JFrog (NASDAQ:FROG) Rating Increased to Buy at Wall Street Zen

JFrog (NASDAQ:FROG) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research firms have also recently commented on FROG. Cantor Fitzgerald upped their price target on JFrog from $46.00 to $55.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Barclays upped their price objective on shares of JFrog from $45.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. DA Davidson lifted their target price on shares of JFrog from $55.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday. KeyCorp increased their price target on shares of JFrog from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Raymond James Financial lifted their price target on JFrog from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Fourteen research 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 currently has a consensus rating of “Moderate Buy” and an average target price of $49.60.

JFrog Stock Performance

NASDAQ FROG opened at $49.94 on Friday. The firm’s fifty day moving average is $44.46 and its two-hundred day moving average is $39.63. JFrog has a one year low of $27.00 and a one year high of $50.98. The firm has a market cap of $5.83 billion, a PE ratio of -64.86 and a beta of 1.07.

JFrog (NASDAQ:FROG) last released its quarterly 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. The firm 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%.The business’s revenue was up 23.5% on a year-over-year basis. During the same quarter 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. Research analysts predict that JFrog will post -0.33 earnings per share for the current year.

Insider Transactions at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $50.01, for a total transaction of $1,750,350.00. Following the sale, the director owned 4,119,903 shares in the company, valued at approximately $206,036,349.03. This represents a 0.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Tali Notman sold 13,067 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $50.26, for a total value of $656,747.42. Following the completion of the transaction, the executive directly owned 658,842 shares of the company’s stock, valued at approximately $33,113,398.92. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 528,748 shares of company stock worth $24,783,511 in the last quarter. Insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On JFrog

Several hedge funds have recently modified their holdings of the company. Northern Trust Corp grew its holdings in shares of JFrog by 79.0% during the fourth quarter. Northern Trust Corp now owns 155,121 shares of the company’s stock worth $4,562,000 after buying an additional 68,463 shares in the last quarter. Ameriprise Financial Inc. grew its stake in JFrog by 29.8% in the 4th quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company’s stock worth $3,766,000 after acquiring an additional 29,372 shares during the period. BNP Paribas Financial Markets purchased a new stake in JFrog in the 4th quarter worth approximately $212,000. Cetera Investment Advisers acquired a new position in JFrog in the 4th quarter valued at $452,000. Finally, Deutsche Bank AG lifted its stake in shares of JFrog by 10.6% during the 4th quarter. Deutsche Bank AG now owns 158,807 shares of the company’s stock worth $4,671,000 after purchasing an additional 15,239 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

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.