JFrog (NASDAQ:FROG) Sets New 1-Year High - Here's Why

Key Points

• JFrog Ltd. (NASDAQ:FROG) reached a new 52-week high of $48.17 during trading, closing at $46.19, with significant trading volume of over 1.5 million shares.
• Multiple analysts have upgraded their price targets for JFrog, with KeyCorp and Raymond James raising targets to $52 and $55, respectively, indicating strong growth expectations.
• Despite achieving positive earnings results, JFrog's stock has seen insider sales, with significant transactions from executives resulting in a 3.26% and 1.19% decrease in their ownership stakes.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.17 and last traded at $46.19, with a volume of 1500413 shares traded. The stock had previously closed at $47.50.

Analyst Ratings Changes

Several brokerages recently issued reports on FROG. Cantor Fitzgerald upped their target price on shares of JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Barclays raised their price target on shares of JFrog from $45.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Stifel Nicolaus upped their price target on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Piper Sandler reiterated a "neutral" rating and issued a $48.00 price objective (up previously from $40.00) on shares of JFrog in a report on Friday, August 8th. Finally, Morgan Stanley lifted their price objective on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $46.87.

JFrog Stock Performance

The stock has a market cap of $5.76 billion, a P/E ratio of -64.12 and a beta of 1.06. The firm has a 50-day moving average price of $43.14 and a 200-day moving average price of $38.93.

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, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $127.20 million for 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 firm's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Buying and Selling at JFrog

In related news, CTO Yoav Landman sold 102,419 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.73, for a total transaction of $5,093,296.87. Following the sale, the chief technology officer owned 6,081,087 shares of the company's stock, valued at $302,412,456.51. The trade was a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frederic Simon sold 50,000 shares of the firm's stock in a transaction that occurred 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 directly owned 4,154,903 shares of the company's stock, valued at $195,737,480.33. This represents a 1.19% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 549,705 shares of company stock valued at $24,867,274. Insiders own 14.10% of the company's stock.

Institutional Investors Weigh In On JFrog

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of 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 in the last quarter. TimesSquare Capital Management LLC raised its holdings in JFrog by 6.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock worth $115,933,000 after acquiring an additional 222,635 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock valued at $84,166,000 after acquiring an additional 1,037,482 shares in the last quarter. Wasatch Advisors LP boosted its stake in JFrog by 3.0% during the 2nd quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company's stock valued at $112,228,000 after purchasing an additional 74,153 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its stake in JFrog by 1,974.0% during the 1st 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. 85.02% of the stock is owned by 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.