KeyCorp Forecasts Strong Price Appreciation for JFrog (NASDAQ:FROG) Stock

Key Points

• KeyCorp raised its price target for JFrog (NASDAQ:FROG) from $52.00 to $57.00, suggesting a potential upside of 14.25% from the stock's previous close.
• The latest quarterly earnings report showed JFrog exceeded expectations with $0.18 EPS on revenue of $127.20 million, reflecting a 23.5% increase year-over-year.
• Institutional investors control approximately 85.02% of JFrog's stock, with notable increases in holdings from firms like Northern Trust Corp and Ameriprise Financial.

JFrog (NASDAQ:FROG - Get Free Report) had its price objective lifted by analysts at KeyCorp from $52.00 to $57.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. KeyCorp's price objective indicates a potential upside of 14.25% from the stock's previous close.

Other equities analysts have also recently issued research reports about the stock. Canaccord Genuity Group lifted their price objective on shares of JFrog from $52.00 to $55.00 and gave the stock a "buy" rating in a research note on Thursday. Barclays lifted their price objective on shares of JFrog from $45.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Raymond James Financial lifted their price objective on shares of JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price target on shares of JFrog in a research note on Wednesday. Finally, Wall Street Zen cut JFrog from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $49.60.

JFrog Trading Up 0.5%

Shares of JFrog stock opened at $49.89 on Friday. The company's 50-day moving average price is $44.30 and its two-hundred day moving average price is $39.54. JFrog has a 52 week low of $27.00 and a 52 week high of $50.98. The stock has a market cap of $5.82 billion, a PE ratio of -64.79 and a beta of 1.07.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The company had revenue of $127.20 million for 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%. The business's revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. 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 predict that JFrog will post -0.33 EPS for the current fiscal year.

Insider Activity

In other JFrog news, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $50.01, for a total transaction of $1,750,350.00. Following the completion of the sale, the director directly owned 4,119,903 shares in the company, valued at approximately $206,036,349.03. This trade represents a 0.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Yvonne Wassenaar sold 1,368 shares of the firm's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $49.00, for a total value of $67,032.00. Following the sale, the director owned 32,051 shares of the company's stock, valued at $1,570,499. The trade was a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 528,748 shares of company stock worth $24,783,511. Corporate insiders own 14.10% of the company's stock.

Institutional Trading of JFrog

Several institutional investors have recently made changes to their positions in FROG. Northern Trust Corp boosted 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 worth $4,562,000 after purchasing an additional 68,463 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of JFrog by 29.8% during the fourth quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company's stock worth $3,766,000 after purchasing an additional 29,372 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of JFrog during the fourth quarter worth approximately $212,000. Cetera Investment Advisers acquired a new stake in shares of JFrog during the 4th quarter valued at about $452,000. Finally, Deutsche Bank AG lifted its holdings in shares of JFrog by 10.6% during the 4th quarter. Deutsche Bank AG now owns 158,807 shares of the company's stock valued at $4,671,000 after buying an additional 15,239 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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