JFrog (NASDAQ:FROG) Shares Up 4.6% - Time to Buy?

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.

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

Wall Street Analysts Forecast Growth

FROG has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. Morgan Stanley boosted their price target on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Cowen reissued a "buy" rating on shares of JFrog in a report on Friday, August 8th. Barclays boosted their price target on JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Cantor Fitzgerald boosted their price target on JFrog from $46.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $46.87.

JFrog Stock Performance

The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of -58.10 and a beta of 1.06. The company has a 50 day moving average price of $42.15 and a two-hundred day moving average price of $38.29.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The firm had revenue of $127.20 million during the quarter, compared to analysts' expectations of $122.80 million. During the same period in the previous year, the business earned $0.15 earnings per share. The firm'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 analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Transactions 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 stock was 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 in the company, valued at approximately $176,846,354.13. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 30,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $43.96, for a total value of $1,318,800.00. Following the sale, the chief technology officer owned 6,271,086 shares of the company's stock, valued at $275,676,940.56. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 308,338 shares of company stock valued at $13,154,150 over the last ninety days. Company insiders own 14.10% of the company's stock.

Institutional Trading of JFrog

Several large investors have recently made changes to their positions in FROG. BNP Paribas Financial Markets purchased a new stake in JFrog in the 4th quarter valued at $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in JFrog by 19.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock valued at $5,457,000 after buying an additional 30,035 shares in the last quarter. IVC Wealth Advisors LLC purchased a new stake in JFrog in the 1st quarter valued at $220,000. Bank of Montreal Can purchased a new stake in JFrog in the 4th quarter valued at $405,000. Finally, Malaga Cove Capital LLC purchased a new stake in JFrog in the 1st quarter valued at $413,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.