Brokerages Set JFrog Ltd. (NASDAQ:FROG) Price Target at $64.35

JFrog Ltd. (NASDAQ:FROG) has received a consensus recommendation of “Moderate Buy” from the nineteen research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, fourteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $64.3529.

Several equities research analysts have recently weighed in on FROG shares. Cowen reissued a “buy” rating on shares of JFrog in a report on Friday, October 17th. Canaccord Genuity Group increased their price target on shares of JFrog from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their target price on shares of JFrog from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Finally, Oppenheimer raised JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a report on Friday, November 7th.

Insider Buying and Selling

In other news, Director Yvonne Wassenaar sold 1,372 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $47.94, for a total value of $65,773.68. Following the transaction, the director owned 29,307 shares of the company’s stock, valued at approximately $1,404,977.58. The trade was a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 15,000 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $48.08, for a total value of $721,200.00. Following the sale, the chief executive officer directly owned 4,884,152 shares of the company’s stock, valued at approximately $234,830,028.16. This represents a 0.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 397,229 shares of company stock worth $23,710,457. 14.10% of the stock is currently owned by insiders.

Institutional Trading of JFrog

Several hedge funds and other institutional investors have recently made changes to their positions in FROG. Verdence Capital Advisors LLC boosted its holdings in JFrog by 2.7% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,639 shares of the company’s stock valued at $481,000 after purchasing an additional 253 shares in the last quarter. Snowden Capital Advisors LLC lifted its holdings in shares of JFrog by 1.7% in the 2nd quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock valued at $666,000 after buying an additional 253 shares during the period. Arizona State Retirement System lifted its holdings in shares of JFrog by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 28,768 shares of the company’s stock valued at $1,362,000 after buying an additional 362 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of JFrog by 5.8% in the third quarter. Integrated Wealth Concepts LLC now owns 6,897 shares of the company’s stock valued at $326,000 after buying an additional 377 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in JFrog by 4.6% during the second quarter. Park Avenue Securities LLC now owns 9,155 shares of the company’s stock worth $402,000 after acquiring an additional 405 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Trading Down 4.6%

FROG stock opened at $59.57 on Friday. The company’s 50 day moving average is $60.61 and its two-hundred day moving average is $50.80. JFrog has a twelve month low of $27.00 and a twelve month high of $70.43. The stock has a market cap of $7.05 billion, a P/E ratio of -85.10 and a beta of 1.13.

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

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.