Robert W. Baird Issues Positive Forecast for JFrog (NASDAQ:FROG) Stock Price

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 - Free Report) had its price target boosted by Robert W. Baird from $52.00 to $58.00 in a research note released on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Several other brokerages have also recently commented on FROG. Cantor Fitzgerald raised their target price on shares of JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Canaccord Genuity Group raised their price objective on shares of JFrog from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. 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 research report on Friday, August 8th. Cowen reaffirmed a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Finally, Wall Street Zen lowered shares of JFrog from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.93.

JFrog Stock Down 2.3%

JFrog stock traded down $1.15 during trading hours on Thursday, hitting $48.22. 827,722 shares of the company traded hands, compared to its average volume of 1,140,110. The firm has a market cap of $5.63 billion, a P/E ratio of -62.55 and a beta of 1.07. The firm's 50-day simple moving average is $44.60 and its two-hundred day simple moving average is $39.75. JFrog has a 1-year low of $27.00 and a 1-year high of $50.98.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating 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 company had revenue of $127.20 million during the quarter, compared to analyst estimates of $122.80 million. During the same quarter last year, the firm posted $0.15 EPS. The business's revenue for the quarter 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 predict that JFrog will post -0.33 earnings per share for the current year.

Insider Buying and Selling

In related news, CTO Yoav Landman sold 102,419 shares of the business'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 owned 6,081,087 shares of the company's stock, valued at approximately $302,412,456.51. The trade was a 1.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 38,159 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $50.32, for a total transaction of $1,920,160.88. Following the completion of the sale, the chief executive officer directly owned 4,899,512 shares in the company, valued at $246,543,443.84. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 528,748 shares of company stock valued at $24,783,511. 14.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently made changes to their positions in FROG. Snowden Capital Advisors LLC lifted its position in JFrog by 1.7% during the 2nd quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company's stock worth $666,000 after buying an additional 253 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after buying an additional 329 shares in the last quarter. Park Avenue Securities LLC lifted its position in JFrog by 4.6% during the 2nd quarter. Park Avenue Securities LLC now owns 9,155 shares of the company's stock worth $402,000 after buying an additional 405 shares in the last quarter. California State Teachers Retirement System lifted its position in JFrog by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 80,898 shares of the company's stock valued at $2,379,000 after purchasing an additional 439 shares during the period. Finally, Verdence Capital Advisors LLC lifted its position in JFrog by 5.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 9,386 shares of the company's stock valued at $412,000 after purchasing an additional 517 shares during the period. Institutional investors and hedge funds 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.