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

Key Points

• JFrog Ltd. (NASDAQ:FROG) shares reached a new 52-week high of $51.19 during trading, closing at $50.57 with a trading volume of 350,141 shares.
• Analysts have recently upgraded JFrog's ratings, with a consensus of fourteen "Buy" ratings and a target price increase to $55.00, reflecting positive market sentiment.
• The company reported a quarterly revenue of $127.20 million, exceeding analyst estimates, and set its FY 2025 EPS guidance between 0.680-0.70.

JFrog Ltd. (NASDAQ:FROG - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $51.19 and last traded at $50.57, with a volume of 350141 shares. The stock had previously closed at $50.19.

Analysts Set New Price Targets

FROG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Cowen reiterated a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price objective on shares of JFrog in a report on Wednesday, September 10th. Raymond James Financial increased their target price on JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Barclays lifted their target price on shares of JFrog from $45.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $49.93.

JFrog Stock Up 0.0%

The firm's 50-day moving average is $45.43 and its 200-day moving average is $40.23. The company has a market cap of $5.86 billion, a PE ratio of -65.19 and a beta of 1.06.

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, topping the consensus estimate 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 business had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. JFrog'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, equities research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at JFrog

In related news, Director Yvonne Wassenaar sold 1,368 shares of the business's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.00, for a total transaction of $67,032.00. Following the sale, the director owned 32,051 shares of the company's stock, valued at $1,570,499. The trade was a 4.09% 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 35,000 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $50.01, for a total transaction of $1,750,350.00. Following the sale, the director directly owned 4,119,903 shares in the company, valued at $206,036,349.03. The trade was a 0.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 528,748 shares of company stock valued at $24,783,511 over the last three months. 14.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FROG. Signaturefd LLC lifted its stake in shares of JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after buying an additional 597 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after purchasing an additional 329 shares during the period. Bayforest Capital Ltd bought a new position in JFrog during the first quarter valued at approximately $104,000. Smartleaf Asset Management LLC increased its holdings in JFrog by 26.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock valued at $123,000 after buying an additional 800 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in JFrog during the first quarter valued at approximately $128,000. 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.

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