JFrog (NASDAQ:FROG) Sets New 1-Year High - Time to Buy?

Key Points

• JFrog Ltd. shares reached a new 52-week high of $50.76, with a last trading price of $50.42 and significant trading volume of 239,910 shares.
• Wall Street analysts have a consensus rating of "Moderate Buy" for JFrog, with fourteen analysts rating it a Buy and a target price averaging $46.87, following positive earnings results and raised guidance.
• Insider transactions showed a recent sale of nearly 34,000 shares by key executives, indicating a slight decrease in ownership, while institutional investors hold 85.02% of the company's stock.

Shares of JFrog Ltd. (NASDAQ:FROG - Get Free Report) hit a new 52-week high during trading on Monday . The company traded as high as $50.76 and last traded at $50.42, with a volume of 239910 shares trading hands. The stock had previously closed at $50.06.

Wall Street Analyst Weigh In

A number of analysts have commented on FROG shares. Cantor Fitzgerald boosted their price target on shares of JFrog from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Raymond James Financial boosted their price target on shares of JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a research note on Saturday. Barclays boosted their price target 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. Finally, Piper Sandler restated a "neutral" rating and set a $48.00 price target (up previously from $40.00) on shares of JFrog in a research note on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $49.60.

JFrog Stock Performance

The stock has a market cap of $5.83 billion, a P/E ratio of -64.86 and a beta of 1.07. The company's 50 day moving average price is $44.46 and its 200-day moving average price is $39.63.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results 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 net margin of 18.18% and a negative return on equity of 7.54%. The firm had revenue of $127.20 million during the quarter, compared to analyst estimates of $122.80 million. During the same quarter in the prior year, the business posted $0.15 EPS. 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. On average, analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Activity at JFrog

In related news, Director Frederic Simon sold 50,000 shares of the stock in a transaction dated Friday, August 22nd. The shares were 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. This represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 38,159 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $50.32, for a total transaction of $1,920,160.88. Following the transaction, the chief executive officer owned 4,899,512 shares of the company's stock, valued at approximately $246,543,443.84. The trade was a 0.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 528,748 shares of company stock worth $24,783,511. 14.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On JFrog

Several institutional investors have recently added to or reduced their stakes in FROG. Northern Trust Corp grew its position in JFrog by 79.0% during the fourth quarter. Northern Trust Corp now owns 155,121 shares of the company's stock valued at $4,562,000 after buying an additional 68,463 shares during the period. Ameriprise Financial Inc. lifted its holdings in JFrog by 29.8% during the fourth quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company's stock valued at $3,766,000 after purchasing an additional 29,372 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in JFrog during the fourth quarter valued at about $212,000. Cetera Investment Advisers purchased a new stake in JFrog during the fourth quarter valued at about $452,000. Finally, Deutsche Bank AG lifted its holdings in JFrog by 10.6% during the fourth quarter. Deutsche Bank AG now owns 158,807 shares of the company's stock valued at $4,671,000 after purchasing an additional 15,239 shares during the last quarter. 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.