JFrog (NASDAQ:FROG) Hits New 1-Year High - Should You 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.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Cowen reissued a "buy" rating on shares of JFrog in a report on Friday, August 8th. Stifel Nicolaus raised their price target on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. Robert W. Baird set a $47.00 price target on JFrog and gave the company an "outperform" rating in a report on Monday, August 4th. Raymond James Financial raised their price target on JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Barclays increased their price objective on JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.87.

JFrog Stock Performance

The firm has a market capitalization of $5.85 billion, a P/E ratio of -65.10 and a beta of 1.06. The company has a 50-day moving average price of $43.70 and a 200-day moving average price of $39.23.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm 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 company's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the previous 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. Equities analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Transactions at JFrog

In related news, CFO Eduard Grabscheid sold 4,908 shares of JFrog stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $47.29, for a total value of $232,099.32. Following the sale, the chief financial officer owned 136,165 shares of the company's stock, valued at approximately $6,439,242.85. The trade was a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 29,101 shares of JFrog stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $47.78, for a total value of $1,390,445.78. Following the completion of the sale, the chief executive officer directly owned 4,937,311 shares in the company, valued at approximately $235,904,719.58. This represents a 0.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 442,522 shares of company stock worth $20,456,252. 14.10% of the stock is currently owned by company insiders.

Institutional Trading of JFrog

Hedge funds and other institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets bought a new stake in JFrog in the fourth quarter valued at approximately $212,000. Raymond James Financial Inc. raised its stake in JFrog by 3.2% in the first 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 during the period. Nishkama Capital LLC bought a new stake in JFrog in the first quarter valued at approximately $6,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in JFrog by 19.3% in the fourth 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 stake in JFrog in the first quarter valued at approximately $220,000. Institutional investors and hedge funds 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.

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