JFrog (NASDAQ:FROG) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan raised JFrog’s price target from $100 to $115 and maintained an “overweight” rating, implying 28.73% upside from the prior close. The analyst move follows a broader positive consensus, with 21 Buy ratings and a $103.90 average target.
• JFrog exceeded quarterly expectations, reporting adjusted EPS of $0.27 versus $0.24 expected and revenue of $163.77 million, up 28.7% year over year. Cloud revenue grew 53% to $87.5 million, and the company raised its fiscal 2026 revenue and EPS guidance.
• Shares rose 7.6% to $89.33, but investors should note that JFrog still has a negative net margin and return on equity. Insiders sold roughly $76.3 million of stock over the past three months, with no purchases reported.

JFrog (NASDAQ:FROG - Get Free Report) had its target price increased by stock analysts at JPMorgan Chase & Co. from $100.00 to $115.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 28.73% from the stock's previous close.

FROG has been the subject of several other research reports. DA Davidson set a $115.00 target price on JFrog in a research report on Friday. Oppenheimer upped their price target on JFrog from $105.00 to $115.00 and gave the company an "outperform" rating in a research report on Friday. TD Cowen restated a "buy" rating on shares of JFrog in a research report on Friday. Truist Financial lifted their target price on JFrog from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Friday. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of JFrog in a report on Friday, July 17th. Twenty-one investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.90.

JFrog Stock Up 7.6%

Shares of FROG stock traded up $6.29 during trading hours on Friday, reaching $89.33. 1,886,355 shares of the stock traded hands, compared to its average volume of 3,015,771. The firm has a market capitalization of $10.82 billion, a PE ratio of -167.87 and a beta of 1.22. JFrog has a 1-year low of $34.05 and a 1-year high of $99.22. The business has a fifty day moving average price of $84.96 and a 200 day moving average price of $62.93.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.27 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. The firm had revenue of $163.77 million during the quarter, compared to analyst estimates of $155.63 million. During the same quarter last year, the business posted $0.18 EPS. The company's 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 expect that JFrog will post -0.15 earnings per share for the current fiscal year.

Insider Activity at JFrog

In related news, Director Barry Zwarenstein sold 1,250 shares of the company's stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $80.10, for a total value of $100,125.00. Following the sale, the director owned 31,687 shares of the company's stock, valued at $2,538,128.70. The trade was a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Tali Notman sold 22,015 shares of the company's stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $83.95, for a total value of $1,848,159.25. Following the completion of the sale, the executive owned 706,629 shares in the company, valued at approximately $59,321,504.55. This represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 938,649 shares of company stock worth $76,347,827 in the last three months. Company insiders own 11.80% of the company's stock.

Institutional Trading of JFrog

A number of hedge funds and other institutional investors have recently made changes to their positions in FROG. Blue Trust Inc. acquired a new position in JFrog during the 4th quarter worth about $30,000. Millstone Evans Group LLC raised its stake in shares of JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company's stock worth $28,000 after acquiring an additional 427 shares during the last quarter. Farther Finance Advisors LLC lifted 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 purchasing an additional 478 shares in the last quarter. Western Wealth Management LLC acquired a new position in shares of JFrog during the first quarter worth approximately $30,000. Finally, Employees Retirement System of Texas bought a new stake in shares of JFrog during the fourth quarter valued at approximately $44,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting JFrog

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Quarterly results exceeded expectations: JFrog reported adjusted EPS of $0.27 versus the $0.24 consensus estimate, while revenue rose 28.7% year over year to $163.77 million, above expectations of $155.63 million. EPS also increased from $0.18 in the prior-year quarter. JFrog Ltd. Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Cloud momentum and customer expansion improved: Cloud revenue reached $87.5 million, up 53% year over year, while JFrog reported 97 customers generating more than $1 million in annual recurring revenue and 121% net dollar retention. JFrog Stock Jumps as Q2 Results Top Guidance
• Positive Sentiment: Guidance was raised above analyst expectations: Fiscal 2026 revenue is now projected at $648 million-$652 million and adjusted EPS at $0.96-$1.00, compared with consensus estimates of $632.5 million and $0.73, respectively. Third-quarter guidance also topped consensus for both revenue and EPS. JFrog Analyst Coverage
• Positive Sentiment: Analysts raised targets: Oppenheimer lifted its target to $115 and kept an “outperform” rating; BTIG raised its target to $115 with a “buy” rating; and Truist increased its target to $110 with a “buy” rating. Each target implies meaningful upside from recent trading levels.
• Neutral Sentiment: Broader software stocks also moved higher as solid earnings reports eased concerns that artificial intelligence could disrupt software companies, providing an additional sector tailwind for FROG. Stocks That Explain Today’s Market
• Negative Sentiment: JFrog continues to report a negative net margin and negative return on equity. In addition, reported insider activity showed selling but no purchases over the past six months, which may temper investor enthusiasm despite the strong operating outlook.

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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