JFrog (NASDAQ:FROG) Price Target Raised to $55.00 at Canaccord Genuity Group

Key Points

• JFrog's target price has been raised from $52.00 to $55.00 by Canaccord Genuity Group, indicating a potential upside of 10.75% from the stock's previous close.
• JFrog reported an earnings per share (EPS) of $0.18, exceeding analyst expectations, and had a revenue growth of 23.5% year-over-year for the recent quarter.
• Insider sales included significant transactions by CEO Ben Haim Shlomi and CTO Yoav Landman, with insiders selling a total of 493,748 shares valued at over $23 million in the last three months.

JFrog (NASDAQ:FROG - Free Report) had its target price raised by Canaccord Genuity Group from $52.00 to $55.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently commented on FROG. KeyCorp raised their price objective on shares of JFrog from $46.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Piper Sandler reaffirmed a "neutral" rating and set a $48.00 price objective (up from $40.00) on shares of JFrog in a report on Friday, August 8th. Stifel Nicolaus raised their price objective on shares of JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Robert W. Baird set a $47.00 price objective on shares of JFrog and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of JFrog in a report on Wednesday. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, JFrog currently has a consensus rating of "Moderate Buy" and an average target price of $49.60.

JFrog Stock Up 0.1%

JFrog stock traded up $0.05 during mid-day trading on Thursday, reaching $49.94. The company had a trading volume of 663,800 shares, compared to its average volume of 1,457,176. JFrog has a 52 week low of $27.00 and a 52 week high of $50.98. The company has a 50 day moving average of $44.46 and a 200-day moving average of $39.65. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of -64.86 and a beta of 1.07.

JFrog (NASDAQ:FROG - Get Free Report) last issued 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 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 the consensus estimate of $122.80 million. During the same period in the prior year, the firm earned $0.15 EPS. The business's revenue was up 23.5% on a year-over-year basis. 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 predict that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In related news, CFO Eduard Grabscheid sold 4,908 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $47.29, for a total transaction of $232,099.32. Following the completion of the sale, the chief financial officer owned 136,165 shares in the company, valued at $6,439,242.85. This trade represents a 3.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CRO Tali Notman sold 13,067 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $50.26, for a total transaction of $656,747.42. Following the completion of the sale, the executive owned 658,842 shares of the company's stock, valued at $33,113,398.92. The trade was a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 528,748 shares of company stock worth $24,783,511 over the last ninety days. Company insiders own 14.10% of the company's stock.

Institutional Investors Weigh In On JFrog

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets acquired a new stake in JFrog in the 4th quarter valued at about $212,000. Raymond James Financial Inc. increased its position in JFrog by 3.2% in the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company's stock valued at $34,308,000 after acquiring an additional 33,236 shares in the last quarter. Nishkama Capital LLC acquired a new stake in JFrog in the 1st quarter valued at about $6,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in JFrog by 19.3% in the 4th 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 acquiring an additional 30,035 shares in the last quarter. Finally, IVC Wealth Advisors LLC acquired a new stake in JFrog in the 1st quarter valued at about $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.