the prior year, the company earned $0.15 earnings per share. The company’s revenue was up 25.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. As a group, research analysts anticipate that JFrog will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at JFrog

In related news, Director Frederic Simon sold 100,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $58.84, for a total value of $5,884,000.00. Following the completion of the transaction, the director directly owned 3,984,903 shares of the company’s stock, valued at approximately $234,471,692.52. This represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 15,000 shares of JFrog stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $48.08, for a total transaction of $721,200.00. Following the sale, the chief executive officer directly owned 4,884,152 shares in the company, valued at approximately $234,830,028.16. This trade represents a 0.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 398,601 shares of company stock valued at $23,778,920. 14.10% of the stock is owned by insiders.

Institutional Investors Weigh In On JFrog

A number of hedge funds have recently modified their holdings of FROG. PNC Financial Services Group Inc. boosted its position in JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock worth $43,000 after acquiring an additional 329 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in JFrog during the third quarter worth $56,000. Wilmington Savings Fund Society FSB grew its holdings in 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 buying an additional 1,152 shares in the last quarter. RiverPark Advisors LLC acquired a new stake in shares of JFrog in the 3rd quarter worth $103,000. Finally, Bayforest Capital Ltd acquired a new position in shares of JFrog during the 1st quarter valued at about $104,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.