Morgan Stanley Raises JFrog (NASDAQ:FROG) Price Target to $65.00

Key Points

• Morgan Stanley has raised its price target for JFrog (NASDAQ:FROG) from $50.00 to $65.00, suggesting a potential upside of 36.86% from its previous close.
• The company reported $127.20 million in revenue for the most recent quarter, a 23.5% increase compared to the same quarter last year, and EPS of $0.18, beating estimates.
• Despite the positive outlook from several analysts, JFrog has also received mixed ratings, including a "sell (d-)" from Weiss Ratings and an average rating of "Moderate Buy" from 15 analysts.

JFrog (NASDAQ:FROG - Get Free Report) had its price objective lifted by equities researchers at Morgan Stanley from $50.00 to $65.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Morgan Stanley's target price would suggest a potential upside of 36.86% from the company's previous close.

Several other research firms have also weighed in on FROG. Weiss Ratings restated a "sell (d-)" rating on shares of JFrog in a report on Saturday, September 27th. Raymond James Financial upped their price objective on JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 price objective (up previously from $40.00) on shares of JFrog in a research report on Friday, August 8th. Stifel Nicolaus upped their price objective on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Canaccord Genuity Group upped their price objective on JFrog from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Fifteen investment 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, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $51.69.

JFrog Trading Down 1.2%

NASDAQ:FROG traded down $0.58 during midday trading on Monday, hitting $47.50. 67,105 shares of the company traded hands, compared to its average volume of 1,124,335. The firm's fifty day moving average is $46.77 and its 200-day moving average is $41.18. JFrog has a 12-month low of $27.00 and a 12-month high of $51.94. The firm has a market capitalization of $5.54 billion, a P/E ratio of -61.65 and a beta of 1.05.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating 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 company had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. During the same quarter in the prior year, the firm posted $0.15 EPS. JFrog's quarterly revenue 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. On average, research analysts expect that JFrog will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 50,000 shares of the business's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the transaction, the director owned 4,154,903 shares of the company's stock, valued at approximately $195,737,480.33. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ben Haim Shlomi sold 38,159 shares of the business's stock in a transaction on 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 directly owned 4,899,512 shares in the company, valued at $246,543,443.84. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 480,120 shares of company stock valued at $22,740,727. Insiders own 14.10% of the company's stock.

Institutional Investors Weigh In On JFrog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in JFrog by 0.4% in 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 raised its holdings in shares of JFrog by 6.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock valued at $115,933,000 after buying an additional 222,635 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings in shares of JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock valued at $84,166,000 after buying an additional 1,037,482 shares during the period. Wasatch Advisors LP raised its holdings in shares of JFrog by 3.0% in the 2nd quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company's stock valued at $112,228,000 after buying an additional 74,153 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of JFrog by 1,974.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company's stock valued at $68,832,000 after buying an additional 2,047,294 shares during the period. Hedge funds and other institutional investors 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.