JFrog (NASDAQ:FROG) Trading Up 11.9% Following Analyst Upgrade

JFrog Ltd. (NASDAQ:FROG) shot up 11.9% on Wednesday after UBS Group upgraded the stock from a neutral rating to a buy rating. UBS Group now has a $60.00 price target on the stock. JFrog traded as high as $47.84 and last traded at $47.85. 1,104,692 shares changed hands during trading, a decline of 67% from the average session volume of 3,298,459 shares. The stock had previously closed at $42.78.

FROG has been the subject of a number of other research reports. BTIG Research cut their price objective on shares of JFrog from $83.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Guggenheim initiated coverage on shares of JFrog in a report on Monday, March 16th. They issued a “buy” rating and a $60.00 target price on the stock. DA Davidson dropped their price target on shares of JFrog from $75.00 to $65.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Barclays raised their price objective on shares of JFrog from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Monday, January 12th. Finally, Morgan Stanley set a $70.00 price objective on JFrog in a report on Monday, February 23rd. Eighteen equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.05.

Insider Activity at JFrog

In other news, CFO Eduard Grabscheid sold 15,639 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $40.15, for a total transaction of $627,905.85. Following the completion of the transaction, the chief financial officer directly owned 239,902 shares of the company’s stock, valued at $9,632,065.30. This trade represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 71,841 shares of JFrog stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $40.15, for a total value of $2,884,416.15. Following the transaction, the chief executive officer owned 4,815,612 shares of the company’s stock, valued at $193,346,821.80. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 351,960 shares of company stock valued at $17,367,657 in the last quarter. 14.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On JFrog

Several hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. purchased a new stake in shares of JFrog in the fourth quarter valued at $30,000. Farther Finance Advisors LLC boosted its stake in shares of JFrog by 318.7% during the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after acquiring an additional 478 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in JFrog during the 4th quarter worth about $44,000. First Horizon Corp purchased a new stake in JFrog during the 4th quarter worth about $47,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in JFrog by 12,566.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 760 shares of the company’s stock valued at $47,000 after purchasing an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

The company has a market capitalization of $5.64 billion, a PE ratio of -76.01 and a beta of 1.20. The stock’s fifty day simple moving average is $47.83 and its 200-day simple moving average is $53.12.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $145.31 million during the quarter, compared to the consensus estimate of $138.09 million. JFrog had a negative net margin of 13.50% and a negative return on equity of 5.74%. The company’s quarterly revenue was up 25.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. JFrog has set its FY 2026 guidance at 0.880-0.920 EPS and its Q1 2026 guidance at 0.200-0.220 EPS. On average, equities analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

JFrog Company Profile

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.