JFrog (NASDAQ:FROG) Given Buy Rating at Needham & Company LLC

Key Points

• JFrog's stock retains a "buy" rating from Needham & Company LLC with a price target of $55.00, indicating a potential upside of 9.52% from its previous close.
• Other analysts have mixed views, with Wall Street Zen downgrading JFrog from "buy" to "hold," while DA Davidson raised the price target to $60.00 with a "buy" rating.
• JFrog recently reported a quarterly earnings beat, posting $0.18 EPS and revenue growth of 23.5% year-over-year, surpassing expectations.

Needham & Company LLC reissued their buy rating on shares of JFrog (NASDAQ:FROG - Free Report) in a research report report published on Wednesday,Benzinga reports. Needham & Company LLC currently has a $55.00 target price on the stock.

FROG has been the topic of several other research reports. Cowen restated a "buy" rating on shares of JFrog in a report on Friday, August 8th. Piper Sandler reissued a "neutral" rating and issued a $48.00 target price (up previously from $40.00) on shares of JFrog in a research note on Friday, August 8th. Wall Street Zen cut JFrog from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Barclays boosted their price objective on shares of JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, 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 research report on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, JFrog has an average rating of "Moderate Buy" and an average price target of $49.60.

JFrog Stock Performance

FROG stock traded up $0.07 during trading on Wednesday, hitting $50.01. 533,986 shares of the company's stock traded hands, compared to its average volume of 1,136,742. JFrog has a 52 week low of $27.00 and a 52 week high of $50.98. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of -64.82 and a beta of 1.06. The business has a fifty day simple moving average of $44.46 and a 200 day simple moving average of $39.66.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly 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. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The firm had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. During the same quarter last year, the firm earned $0.15 EPS. The firm's revenue for the quarter was up 23.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Research analysts forecast that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 38,159 shares of JFrog stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $50.32, for a total value of $1,920,160.88. Following the transaction, the chief executive officer owned 4,899,512 shares in the company, valued at $246,543,443.84. The trade was a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Yoav Landman sold 102,419 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was 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. This trade represents a 1.66% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 528,748 shares of company stock worth $24,783,511. 14.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On JFrog

Several institutional investors have recently added to or reduced their stakes in the business. Northern Trust Corp increased its holdings in shares of JFrog by 79.0% during 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. grew its stake in JFrog by 29.8% during the 4th 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 last quarter. BNP Paribas Financial Markets purchased a new stake in JFrog during the 4th quarter valued at about $212,000. Cetera Investment Advisers acquired a new position in shares of JFrog in the fourth quarter valued at about $452,000. Finally, Deutsche Bank AG raised 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 worth $4,671,000 after purchasing an additional 15,239 shares during the last quarter. 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.