JPMorgan Chase & Co. Issues Positive Forecast for JFrog (NASDAQ:FROG) Stock Price

JFrog (NASDAQ:FROG) had its price target raised by JPMorgan Chase & Co. from $48.00 to $55.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages have also issued reports on FROG. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price objective on shares of JFrog in a report on Wednesday, September 10th. Cowen reaffirmed a “buy” rating on shares of JFrog in a research note on Friday, August 8th. Barclays lifted their price target on shares of JFrog from $45.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Canaccord Genuity Group increased their price objective on shares of JFrog from $52.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $60.00 price objective on shares of JFrog in a research report on Monday, September 15th. Fifteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.25.

JFrog Stock Down 0.1%

NASDAQ:FROG opened at $50.13 on Wednesday. The business’s 50-day simple moving average is $45.83 and its two-hundred day simple moving average is $40.36. JFrog has a 52 week low of $27.00 and a 52 week high of $51.94. The stock has a market cap of $5.85 billion, a PE ratio of -65.10 and a beta of 1.07.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The firm had revenue of $127.20 million during 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 quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior 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. Sell-side analysts anticipate that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Yvonne Wassenaar sold 1,368 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.00, for a total value of $67,032.00. Following the completion of the transaction, the director owned 32,051 shares of the company’s stock, valued at approximately $1,570,499. This trade represents a 4.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 38,159 shares of JFrog stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 4,899,512 shares of the company’s stock, valued at approximately $246,543,443.84. This represents a 0.77% decrease in their position. The disclosure for this sale can be found here. In the last three months, 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 institutional investors and hedge funds have recently bought and sold shares of FROG. Alliancebernstein L.P. increased its stake in JFrog by 1,974.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock worth $68,832,000 after buying an additional 2,047,294 shares during the period. Eminence Capital LP bought a new position in JFrog in the 1st quarter worth about $43,268,000. Norges Bank purchased a new position in shares of JFrog during the second quarter worth approximately $50,968,000. T. Rowe Price Investment Management Inc. increased its holdings in JFrog by 65.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock worth $84,166,000 after purchasing an additional 1,037,482 shares during the period. Finally, Marshall Wace LLP increased its holdings in JFrog by 4,233.4% during the 2nd quarter. Marshall Wace LLP now owns 980,179 shares of the company’s stock worth $43,010,000 after purchasing an additional 957,560 shares during the period. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.