JFrog Ltd. (NASDAQ:FROG) Receives Average Recommendation of “Moderate Buy” from Brokerages

JFrog Ltd. (NASDAQ:FROG) has earned an average recommendation of “Moderate Buy” from the eighteen brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $62.6875.

FROG has been the topic of several research analyst reports. Piper Sandler increased their price objective on shares of JFrog from $48.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Truist Financial reissued a “buy” rating and set a $70.00 target price (up previously from $55.00) on shares of JFrog in a report on Friday, November 7th. Wall Street Zen raised JFrog from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. 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 note on Friday, November 7th. Finally, DA Davidson raised shares of JFrog to a “strong-buy” rating in a research note on Friday, November 7th.

Insider Activity

In related news, Director Yvonne Wassenaar sold 1,372 shares of JFrog stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $47.94, for a total value of $65,773.68. Following the completion of the sale, the director owned 29,307 shares in the company, valued at approximately $1,404,977.58. This trade represents a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederic Simon sold 100,000 shares of the company’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $58.84, for a total value of $5,884,000.00. Following the transaction, the director owned 3,984,903 shares in the company, valued at $234,471,692.52. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 546,492 shares of company stock valued at $27,553,950 in the last quarter. Insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On JFrog

Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. lifted its stake in shares of JFrog by 3.2% in the first 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 period. Nishkama Capital LLC acquired a new stake in shares of JFrog in the 1st quarter worth approximately $6,561,000. T. Rowe Price Investment Management Inc. increased its stake 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 in the last quarter. Malaga Cove Capital LLC acquired a new position in JFrog during the first quarter worth $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in JFrog by 14.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 605,721 shares of the company’s stock worth $19,383,000 after purchasing an additional 77,461 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Price Performance

Shares of NASDAQ FROG opened at $61.67 on Thursday. The firm has a 50-day simple moving average of $49.60 and a two-hundred day simple moving average of $44.76. JFrog has a 1 year low of $27.00 and a 1 year high of $65.50. The company has a market cap of $7.30 billion, a P/E ratio of -88.10 and a beta of 1.02.

JFrog (NASDAQ:FROG) last issued its earnings results 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. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The business had revenue of $136.91 million during the quarter, compared to analysts’ expectations of $128.28 million. During the same period in the prior year, the business earned $0.15 EPS. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. 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 research analysts expect that JFrog will post -0.33 EPS for the current 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.