JFrog (NASDAQ:FROG) Stock Rating Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded JFrog from “hold” to “buy.” The stock has a “Moderate Buy” consensus rating, with 21 analysts issuing Buy ratings and an average price target of $109.48.
• JFrog reported quarterly revenue of $163.77 million, up 28.7% year over year, and adjusted earnings of $0.27 per share, beating analyst expectations. Shares opened at $102.23 and were near their 12-month high.
• Institutional investors own 85.02% of JFrog, while insiders have sold about $90.6 million of stock over the past three months, including sales by the CEO and a director under pre-arranged trading plans.

JFrog (NASDAQ:FROG - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

FROG has been the topic of several other research reports. Piper Sandler lifted their price target on shares of JFrog from $65.00 to $90.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. UBS Group increased their price objective on JFrog from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Truist Financial raised their price objective on JFrog from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. KeyCorp lifted their target price on JFrog from $89.00 to $114.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Finally, TD Cowen reaffirmed a "buy" rating and set a $120.00 target price on shares of JFrog in a research report on Thursday, September 3rd. Twenty-one equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $109.48.

JFrog Trading Up 5.1%

Shares of NASDAQ FROG opened at $102.23 on Friday. JFrog has a twelve month low of $34.05 and a twelve month high of $105.76. The company has a market capitalization of $12.60 billion, a price-to-earnings ratio of -276.29 and a beta of 1.24. The firm has a 50-day moving average of $91.99 and a two-hundred day moving average of $77.30.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share 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 company had revenue of $163.77 million during the quarter, compared to analyst estimates of $155.63 million. During the same quarter last year, the firm posted $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. As a group, research analysts predict that JFrog will post -0.11 earnings per share for the current year.

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $97.24, for a total transaction of $11,668,800.00. Following the transaction, the director directly owned 2,744,328 shares in the company, valued at approximately $266,858,454.72. The trade was a 4.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Shlomi Ben Haim sold 15,000 shares of the business's stock in a transaction on Wednesday, October 7th. The shares were sold at an average price of $97.52, for a total transaction of $1,462,800.00. Following the sale, the chief executive officer directly owned 4,434,305 shares in the company, valued at approximately $432,433,423.60. This trade represents a 0.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 960,453 shares of company stock valued at $90,577,116 over the last three months. 11.80% of the stock is owned by insiders.

Institutional Trading of JFrog

Hedge funds and other institutional investors have recently modified their holdings of the business. First Trust Advisors LP raised 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 worth $157,796,000 after acquiring an additional 3,358,422 shares in the last quarter. Wasatch Advisors LP grew its stake in JFrog by 187.4% in the first 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 purchased a new position in JFrog in the first quarter valued at about $78,872,000. Anatole Investment Management Ltd acquired a new position in JFrog in the 4th quarter worth about $86,557,000. Finally, Stephens Investment Management Group LLC purchased a new stake in shares of JFrog during the 1st quarter worth about $41,956,000. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Company Profile

JFrog Ltd. develops a software supply chain platform that helps organizations build, manage, secure and distribute software across cloud, on-premises and hybrid environments. Its platform is designed to support DevOps and DevSecOps workflows by connecting software development, security and operations teams throughout the application lifecycle.

The company's product portfolio includes JFrog Artifactory, a repository for storing and managing software packages and artifacts; JFrog Xray, which provides security and compliance analysis; and tools for software release automation, distribution, artifact curation and runtime protection.

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