JFrog (NASDAQ:FROG) Price Target Raised to $55.00 at JPMorgan Chase & Co.

Key Points

• JFrog's target price has been raised to $55.00 by JPMorgan Chase & Co., indicating a potential upside of 9.56% from its current price.
• Multiple analysts share a bullish outlook, with 15 giving it a Buy rating and an average consensus target price of $50.25.
• JFrog reported a 23.5% year-over-year revenue increase for the last quarter, achieving $127.20 million, surpassing analyst expectations.

JFrog (NASDAQ:FROG - Get Free Report) had its target price raised by research analysts at JPMorgan Chase & Co. from $48.00 to $55.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 9.56% from the company's current price.

A number of other research analysts also recently issued reports on the stock. Raymond James Financial boosted their target price on shares of JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. DA Davidson boosted their target price on shares of JFrog from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Cantor Fitzgerald reiterated an "overweight" rating and set a $60.00 target price on shares of JFrog in a research report on Monday, September 15th. Barclays boosted their target price 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 upgraded shares of JFrog from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Fifteen 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, the stock has an average rating of "Moderate Buy" and a consensus target price of $50.25.

JFrog Stock Performance

NASDAQ:FROG opened at $50.20 on Wednesday. The firm's fifty day moving average is $45.63 and its 200-day moving average is $40.30. JFrog has a 52 week low of $27.00 and a 52 week high of $51.19. The firm has a market cap of $5.86 billion, a P/E ratio of -65.19 and a beta of 1.07.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. During the same period in the prior year, the firm posted $0.15 EPS. The company's quarterly 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. As a group, sell-side analysts anticipate that JFrog will post -0.33 earnings per share for the current year.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 50,000 shares of the company's stock in a transaction on 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 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 SEC, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 38,159 shares of the company's stock in a transaction on Monday, September 8th. The stock was 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 in the company, 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 have sold 528,748 shares of company stock worth $24,783,511. Insiders own 14.10% of the company's stock.

Institutional Trading of JFrog

Several institutional investors and hedge funds have recently made changes to their positions in FROG. Alliancebernstein L.P. raised its holdings in shares of JFrog by 1,974.0% in the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company's stock valued at $68,832,000 after purchasing an additional 2,047,294 shares during the last quarter. Eminence Capital LP purchased a new stake in shares of JFrog in the first quarter valued at about $43,268,000. Norges Bank purchased a new stake in shares of JFrog in the second quarter valued at about $50,968,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of JFrog by 65.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock valued at $84,166,000 after purchasing an additional 1,037,482 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of JFrog by 4,233.4% in the second quarter. Marshall Wace LLP now owns 980,179 shares of the company's stock valued at $43,010,000 after purchasing an additional 957,560 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

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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