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

Key Points

• JFrog has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating growing confidence in the company's future performance.
• Several research firms, including Cantor Fitzgerald and Barclays, have increased their price targets for JFrog, with the average target now at $49.60.
• JFrog reported a 23.5% year-over-year revenue growth for the last quarter, with EPS of $0.18, surpassing analyst estimates.

Wall Street Zen upgraded shares of JFrog (NASDAQ:FROG - Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.

Other equities research analysts have also recently issued research reports about the company. KeyCorp increased their price target on JFrog from $52.00 to $57.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Barclays increased their price target on JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Piper Sandler restated a "neutral" rating and set a $48.00 target price (up previously from $40.00) on shares of JFrog in a research report on Friday, August 8th. Canaccord Genuity Group upped their target price on JFrog from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Finally, Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of JFrog in a research report on Wednesday, September 10th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, JFrog has an average rating of "Moderate Buy" and a consensus target price of $49.93.

JFrog Trading Up 4.3%

FROG traded up $2.05 on Friday, reaching $50.01. The stock had a trading volume of 1,034,996 shares, compared to its average volume of 1,452,044. JFrog has a fifty-two week low of $27.00 and a fifty-two week high of $50.98. The firm has a 50-day moving average of $45.03 and a 200-day moving average of $39.96. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of -64.95 and a beta of 1.07.

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. The firm had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The business's revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $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. Sell-side analysts anticipate that JFrog will post -0.33 EPS for the current fiscal year.

Insider Activity at JFrog

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

Institutional Trading of JFrog

A number of institutional investors and hedge funds have recently modified their holdings of FROG. Vanguard Group Inc. increased its position in JFrog by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock worth $283,903,000 after buying an additional 35,458 shares during the last quarter. TimesSquare Capital Management LLC increased its position in JFrog by 6.5% in the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock worth $115,933,000 after buying an additional 222,635 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in 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 worth $84,166,000 after buying an additional 1,037,482 shares during the last quarter. Wasatch Advisors LP increased its position in JFrog by 3.0% in the second quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company's stock worth $112,228,000 after buying an additional 74,153 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in JFrog by 1,974.0% in the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company's stock worth $68,832,000 after buying an additional 2,047,294 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.