Morgan Stanley Issues Positive Forecast for JFrog (NASDAQ:FROG) Stock Price

JFrog (NASDAQ:FROG) had its target price raised by Morgan Stanley from $50.00 to $65.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also recently weighed in on the company. DA Davidson boosted their price target on JFrog from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Canaccord Genuity Group lifted their target price on shares of JFrog from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, September 11th. Robert W. Baird upped their price target on shares of JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Raymond James Financial raised their price target on shares of JFrog from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Wall Street Zen cut shares of JFrog from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Fifteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and a consensus target price of $51.69.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $48.46 on Monday. The stock has a market capitalization of $5.66 billion, a P/E ratio of -62.94 and a beta of 1.05. The stock’s fifty day moving average is $46.88 and its 200 day moving average is $41.29. JFrog has a 52 week low of $27.00 and a 52 week high of $51.94.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million for the quarter, compared to analysts’ expectations of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same period last year, the firm 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. Equities research analysts forecast that JFrog will post -0.33 earnings per share for the current year.

Insider Buying and Selling

In other news, CRO Tali Notman sold 14,451 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $47.78, for a total value of $690,468.78. Following the completion of the sale, the executive owned 671,909 shares in the company, valued at $32,103,812.02. This represents a 2.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frederic Simon sold 50,000 shares of JFrog stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the transaction, the director directly owned 4,154,903 shares in the company, valued at approximately $195,737,480.33. This represents a 1.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 430,120 shares of company stock worth $20,654,627 over the last 90 days. Company insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On JFrog

Large investors have recently made changes to their positions in the stock. Signaturefd LLC increased its position in shares of 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 position in shares of 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 acquiring an additional 329 shares during the period. Bayforest Capital Ltd purchased a new position in JFrog during the first quarter valued at approximately $104,000. Smartleaf Asset Management LLC increased its holdings in JFrog by 26.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company’s stock worth $123,000 after acquiring an additional 800 shares during the period. Finally, Gordian Capital Singapore Pte Ltd bought a new position in JFrog in the 1st quarter valued at $128,000. 85.02% of the stock is owned by institutional investors.

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.