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

Key Points

• JFrog's stock rating was downgraded from "buy" to "hold" by Wall Street Zen, while other analysts still maintain a generally positive outlook with multiple "buy" ratings.
• The company reported a quarterly earnings per share of $0.18, surpassing estimates, and experienced a 23.5% increase in revenue compared to the previous year.
• Insider activity shows significant share sales by executives, indicating potential shifts in management confidence or corporate strategy as insiders sold over 528,748 shares last quarter.

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

FROG has been the topic of a number of other reports. Canaccord Genuity Group upped their price target on JFrog from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $60.00 price target on shares of JFrog in a research report on Monday, September 15th. Stifel Nicolaus upped their price target on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Piper Sandler reiterated a "neutral" rating and issued a $48.00 price target (up from $40.00) on shares of JFrog in a research report on Friday, August 8th. Finally, Raymond James Financial boosted their price objective on JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $50.25.

JFrog Trading Up 1.1%

NASDAQ FROG traded up $0.54 on Friday, reaching $50.09. The company's stock had a trading volume of 519,946 shares, compared to its average volume of 1,129,962. The firm has a market cap of $5.85 billion, a PE ratio of -65.05 and a beta of 1.07. The business has a 50-day moving average price of $46.16 and a 200 day moving average price of $40.59. JFrog has a 52 week low of $27.00 and a 52 week high of $51.94.

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

Insider Activity

In other JFrog news, Director Frederic Simon sold 50,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $47.11, for a total value of $2,355,500.00. Following the transaction, the director owned 4,154,903 shares of the company's stock, valued at approximately $195,737,480.33. This represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 102,419 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.73, for a total value of $5,093,296.87. Following the completion of the transaction, the chief technology officer directly owned 6,081,087 shares in the company, valued at $302,412,456.51. The trade was a 1.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 528,748 shares of company stock valued at $24,783,511. 14.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JFrog

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its stake in JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after buying an additional 597 shares during the period. PNC Financial Services Group Inc. lifted its stake in JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after buying an additional 329 shares during the period. Tower Research Capital LLC TRC lifted its stake in JFrog by 7,185.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company's stock valued at $131,000 after buying an additional 2,946 shares during the period. Elevation Point Wealth Partners LLC acquired a new position in JFrog in the second quarter valued at about $136,000. Finally, Bayforest Capital Ltd acquired a new stake in shares of JFrog during the first quarter worth about $104,000. Institutional investors and hedge funds own 85.02% of the company's stock.

About JFrog

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.

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