JFrog (NASDAQ:FROG) Trading Up 4.6% - Here's What Happened

Key Points

• JFrog's stock price increased by 4.6%, trading at $44.70 after reaching a high of $45.35, despite a 76% decline in trading volume compared to its average.
• Analysts have mixed opinions on JFrog, with 15 buy ratings and a consensus target price of $46.87, while Scotiabank lowered their target from $40.00 to $36.00.
• The company reported an earnings per share (EPS) of $0.18, exceeding expectations and showing a 23.5% increase in revenue compared to the same quarter the previous year.

Shares of JFrog Ltd. (NASDAQ:FROG - Get Free Report) traded up 4.6% during mid-day trading on Friday . The company traded as high as $45.35 and last traded at $44.70. 257,733 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,088,303 shares. The stock had previously closed at $42.73.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FROG. Raymond James Financial raised their price objective on shares of JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Cowen reiterated a "buy" rating on shares of JFrog in a research report on Friday, August 8th. KeyCorp lifted their target price on shares of JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Cantor Fitzgerald lifted their target price on shares of JFrog from $46.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Scotiabank decreased their target price on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $46.87.

JFrog Trading Down 0.2%

The stock has a market capitalization of $5.21 billion, a P/E ratio of -57.99 and a beta of 1.06. The firm's fifty day moving average is $42.15 and its 200-day moving average is $38.29.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping 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 company had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. During the same period in the previous year, the firm posted $0.15 earnings per share. 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. Equities research analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Buying and Selling at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total transaction of $1,459,850.00. Following the completion of the sale, the director directly owned 4,239,903 shares of the company's stock, valued at $176,846,354.13. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CRO Tali Notman sold 23,157 shares of the business's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.16, for a total transaction of $999,456.12. Following the sale, the executive directly owned 686,360 shares of the company's stock, valued at approximately $29,623,297.60. This trade represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 308,338 shares of company stock valued at $13,154,150. 14.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in JFrog by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock valued at $283,903,000 after purchasing an additional 35,458 shares during the period. TimesSquare Capital Management LLC grew its holdings in JFrog by 6.5% during the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock valued at $115,933,000 after purchasing an additional 222,635 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings 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 valued at $84,166,000 after purchasing an additional 1,037,482 shares during the period. Wasatch Advisors LP grew its holdings in JFrog by 3.0% during the second quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company's stock valued at $112,228,000 after purchasing an additional 74,153 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in JFrog by 1,974.0% during the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company's stock valued at $68,832,000 after purchasing an additional 2,047,294 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.