JFrog (NASDAQ:FROG) Given "Outperform" Rating at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated its “Outperform” rating on JFrog and set a $118 price target, implying approximately 28.8% upside. Analysts broadly remain positive, with a “Moderate Buy” consensus and average target of $106.36.
• JFrog reported strong quarterly performance, including revenue growth of 28.7% year over year to $163.77 million and EPS of $0.27, beating estimates. However, the company continues to post a negative net margin.
• JFrog’s shares edged down 0.1% to $91.64, while insiders—including the CTO—sold shares worth roughly $76.3 million over the past 90 days; the transactions were conducted under pre-arranged Rule 10b5-1 plans.

JFrog (NASDAQ:FROG - Get Free Report)'s stock had its "outperform" rating reiterated by Royal Bank Of Canada in a report released on Thursday, Benzinga reports. They currently have a $118.00 price objective on the stock. Royal Bank Of Canada's price objective suggests a potential upside of 28.77% from the stock's current price.

Several other equities research analysts also recently weighed in on FROG. Wall Street Zen downgraded JFrog from a "buy" rating to a "hold" rating in a research report on Sunday, August 23rd. Truist Financial upped their target price on JFrog from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. TD Cowen raised their target price on JFrog from $100.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Cantor Fitzgerald lifted their price target on JFrog from $80.00 to $100.00 and gave the company an "overweight" rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. upped their price objective on JFrog from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Twenty-two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $106.36.

JFrog Trading Down 0.1%

NASDAQ FROG traded down $0.10 on Thursday, hitting $91.64. 225,029 shares of the company's stock traded hands, compared to its average volume of 2,916,063. JFrog has a 1-year low of $34.05 and a 1-year high of $105.76. The firm's 50-day moving average price is $89.06 and its two-hundred day moving average price is $68.02. The firm has a market capitalization of $11.30 billion, a PE ratio of -248.08 and a beta of 1.28.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The business had revenue of $163.77 million for the quarter, compared to the consensus estimate of $155.63 million. During the same period in the prior year, the firm earned $0.18 EPS. The business's revenue for the quarter was up 28.7% on a year-over-year basis. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. On average, research analysts anticipate that JFrog will post -0.11 earnings per share for the current fiscal year.

Insider Activity at JFrog

In related news, CTO Yoav Landman sold 249,300 shares of JFrog stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $100.72, for a total value of $25,109,496.00. Following the sale, the chief technology officer directly owned 5,199,038 shares in the company, valued at approximately $523,647,107.36. The trade was a 4.58% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Tali Notman sold 22,015 shares of JFrog stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $83.95, for a total value of $1,848,159.25. Following the completion of the sale, the executive directly owned 706,629 shares in the company, valued at $59,321,504.55. This represents a 3.02% 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 90 days, insiders sold 824,140 shares of company stock valued at $76,301,888. 11.80% of the stock is owned by corporate insiders.

Institutional Trading of JFrog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FROG. UBS Group AG raised its holdings in shares of JFrog by 293.8% in the 4th quarter. UBS Group AG now owns 296,419 shares of the company's stock valued at $18,514,000 after buying an additional 221,155 shares during the period. Summit Partners Public Asset Management LLC increased its stake in JFrog by 77.8% during the fourth quarter. Summit Partners Public Asset Management LLC now owns 1,587,525 shares of the company's stock worth $99,157,000 after purchasing an additional 694,700 shares during the period. Dana Investment Advisors Inc. acquired a new stake in shares of JFrog during the fourth quarter worth about $2,013,000. American Capital Management Inc. purchased a new position in shares of JFrog in the second quarter valued at approximately $1,225,000. Finally, Robeco Schweiz AG purchased a new position in shares of JFrog in the fourth quarter valued at approximately $11,293,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

Key JFrog News

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Needham & Company reaffirmed its Buy rating and set a $115 price target, implying roughly 25% upside from recent levels. The call reinforces Wall Street’s positive view of JFrog’s growth prospects.
• Positive Sentiment: JFrog announced several initiatives aimed at expanding its AI-era software-supply-chain business, including zero-touch remediation, continuous compliance and security features for agentic workloads. These offerings could increase platform adoption and recurring revenue. JFrog Introduces Zero-Touch Remediation
• Positive Sentiment: The company also partnered with Wiz to help customers address AI-related security threats, supporting JFrog’s positioning as a broader DevSecOps and software-supply-chain security platform. JFrog Partners with Wiz
• Neutral Sentiment: JFrog’s latest reported quarter showed strong operating momentum, with revenue up 28.7% year over year to $163.77 million and adjusted EPS of $0.27, ahead of estimates. However, the company continues to report a negative net margin, leaving execution and profitability important valuation considerations.
• Negative Sentiment: Multiple security publications reported that a critical JFrog Artifactory flaw was exploited shortly after disclosure to forge administrative tokens. The incident raises concerns about customer exposure, remediation expenses, reputational risk and potential pressure on future sales. Exploited JFrog Artifactory Bug
• Negative Sentiment: CTO Yoav Landman sold approximately $25.1 million of FROG stock. Although the transaction was conducted under a pre-arranged Rule 10b5-1 plan and he retained a substantial stake, its size may weigh on investor sentiment. Director Elisa Steele also sold about $57,000 of shares under a similar plan. JFrog CTO Stock Sale

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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