JFrog (NASDAQ:FROG) Price Target Raised to $58.00 at Robert W. Baird

JFrog (NASDAQ:FROG) had its price objective raised by Robert W. Baird from $52.00 to $58.00 in a research note released on Thursday,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Cantor Fitzgerald lifted their price target on JFrog from $46.00 to $55.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. KeyCorp raised their target price on JFrog from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of JFrog in a research report on Wednesday. DA Davidson raised their target price on JFrog from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $48.00 price target (up from $40.00) 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $49.27.

JFrog Trading Up 0.5%

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

JFrog (NASDAQ:FROG) last issued 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 quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Analysts predict that JFrog will post -0.33 EPS for the current fiscal year.

Insider Activity at JFrog

In related news, CFO Eduard Grabscheid sold 4,908 shares of JFrog stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $47.29, for a total transaction of $232,099.32. Following the completion of the sale, the chief financial officer owned 136,165 shares of the company’s stock, valued at approximately $6,439,242.85. This trade represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on 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 sale, the director directly owned 4,119,903 shares of the company’s stock, valued at $206,036,349.03. This represents a 0.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 528,748 shares of company stock valued at $24,783,511 in the last ninety days. 14.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JFrog

Several large investors have recently added to or reduced their stakes in FROG. Signaturefd LLC boosted its stake in JFrog by 90.9% during the first quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock valued at $40,000 after buying an additional 597 shares during the period. PNC Financial Services Group Inc. boosted its stake in JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after buying an additional 329 shares during the period. Bayforest Capital Ltd bought a new stake in JFrog during the first quarter valued at $104,000. Smartleaf Asset Management LLC increased its stake 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 acquiring an additional 800 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new position in JFrog in the first quarter valued at $128,000. 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.