JFrog (NASDAQ:FROG) Price Target Raised to $60.00 at DA Davidson

JFrog (NASDAQ:FROG) had its price target upped by DA Davidson from $55.00 to $60.00 in a report released on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

FROG has been the topic of a number of other reports. Wall Street Zen lowered JFrog from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Raymond James Financial increased their price target on JFrog from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. KeyCorp increased their price target on JFrog from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Cantor Fitzgerald increased their price target on JFrog from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective (up from $46.00) on shares of JFrog in a research report on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.87.

JFrog Price Performance

NASDAQ FROG opened at $49.66 on Wednesday. The firm has a market cap of $5.80 billion, a PE ratio of -64.49 and a beta of 1.07. JFrog has a one year low of $27.00 and a one year high of $50.98. The stock’s 50 day simple moving average is $44.14 and its 200 day simple moving average is $39.46.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.JFrog’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.15 EPS. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, equities analysts expect that JFrog will post -0.33 earnings per share for the current year.

Insider Buying and Selling at JFrog

In related news, Director Yvonne Wassenaar sold 1,368 shares of JFrog stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $49.00, for a total transaction of $67,032.00. Following the completion of the sale, the director directly owned 32,051 shares of the company’s stock, valued at $1,570,499. The trade was a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ben Haim Shlomi sold 38,159 shares of JFrog stock in a transaction on Monday, September 8th. The stock was sold at an average price of $50.32, for a total value of $1,920,160.88. Following the sale, the chief executive officer directly owned 4,899,512 shares of the company’s stock, valued at approximately $246,543,443.84. This trade represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 493,748 shares of company stock valued at $23,033,161 over the last quarter. 14.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On JFrog

A number of institutional investors have recently made changes to their positions in FROG. Alliancebernstein L.P. grew its stake in shares of JFrog by 1,974.0% during the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock worth $68,832,000 after purchasing an additional 2,047,294 shares during the period. Eminence Capital LP acquired a new position in JFrog in the first quarter valued at about $43,268,000. Norges Bank acquired a new position in JFrog in the second quarter valued at about $50,968,000. T. Rowe Price Investment Management Inc. grew its stake in JFrog by 65.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock valued at $84,166,000 after acquiring an additional 1,037,482 shares during the period. Finally, Mackenzie Financial Corp grew its stake in JFrog by 93.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock valued at $58,703,000 after acquiring an additional 965,912 shares during the period. 85.02% of the stock is 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.