JFrog (NASDAQ:FROG) Stock Price Expected to Rise, KeyCorp Analyst Says

JFrog (NASDAQ:FROG) had its price objective hoisted by equities research analysts at KeyCorp from $52.00 to $57.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target suggests a potential upside of 14.14% from the company’s current price.

FROG has been the topic of a number of other reports. Canaccord Genuity Group raised their price objective on shares of JFrog from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of JFrog in a research note on Wednesday. Robert W. Baird raised their price objective on shares of JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday. Cowen reissued a “buy” rating on shares of JFrog in a research report on Friday, August 8th. Finally, Wall Street Zen cut shares of JFrog from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.60.

JFrog Price Performance

FROG opened at $49.94 on Friday. JFrog has a one year low of $27.00 and a one year high of $50.98. The company’s 50 day simple moving average is $44.46 and its 200-day simple moving average is $39.65. The stock has a market capitalization of $5.83 billion, a P/E 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 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The business had revenue of $127.20 million for the quarter, compared to analysts’ expectations of $122.80 million. During the same period in the prior year, the firm earned $0.15 earnings per share. JFrog’s 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. As a group, analysts anticipate that JFrog will post -0.33 EPS for the current year.

Insider Transactions at JFrog

In other news, CFO Eduard Grabscheid sold 4,908 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $47.29, for a total transaction of $232,099.32. Following the transaction, the chief financial officer directly owned 136,165 shares in the company, valued at $6,439,242.85. The trade was a 3.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Yvonne Wassenaar sold 1,368 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $49.00, for a total transaction of $67,032.00. Following the transaction, the director owned 32,051 shares in the company, valued at $1,570,499. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 528,748 shares of company stock worth $24,783,511. 14.10% of the stock is owned by insiders.

Institutional Trading of JFrog

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in JFrog by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company’s stock valued at $283,903,000 after purchasing an additional 35,458 shares during the period. TimesSquare Capital Management LLC boosted its holdings in JFrog by 6.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company’s stock valued at $115,933,000 after purchasing an additional 222,635 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock valued at $84,166,000 after purchasing an additional 1,037,482 shares during the period. Wasatch Advisors LP boosted its holdings in JFrog by 3.0% in the 2nd quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company’s stock valued at $112,228,000 after purchasing an additional 74,153 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in JFrog by 1,974.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock valued at $68,832,000 after purchasing an additional 2,047,294 shares during the period. 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.