JFrog (NASDAQ:FROG) Given New $115.00 Price Target at Truist Financial

Key Points

• Truist Financial raised its JFrog price target to $115 from $110 and maintained a “buy” rating, implying roughly 20% upside from the stock’s $95.75 price.
• Analyst sentiment is broadly positive: 21 analysts rate JFrog a Buy, one rates it Hold and one rates it Sell, resulting in a “Moderate Buy” consensus and an average price target of $109.95.
• JFrog reported quarterly revenue of $163.77 million, up 28.7% year over year, and adjusted EPS of $0.27, beating analyst expectations for both measures. Meanwhile, insiders sold about $86.7 million of shares over the past 90 days, primarily through pre-arranged trading plans.

JFrog (NASDAQ:FROG - Get Free Report) had its price objective raised by Truist Financial from $110.00 to $115.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's target price indicates a potential upside of 20.11% from the company's current price.

Several other research analysts have also weighed in on the stock. Stifel Nicolaus set a $102.00 price objective on shares of JFrog in a research note on Friday, September 4th. Guggenheim boosted their price target on shares of JFrog from $105.00 to $115.00 and gave the company a "buy" rating in a report on Friday, August 7th. Piper Sandler boosted their price target on shares of JFrog from $65.00 to $90.00 and gave the company a "neutral" rating in a report on Friday, August 7th. Barclays reaffirmed an "overweight" rating and issued a $110.00 price target on shares of JFrog in a research note on Friday, August 7th. Finally, Benchmark increased their price objective on JFrog from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Twenty-one investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $109.95.

JFrog Price Performance

NASDAQ FROG traded up $3.38 on Wednesday, hitting $95.75. 49,424 shares of the stock were exchanged, compared to its average volume of 2,726,950. The company's 50-day moving average price is $93.04 and its two-hundred day moving average price is $79.90. JFrog has a 52-week low of $34.05 and a 52-week high of $105.76. The company has a market capitalization of $11.81 billion, a price-to-earnings ratio of -257.29 and a beta of 1.24.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. JFrog had a negative return on equity of 2.71% and a negative net margin of 7.35%. The business had revenue of $163.77 million during the quarter, compared to analysts' expectations of $155.63 million. During the same quarter last year, the firm posted $0.18 earnings per share. JFrog's revenue was up 28.7% compared to the same quarter last year. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. Equities analysts predict that JFrog will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Shlomi Ben Haim sold 15,000 shares of the company's stock in a transaction dated Wednesday, October 7th. The stock was sold at an average price of $97.52, for a total transaction of $1,462,800.00. Following the completion of the sale, the chief executive officer owned 4,434,305 shares in the company, valued at approximately $432,433,423.60. This represents a 0.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederic Simon sold 120,000 shares of the firm's stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $97.24, for a total value of $11,668,800.00. Following the completion of the transaction, the director directly owned 2,744,328 shares in the company, valued at $266,858,454.72. The trade was a 4.19% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 915,453 shares of company stock valued at $86,651,766. 11.80% of the stock is owned by corporate insiders.

Institutional Trading of JFrog

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FROG. First Trust Advisors LP lifted its holdings in shares of JFrog by 85,066.4% during the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company's stock valued at $157,796,000 after acquiring an additional 3,358,422 shares during the period. Wasatch Advisors LP boosted its stake in shares of JFrog by 187.4% in the 1st quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company's stock valued at $195,043,000 after purchasing an additional 2,710,167 shares in the last quarter. Swedbank AB bought a new stake in shares of JFrog in the 1st quarter worth about $78,872,000. Stephens Investment Management Group LLC bought a new stake in shares of JFrog in the 1st quarter worth about $41,956,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of JFrog by 78.1% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,964,925 shares of the company's stock worth $92,214,000 after purchasing an additional 861,835 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Company Profile

JFrog Ltd. is a software company that provides a platform for managing, securing and distributing software packages and releases throughout the application development lifecycle. Its technology is designed to help organizations move software reliably from development through production across cloud, on-premises and hybrid environments.

The company's products include JFrog Artifactory, a repository for storing and managing software packages and container images; JFrog Xray, which provides security and compliance analysis for software components; and tools for continuous integration, continuous delivery, software distribution and release management.

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