JFrog (NASDAQ:FROG) Price Target Raised to $60.00

Key Points

• DA Davidson has raised its price target for JFrog from $55.00 to $60.00, indicating a potential upside of 20.12% from the stock's previous close.
• The stock currently holds a "Moderate Buy" average rating from analysts, with fourteen ratings for "Buy" and two for "Hold".
• CEO Ben Haim Shlomi and Director Frederic Simon recently sold a significant number of shares, indicating some insider selling activity within the company.

JFrog (NASDAQ:FROG - Free Report) had its price objective raised by DA Davidson from $55.00 to $60.00 in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.

FROG has been the subject of a number of other research reports. Stifel Nicolaus upped their price target on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Raymond James Financial upped their price target on JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Barclays upped their price target on JFrog from $45.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Cantor Fitzgerald upped their price target on JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Finally, Cowen reaffirmed a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $49.60.

JFrog Stock Performance

Shares of NASDAQ:FROG traded up $0.01 during trading on Wednesday, reaching $49.95. 508,373 shares of the stock were exchanged, compared to its average volume of 1,136,596. JFrog has a 12-month low of $27.00 and a 12-month high of $50.98. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of -64.85 and a beta of 1.06. The firm's 50-day moving average price is $44.46 and its 200 day moving average price is $39.66.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million during the quarter, compared to analysts' expectations 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 quarter in the previous year, the business earned $0.15 EPS. 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 research analysts forecast that JFrog will post -0.33 EPS for the current year.

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 38,159 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $50.32, for a total value of $1,920,160.88. Following the completion of the transaction, the chief executive officer owned 4,899,512 shares of the company's stock, valued at approximately $246,543,443.84. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Yoav Landman sold 102,419 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.73, for a total value of $5,093,296.87. Following the transaction, the chief technology officer directly owned 6,081,087 shares of the company's stock, valued at $302,412,456.51. This represents a 1.66% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 528,748 shares of company stock valued at $24,783,511. 14.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in shares of JFrog during the fourth quarter valued at $212,000. Raymond James Financial Inc. lifted its stake in JFrog by 3.2% in the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company's stock worth $34,308,000 after acquiring an additional 33,236 shares in the last quarter. Nishkama Capital LLC purchased a new stake in JFrog in the 1st quarter worth about $6,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of JFrog by 19.3% during 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 worth $5,457,000 after purchasing an additional 30,035 shares in the last quarter. Finally, IVC Wealth Advisors LLC purchased a new stake in shares of JFrog during the 1st quarter worth about $220,000. 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.