JFrog (NASDAQ:FROG) Sets New 52-Week High Following Analyst Upgrade

JFrog Ltd. (NASDAQ:FROG)’s share price reached a new 52-week high during trading on Saturday after Canaccord Genuity Group raised their price target on the stock from $55.00 to $65.00. Canaccord Genuity Group currently has a buy rating on the stock. JFrog traded as high as $60.68 and last traded at $60.00, with a volume of 7756599 shares. The stock had previously closed at $47.26.

A number of other analysts have also commented on the company. Barclays lifted their price target on JFrog from $57.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus raised their target price on JFrog from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wall Street Zen upgraded JFrog from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Morgan Stanley boosted their price target on shares of JFrog from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a research report on Wednesday, October 8th. Fifteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $62.69.

Insider Activity at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $46.92, for a total transaction of $1,642,200.00. Following the sale, the director owned 4,084,903 shares of the company’s stock, valued at $191,663,648.76. The trade was a 0.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CRO Tali Notman sold 13,067 shares of the 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 sale, the executive owned 658,842 shares in the company, valued at approximately $33,113,398.92. This represents a 1.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 431,492 shares of company stock worth $20,979,800 in the last ninety days. Insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On JFrog

Several hedge funds have recently made changes to their positions in the stock. Signaturefd LLC lifted its holdings in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock worth $40,000 after purchasing an additional 597 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in JFrog by 1,086.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock valued at $60,000 after buying an additional 1,152 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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. Tower Research Capital LLC TRC lifted its holdings in shares of JFrog by 7,185.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock worth $131,000 after buying an additional 2,946 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new stake in shares of JFrog in the second quarter worth about $136,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Stock Up 27.0%

The business’s 50-day moving average price is $48.70 and its 200 day moving average price is $44.03. The company has a market capitalization of $7.00 billion, a P/E ratio of -85.71 and a beta of 1.02.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.82%. The business had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. During the same quarter in the prior year, the firm posted $0.15 EPS. JFrog’s revenue was up 25.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. Analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

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.