JFrog (NASDAQ:FROG) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Key Points

• Robert W. Baird has raised its target price for JFrog (NASDAQ:FROG) from $52 to $58, suggesting a potential upside of 16.79%. The stock currently holds an "outperform" rating.
• JFrog recently reported a quarterly EPS of $0.18, exceeding expectations of $0.16, with a year-over-year revenue increase of 23.5%.
• Insider transactions indicate that key executives have sold significant amounts of stock; for instance, CTO Yoav Landman sold over 102,000 shares valued at approximately $5 million.

JFrog (NASDAQ:FROG - Get Free Report) had its target price boosted by investment analysts at Robert W. Baird from $52.00 to $58.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Robert W. Baird's price objective would suggest a potential upside of 16.79% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Stifel Nicolaus raised their price objective on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. DA Davidson raised their price objective on shares of JFrog from $55.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday. Cowen reaffirmed a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 target price (up from $40.00) on shares of JFrog in a research report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of JFrog from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, JFrog currently has an average rating of "Moderate Buy" and a consensus target price of $49.27.

JFrog Stock Down 0.6%

JFrog stock opened at $49.66 on Thursday. The firm has a market cap of $5.80 billion, a PE ratio of -64.49 and a beta of 1.07. JFrog has a 52-week low of $27.00 and a 52-week high of $50.98. The company's 50 day moving average is $44.14 and its two-hundred day moving average is $39.46.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the business earned $0.15 EPS. The company's 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. On average, equities research analysts anticipate that JFrog will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other JFrog news, CTO Yoav Landman sold 102,419 shares of the firm's stock in a transaction on 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 transaction, the chief technology officer directly owned 6,081,087 shares of the company's stock, valued at approximately $302,412,456.51. This trade represents a 1.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Frederic Simon sold 50,000 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was 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 in the company, valued at $195,737,480.33. The trade was a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 493,748 shares of company stock valued at $23,033,161. Insiders own 14.10% of the company's stock.

Institutional Trading of JFrog

Several hedge funds and other institutional investors have recently made changes to their positions in FROG. Northern Trust Corp boosted its holdings in shares of JFrog by 79.0% in the fourth quarter. Northern Trust Corp now owns 155,121 shares of the company's stock valued at $4,562,000 after acquiring an additional 68,463 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of JFrog by 29.8% in the fourth quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company's stock valued at $3,766,000 after purchasing an additional 29,372 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of JFrog in the fourth quarter valued at about $212,000. Cetera Investment Advisers acquired a new stake in shares of JFrog in the fourth quarter valued at about $452,000. Finally, Deutsche Bank AG lifted its stake in shares of JFrog by 10.6% in the fourth quarter. Deutsche Bank AG now owns 158,807 shares of the company's stock valued at $4,671,000 after purchasing an additional 15,239 shares during the period. Hedge funds and other institutional investors own 85.02% of the company's stock.

About JFrog

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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