JFrog (NASDAQ:FROG) Upgraded to “Moderate Buy” at Royal Bank Of Canada

JFrog (NASDAQ:FROG) was upgraded by stock analysts at Royal Bank Of Canada to a “moderate buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also recently weighed in on the stock. KeyCorp boosted their price target on shares of JFrog from $89.00 to $114.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a research note on Friday, July 17th. TD Cowen boosted their target price on shares of JFrog from $100.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 7th. Raymond James Financial set a $120.00 price target on shares of JFrog in a research note on Friday, August 7th. Finally, Wall Street Zen downgraded shares of JFrog from a “buy” rating to a “hold” rating in a report on Sunday. Twenty-two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $106.36.

JFrog Price Performance

FROG stock opened at $92.80 on Tuesday. JFrog has a 1 year low of $34.05 and a 1 year high of $99.22. The firm has a market capitalization of $11.44 billion, a PE ratio of -250.80 and a beta of 1.22. The business has a 50 day simple moving average of $87.34 and a 200-day simple moving average of $66.41.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The firm had revenue of $163.77 million for the quarter, compared to the consensus estimate of $155.63 million. JFrog had a negative return on equity of 2.71% and a negative net margin of 7.35%.The firm’s revenue was up 28.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. On average, equities research analysts expect that JFrog will post -0.11 EPS for the current year.

Insider Activity at JFrog

In other JFrog news, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $85.84, for a total transaction of $10,300,800.00. Following the completion of the sale, the director directly owned 3,224,328 shares in the company, valued at $276,776,315.52. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Tali Notman sold 22,854 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $86.54, for a total transaction of $1,977,785.16. Following the transaction, the executive directly owned 728,644 shares of the company’s stock, valued at $63,056,851.76. The trade was a 3.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 875,334 shares of company stock worth $76,586,337. 11.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of JFrog in the second quarter valued at $1,427,000. California State Teachers Retirement System raised its holdings in shares of JFrog by 9,666.3% in the 2nd quarter. California State Teachers Retirement System now owns 10,839,803 shares of the company’s stock valued at $985,121,000 after buying an additional 10,728,811 shares during the period. Comprehensive Financial Planning Inc. PA acquired a new position in JFrog during the 2nd quarter worth about $363,000. Wellington Management Group LLP acquired a new position in JFrog during the 2nd quarter worth about $69,951,000. Finally, American Capital Management Inc. purchased a new position in JFrog during the 2nd quarter valued at about $1,225,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.