JFrog (NASDAQ:FROG) Price Target Raised to $55.00 at Canaccord Genuity Group

JFrog (NASDAQ:FROG) had its price target raised by Canaccord Genuity Group from $52.00 to $55.00 in a research report sent to investors on Thursday,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.

A number of other equities research analysts have also commented on FROG. Cantor Fitzgerald increased their price target on JFrog from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Robert W. Baird set a $47.00 price target on JFrog and gave the company an “outperform” rating in a research report on Monday, August 4th. Barclays increased their price target on JFrog from $45.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Stifel Nicolaus increased their price target on JFrog from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of JFrog in a research report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $49.27.

JFrog Stock Up 0.5%

Shares of FROG opened at $49.89 on Thursday. JFrog has a 12-month low of $27.00 and a 12-month high of $50.98. The business’s fifty day moving average is $44.30 and its 200 day moving average is $39.54. The stock has a market cap of $5.82 billion, a P/E ratio of -64.79 and a beta of 1.07.

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

Insider Activity

In related news, CFO Eduard Grabscheid sold 4,908 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $47.29, for a total value of $232,099.32. Following the sale, the chief financial officer directly owned 136,165 shares in the company, valued at approximately $6,439,242.85. The trade was a 3.48% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $50.01, for a total value of $1,750,350.00. Following the completion of the sale, the director owned 4,119,903 shares in the company, valued at $206,036,349.03. This represents a 0.84% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 528,748 shares of company stock worth $24,783,511. 14.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of FROG. Signaturefd LLC grew its holdings in shares of JFrog by 90.9% during the first quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock worth $40,000 after purchasing an additional 597 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after purchasing an additional 329 shares during the last quarter. Bayforest Capital Ltd bought a new stake in JFrog in the first quarter valued at approximately $104,000. Smartleaf Asset Management LLC lifted its position in JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company’s stock valued at $123,000 after purchasing an additional 800 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in JFrog in the first quarter valued at approximately $128,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

About JFrog

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.