DA Davidson Upgrades JFrog (NASDAQ:FROG) to “Strong-Buy”

JFrog (NASDAQ:FROG) was upgraded by analysts at DA Davidson to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

FROG has been the subject of several other reports. Needham & Company LLC increased their price objective on JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus increased their price target on shares of JFrog from $45.00 to $53.00 and gave the company a “buy” rating in a report on Friday, August 8th. Cantor Fitzgerald boosted their price objective on shares of JFrog from $60.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday. TD Cowen upped their price objective on shares of JFrog from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, Oppenheimer upgraded shares of JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.69.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $60.00 on Friday. The stock’s 50-day moving average is $48.70 and its 200-day moving average is $44.13. The company has a market cap of $7.00 billion, a P/E ratio of -85.71 and a beta of 1.02. JFrog has a 52-week low of $27.00 and a 52-week high of $60.68.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.06. The business had revenue of $136.91 million during the quarter, compared to analysts’ expectations of $128.28 million. JFrog had a negative return on equity of 6.82% and a negative net margin of 15.88%.The firm’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 EPS. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. As a group, equities analysts predict that JFrog will post -0.33 EPS for the current year.

Insider Buying and Selling

In other news, Director Yvonne Wassenaar sold 1,372 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $47.94, for a total value of $65,773.68. Following the sale, the director owned 29,307 shares of the company’s stock, valued at approximately $1,404,977.58. This represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Tali Notman sold 13,067 shares of the stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $50.26, for a total transaction of $656,747.42. Following the sale, the executive owned 658,842 shares of the company’s stock, valued at $33,113,398.92. This trade represents a 1.94% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 431,492 shares of company stock worth $20,979,800 in the last three months. Company insiders own 14.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. raised its position in JFrog by 3.2% in the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company’s stock valued at $34,308,000 after purchasing an additional 33,236 shares during the last quarter. Nishkama Capital LLC bought a new stake in shares of JFrog during the first quarter worth $6,561,000. T. Rowe Price Investment Management Inc. increased its stake in shares of JFrog by 65.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock valued at $84,166,000 after buying an additional 1,037,482 shares in the last quarter. Malaga Cove Capital LLC bought a new position in shares of JFrog in the first quarter valued at about $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of JFrog by 14.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 605,721 shares of the company’s stock valued at $19,383,000 after buying an additional 77,461 shares during the last quarter. 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.