JFrog (NASDAQ:FROG) Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded JFrog to “Buy” from “Hold,” while the broader analyst consensus is “Moderate Buy,” with 21 Buy, one Hold and one Sell rating and an average price target of $105.81.
• JFrog reported quarterly EPS of $0.27 versus the $0.24 consensus estimate, while revenue rose 28.7% year over year to $163.77 million, exceeding expectations; the company also issued guidance for the third quarter and full year 2026.
• JFrog shares opened at $96.17, near their 52-week high of $99.22, but insiders sold 761,149 shares worth approximately $65.4 million over the past 90 days. Institutional investors own 85.02% of the company.

JFrog (NASDAQ:FROG - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Several other brokerages have also recently issued reports on FROG. TD Cowen increased their price objective on JFrog from $100.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Barclays reissued an "overweight" rating and set a $110.00 target price on shares of JFrog in a research note on Friday, August 7th. Bank of America upped their price target on JFrog from $85.00 to $100.00 and gave the stock a "buy" rating in a report on Monday, June 8th. UBS Group increased their price target on JFrog from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Raymond James Financial set a $120.00 price target on JFrog in a research report on Friday, August 7th. Twenty-one research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $105.81.

JFrog Stock Up 1.1%

Shares of FROG opened at $96.17 on Friday. JFrog has a fifty-two week low of $34.05 and a fifty-two week high of $99.22. The firm's 50 day moving average price is $85.58 and its 200 day moving average price is $64.30. The company has a market cap of $11.86 billion, a P/E ratio of -259.91 and a beta of 1.22.

JFrog (NASDAQ:FROG - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The company had revenue of $163.77 million for the quarter, compared to analyst estimates of $155.63 million. During the same period in the prior year, the business earned $0.18 EPS. The firm's quarterly revenue was up 28.7% on a year-over-year basis. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. Research analysts forecast that JFrog will post -0.15 earnings per share for the current year.

Insider Activity at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 15,000 shares of the company's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $91.00, for a total value of $1,365,000.00. Following the completion of the transaction, the chief executive officer owned 4,562,237 shares in the company, valued at $415,163,567. This represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry Zwarenstein sold 1,250 shares of the firm's stock in a transaction dated Thursday, July 23rd. The stock was sold at an average price of $80.10, for a total value of $100,125.00. Following the transaction, the director directly owned 31,687 shares in the company, valued at approximately $2,538,128.70. The trade was a 3.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 761,149 shares of company stock valued at $65,402,177 in the last ninety days. 11.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Millstone Evans Group LLC lifted its stake in JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company's stock valued at $28,000 after buying an additional 427 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of JFrog in the first quarter valued at approximately $30,000. Bessemer Group Inc. purchased a new position in shares of JFrog during the first quarter worth approximately $36,000. Farther Finance Advisors LLC grew its position in shares of JFrog by 318.7% during the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company's stock worth $39,000 after acquiring an additional 478 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new position in shares of JFrog during the fourth quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Company Profile

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company's platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog's flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.

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