TD Cowen Reiterates Buy Rating for JFrog (NASDAQ:FROG)

Key Points

• TD Cowen reiterated its Buy rating on JFrog and set a $120 price target, implying approximately 30.8% upside from the stock’s recent $91.74 price.
• JFrog reported a strong latest quarter, with revenue rising 28.7% year over year to $163.77 million and EPS of $0.27, beating analyst estimates. Analysts remain broadly positive, with 22 Buy ratings and a consensus “Moderate Buy” rating.
• Despite institutional ownership of approximately 85%, insiders have sold roughly $76.3 million of shares over the past 90 days, while a reported exploited Artifactory vulnerability poses potential security, reputational and remediation risks.

JFrog (NASDAQ:FROG - Get Free Report)'s stock had its "buy" rating restated by TD Cowen in a report issued on Thursday, Benzinga reports. They currently have a $120.00 target price on the stock. TD Cowen's price objective suggests a potential upside of 30.81% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. KeyCorp lifted their target price on shares of JFrog from $89.00 to $114.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Citigroup restated a "buy" rating on shares of JFrog in a research note on Monday, June 8th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of JFrog in a research report on Friday, July 17th. Royal Bank Of Canada reiterated an "outperform" rating and set a $118.00 target price on shares of JFrog in a research note on Thursday. Finally, Guggenheim raised their price objective on shares of JFrog from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Twenty-two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $106.36.

JFrog Trading Up 0.0%

Shares of NASDAQ:FROG traded up $0.01 during mid-day trading on Thursday, hitting $91.74. 676,106 shares of the company traded hands, compared to its average volume of 2,919,061. The stock has a market cap of $11.31 billion, a P/E ratio of -247.49 and a beta of 1.28. JFrog has a 12-month low of $34.05 and a 12-month high of $105.76. The stock has a 50-day moving average price of $89.06 and a two-hundred day moving average price of $68.02.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. The business had revenue of $163.77 million during the quarter, compared to analyst estimates of $155.63 million. JFrog had a negative return on equity of 2.71% and a negative net margin of 7.35%.JFrog's quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. 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, analysts expect that JFrog will post -0.11 earnings per share for the current year.

Insider Buying and Selling at JFrog

In related news, CTO Yoav Landman sold 249,300 shares of the company's stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $100.72, for a total transaction 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. This represents a 4.58% decrease in their position. The sale was disclosed in a 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, August 13th. The stock was sold at an average price of $90.86, for a total transaction of $10,903,200.00. Following the completion of the transaction, the director directly owned 2,984,328 shares of the company's stock, valued at approximately $271,156,042.08. This trade represents a 3.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 824,140 shares of company stock worth $76,301,888 over the last ninety days. Company insiders own 11.80% of the company's stock.

Institutional Investors Weigh In On JFrog

Institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System grew its position in shares of JFrog by 9,666.3% in the second quarter. California State Teachers Retirement System now owns 10,839,803 shares of the company's stock valued at $985,121,000 after purchasing an additional 10,728,811 shares in the last quarter. Whale Rock Capital Management LLC lifted its holdings in JFrog by 82.2% during the 4th quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company's stock worth $330,901,000 after purchasing an additional 2,389,415 shares in the last quarter. Wasatch Advisors LP lifted its holdings in JFrog by 187.4% during the 1st quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company's stock worth $195,043,000 after purchasing an additional 2,710,167 shares in the last quarter. First Trust Advisors LP boosted its stake in JFrog by 85,066.4% in the 1st quarter. First Trust Advisors LP now owns 3,362,370 shares of the company's stock worth $157,796,000 after purchasing an additional 3,358,422 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its stake in JFrog by 30.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,683,153 shares of the company's stock worth $167,590,000 after purchasing an additional 633,231 shares during the period. 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: Royal Bank of Canada reaffirmed its Outperform rating and set a $118 price target, implying approximately 28% upside from recent levels.
• Positive Sentiment: Needham reaffirmed its Buy rating and assigned a $115 target, representing roughly 25% potential upside.
• Positive Sentiment: JFrog announced expanded security and compliance capabilities for AI-era software development, including zero-touch remediation, continuous compliance through its DevGovOps offering, and security integrations designed to strengthen its software supply-chain platform. JFrog Introduces Zero-Touch Remediation
• Positive Sentiment: The company partnered with Wiz to address AI-related software supply-chain threats, potentially improving JFrog’s competitive position in application security and creating additional enterprise-sales opportunities. JFrog Partners with Wiz
• Positive Sentiment: JFrog’s latest reported quarter showed 28.7% year-over-year revenue growth to $163.77 million and adjusted EPS of $0.27, beating consensus estimates. Its full-year 2026 guidance and generally bullish analyst coverage provide fundamental support for the stock.
• Neutral Sentiment: Director Elisa Steele sold 554 shares worth approximately $57,000 under a pre-arranged Rule 10b5-1 plan. The relatively small transaction and planned nature reduce its value as a discretionary signal.
• Negative Sentiment: JFrog CTO Yoav Landman sold approximately 249,300 shares valued at $25.1 million. Although the sale was reportedly made under a 10b5-1 plan and he retained a large stake, its size and repeated insider-selling pattern could weigh on investor sentiment. JFrog CTO Stock Sale
• Negative Sentiment: A critical JFrog Artifactory flaw was reportedly exploited in the wild to forge administrative tokens and potentially gain control of affected environments. The incident raises concerns about customer security, remediation costs and reputational risk for JFrog. Hackers Exploit Critical JFrog Artifactory Flaw

About JFrog

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source