Benchmark Upgrades JFrog (NASDAQ:FROG) to Strong-Buy

JFrog (NASDAQ:FROG) was upgraded by stock analysts at Benchmark to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other brokerages also recently issued reports on FROG. Wall Street Zen downgraded JFrog from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. BTIG Research raised their price objective on JFrog from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Stifel Nicolaus lifted their price objective on shares of JFrog from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Needham & Company LLC increased their target price on shares of JFrog from $70.00 to $80.00 and gave the company a “buy” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their target price on shares of JFrog from $68.00 to $76.00 and gave the company an “overweight” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.62.

JFrog Trading Up 2.8%

NASDAQ FROG opened at $78.80 on Thursday. JFrog has a 12-month low of $34.05 and a 12-month high of $89.16. The company has a market cap of $9.54 billion, a P/E ratio of -148.68 and a beta of 1.23. The company has a fifty day simple moving average of $67.84 and a 200 day simple moving average of $57.94.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $153.98 million during the quarter, compared to the consensus estimate of $147.45 million. JFrog had a negative return on equity of 4.61% and a negative net margin of 10.93%.The company’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. Sell-side analysts predict that JFrog will post -0.15 EPS for the current year.

Insiders Place Their Bets

In other news, CTO Yoav Landman sold 100,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $81.47, for a total transaction of $8,147,000.00. Following the completion of the sale, the chief technology officer directly owned 5,734,038 shares of the company’s stock, valued at $467,152,075.86. This trade represents a 1.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ben Haim Shlomi sold 93,072 shares of JFrog stock in a transaction on Monday, June 8th. The stock was sold at an average price of $84.60, for a total value of $7,873,891.20. Following the sale, the chief executive officer owned 4,658,236 shares in the company, valued at $394,086,765.60. The trade was a 1.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 805,700 shares of company stock valued at $58,486,362. Insiders own 11.80% of the company’s stock.

Institutional Trading of JFrog

Several hedge funds have recently added to or reduced their stakes in FROG. Millstone Evans Group LLC increased its stake in shares of JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares during the last quarter. Blue Trust Inc. purchased a new position in JFrog during the fourth quarter worth about $30,000. Western Wealth Management LLC bought a new position in JFrog in the 1st quarter worth about $30,000. Bessemer Group Inc. purchased a new stake in JFrog in the first quarter valued at approximately $36,000. Finally, Farther Finance Advisors LLC grew its position in JFrog by 318.7% in the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after acquiring an additional 478 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

About JFrog

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.