Raymond James Financial Forecasts Strong Price Appreciation for JFrog (NASDAQ:FROG) Stock

Key Points

• Needham & Company LLC has increased JFrog's price target from $46.00 to $55.00, indicating a potential upside of 20.73% from the current price, while maintaining a "buy" rating.
• JFrog reported quarterly earnings of $0.18 EPS, beating analyst estimates and showing a 23.5% year-over-year revenue increase to $127.20 million.
• Recent insider trading includes significant share sales by the director and CRO, collectively amounting to over $2.4 million in stock during recent months.

JFrog (NASDAQ:FROG - Get Free Report) had its target price raised by research analysts at Raymond James Financial from $50.00 to $55.00 in a research note issued to investors on Friday, August 8th, Marketbeat Ratings reports. The brokerage currently has an "outperform" rating on the stock. Raymond James Financial's target price would suggest a potential upside of 24.15% from the stock's current price.

Several other research firms also recently weighed in on FROG. Morgan Stanley raised their price objective on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Cantor Fitzgerald lifted their price objective on shares of JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. KeyCorp lifted their price target on JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Barclays upped their price target on shares of JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $46.87.

JFrog Stock Down 1.3%

NASDAQ FROG traded down $0.58 during midday trading on Friday, hitting $44.30. The company had a trading volume of 201,541 shares, compared to its average volume of 1,096,219. JFrog has a fifty-two week low of $25.93 and a fifty-two week high of $46.64. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of -57.38 and a beta of 1.06. The firm has a fifty day simple moving average of $42.10 and a two-hundred day simple moving average of $38.24.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $122.80 million. During the same period in the previous year, the business earned $0.15 earnings per share. The company'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, equities analysts predict that JFrog will post -0.33 earnings per share for the current year.

Insider Transactions at JFrog

In related news, CRO Tali Notman sold 23,157 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the sale, the executive owned 686,360 shares of the company's stock, valued at approximately $29,623,297.60. This represents a 3.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $41.71, for a total transaction of $1,459,850.00. Following the transaction, the director directly owned 4,239,903 shares of the company's stock, valued at approximately $176,846,354.13. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 308,338 shares of company stock valued at $13,154,150 in the last 90 days. Company insiders own 14.10% of the company's stock.

Institutional Trading of JFrog

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of JFrog by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock valued at $283,903,000 after buying an additional 35,458 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of JFrog by 6.5% during the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock worth $115,933,000 after acquiring an additional 222,635 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of JFrog by 65.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock worth $84,166,000 after buying an additional 1,037,482 shares in the last quarter. Wasatch Advisors LP lifted its position in shares of JFrog by 3.0% during the second quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company's stock worth $112,228,000 after purchasing an additional 74,153 shares in the last quarter. Finally, Champlain Investment Partners LLC raised its holdings in JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after purchasing an additional 797,949 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

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.