JFrog (NASDAQ:FROG) Stock Price Expected to Rise, TD Cowen Analyst Says

Key Points

• TD Cowen has increased its target price for JFrog stock from $55.00 to $58.00, indicating a potential upside of 24.24% from its previous close and maintaining a "buy" rating.
• While TD Cowen remains optimistic, other brokerages such as Wall Street Zen have downgraded JFrog to a "hold" rating, suggesting mixed sentiment among analysts.
• JFrog reported a 23.5% increase in revenue compared to the previous year, with an earnings per share (EPS) of $0.18, surpassing analysts' expectations of $0.16.

JFrog (NASDAQ:FROG - Get Free Report) had its target price lifted by TD Cowen from $55.00 to $58.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. TD Cowen's price target would suggest a potential upside of 24.24% from the company's previous close.

A number of other brokerages have also weighed in on FROG. Wall Street Zen lowered JFrog from a "buy" rating to a "hold" rating in a research note on Friday, September 26th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $60.00 target price on shares of JFrog in a report on Monday, September 15th. Canaccord Genuity Group upped their price objective on shares of JFrog from $52.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, September 11th. Raymond James Financial upped their price objective on shares of JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Robert W. Baird increased their price target on JFrog from $52.00 to $58.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Fifteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and a consensus price target of $53.13.

JFrog Price Performance

JFrog stock traded up $0.01 during trading hours on Friday, reaching $46.69. The stock had a trading volume of 44,694 shares, compared to its average volume of 1,110,026. The company has a market cap of $5.45 billion, a price-to-earnings ratio of -60.58 and a beta of 1.05. The business's 50 day moving average price is $47.62 and its 200-day moving average price is $41.94. JFrog has a 52 week low of $27.00 and a 52 week high of $51.94.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The company had revenue of $127.20 million during the quarter, compared to analysts' expectations of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. JFrog's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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, sell-side analysts forecast that JFrog will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Yoav Landman sold 102,419 shares of the company'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 completion of the transaction, the chief technology officer owned 6,081,087 shares in the company, valued at $302,412,456.51. This represents a 1.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $2,355,500.00. Following the completion of the transaction, the director owned 4,154,903 shares in the company, valued at approximately $195,737,480.33. This trade represents a 1.19% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 480,120 shares of company stock worth $23,018,027 in the last 90 days. Insiders own 14.10% of the company's stock.

Institutional Trading of JFrog

Several large investors have recently bought and sold shares of FROG. Raymond James Financial Inc. raised its holdings in shares of JFrog by 3.2% during the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company's stock worth $34,308,000 after acquiring an additional 33,236 shares during the period. Nishkama Capital LLC acquired a new stake in JFrog during the first quarter worth $6,561,000. T. Rowe Price Investment Management Inc. increased its stake in JFrog by 65.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock worth $84,166,000 after acquiring an additional 1,037,482 shares during the last quarter. Malaga Cove Capital LLC acquired a new stake in JFrog during the first quarter worth $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in JFrog by 14.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 605,721 shares of the company's stock worth $19,383,000 after acquiring an additional 77,461 shares during the last quarter. Hedge funds and other 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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