JFrog (NASDAQ:FROG) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• JFrog's stock has been assigned a "sell (D-)" rating by Weiss Ratings, indicating a negative outlook from analysts.
• Despite the downgrade, the consensus among analysts is a "Moderate Buy" rating with an average price target of $51.69, as many firms continue to maintain or raise their target prices for the stock.
• JFrog reported strong quarterly earnings, beating consensus estimates, with revenues up 23.5% year-over-year, although it still faces scrutiny from investors and analysts.

JFrog (NASDAQ:FROG - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

FROG has been the subject of several other research reports. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 target price on shares of JFrog in a research report on Wednesday, September 10th. Morgan Stanley lifted their target price on JFrog from $50.00 to $65.00 and gave the stock an "overweight" rating in a research report on Monday. Piper Sandler reiterated a "neutral" rating and issued a $48.00 target price (up previously from $40.00) on shares of JFrog in a research report on Friday, August 8th. KeyCorp lifted their target price on JFrog from $52.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Finally, Cowen reiterated a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Fifteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $51.69.

JFrog Stock Up 1.2%

FROG stock opened at $48.08 on Wednesday. JFrog has a 52-week low of $27.00 and a 52-week high of $51.94. The stock's 50 day moving average is $47.03 and its two-hundred day moving average is $41.38. The company has a market capitalization of $5.61 billion, a PE ratio of -62.44 and a beta of 1.05.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $127.20 million for the quarter, compared to the consensus estimate of $122.80 million. During the same period in the previous year, the business earned $0.15 EPS. JFrog's revenue for the quarter 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. As a group, sell-side analysts anticipate that JFrog will post -0.33 EPS for the current year.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 50,000 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the completion of the transaction, the director owned 4,154,903 shares in the company, valued at approximately $195,737,480.33. The trade was a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Yoav Landman sold 102,419 shares of the business's 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 transaction, the chief technology officer owned 6,081,087 shares of the company's stock, valued at $302,412,456.51. This trade represents a 1.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 430,120 shares of company stock worth $20,654,627. Insiders own 14.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC raised its position in JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after acquiring an additional 597 shares in the last quarter. PNC Financial Services Group Inc. raised its position in JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after acquiring an additional 329 shares in the last quarter. Bayforest Capital Ltd bought a new stake in JFrog in the first quarter worth about $104,000. Smartleaf Asset Management LLC raised its position in JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after acquiring an additional 800 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in JFrog in the first quarter worth about $128,000. 85.02% of the stock is owned by institutional investors and hedge funds.

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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