JFrog (NASDAQ:FROG) Lowered to Hold Rating by Wall Street Zen

Key Points

• JFrog has been downgraded from a "buy" rating to a "hold" rating by investment analysts at Wall Street Zen.
• Despite the downgrade, several other analysts have boosted their price targets for JFrog, indicating a generally positive outlook with a current consensus rating of "Moderate Buy".
• JFrog's recent quarterly earnings surpassed estimates, reporting $0.18 earnings per share and a revenue increase of 23.5% compared to the same quarter last year.

Wall Street Zen cut shares of JFrog (NASDAQ:FROG - Free Report) from a buy rating to a hold rating in a report released on Friday morning.

Other equities research analysts also recently issued research reports about the stock. Cowen reaffirmed a "buy" rating on shares of JFrog in a research note on Friday, August 8th. DA Davidson increased their price target on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, May 9th. Raymond James Financial increased their target price on JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus boosted their price objective on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Barclays raised their target price on shares of JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $47.87.

JFrog Stock Down 1.2%

Shares of FROG stock traded down $0.58 during mid-day trading on Friday, reaching $49.38. The company's stock had a trading volume of 1,097,989 shares, compared to its average volume of 1,140,907. The company's 50 day simple moving average is $43.98 and its 200-day simple moving average is $39.39. JFrog has a 12-month low of $27.00 and a 12-month high of $50.98. The firm has a market capitalization of $5.76 billion, a PE ratio of -64.14 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The firm's revenue was up 23.5% compared to the same quarter last year. During the same period last year, the company posted $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, research analysts anticipate that JFrog will post -0.33 EPS for the current fiscal year.

Insider Activity at JFrog

In related news, CTO Yoav Landman sold 102,419 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $49.73, for a total value of $5,093,296.87. Following the sale, the chief technology officer owned 6,081,087 shares in the company, valued at approximately $302,412,456.51. This represents a 1.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Yvonne Wassenaar sold 1,368 shares of the firm's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $49.00, for a total transaction of $67,032.00. Following the transaction, the director directly owned 32,051 shares in the company, valued at $1,570,499. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,522 shares of company stock worth $20,456,252. Insiders own 14.10% of the company's stock.

Institutional Trading of JFrog

Several hedge funds and other institutional investors have recently modified their holdings of FROG. BNP Paribas Financial Markets purchased a new position in shares of JFrog during the fourth quarter worth approximately $212,000. Raymond James Financial Inc. increased its position in JFrog by 3.2% during the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company's stock valued at $34,308,000 after buying an additional 33,236 shares in the last quarter. Nishkama Capital LLC bought a new position in shares of JFrog during the first quarter valued at $6,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of JFrog by 19.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock valued at $5,457,000 after buying an additional 30,035 shares during the period. Finally, IVC Wealth Advisors LLC bought a new position in JFrog in the first quarter valued at about $220,000. Institutional investors own 85.02% of the company's stock.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.