Piper Sandler Issues Positive Forecast for JFrog (NASDAQ:FROG) Stock Price

Key Points

• Piper Sandler raised JFrog’s price target from $65 to $90 but maintained a Neutral rating, implying approximately 2.3% upside. The broader analyst consensus is more positive, with a Moderate Buy rating and an average target of $99.62.
• JFrog exceeded quarterly expectations with adjusted EPS of $0.27 versus $0.24 expected and revenue of $163.77 million, up 28.7% year over year. Management also raised fiscal 2026 revenue and adjusted EPS guidance above analyst forecasts.
• Shares rose 6% to $88.01 following the results, while strong cloud growth and customer retention supported the outlook. However, the company remains unprofitable on a net-margin basis, and insiders have reported significant recent stock sales.

JFrog (NASDAQ:FROG - Get Free Report) had its price target increased by analysts at Piper Sandler from $65.00 to $90.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the stock. Piper Sandler's target price would indicate a potential upside of 2.26% from the company's current price.

Several other research firms have also recently weighed in on FROG. Barclays restated an "overweight" rating and set a $110.00 price target on shares of JFrog in a report on Friday. BTIG Research increased their target price on JFrog from $100.00 to $115.00 and gave the company a "buy" rating in a research report on Friday. Benchmark restated a "buy" rating on shares of JFrog in a research report on Wednesday, July 29th. Morgan Stanley set a $100.00 price target on shares of JFrog in a research note on Friday. Finally, KeyCorp increased their price objective on shares of JFrog from $89.00 to $114.00 and gave the company an "overweight" rating in a research report on Friday. Twenty-one investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $99.62.

JFrog Trading Up 6.0%

FROG traded up $4.97 during trading on Friday, hitting $88.01. 1,795,165 shares of the company traded hands, compared to its average volume of 3,013,785. The company has a market cap of $10.66 billion, a PE ratio of -165.73 and a beta of 1.22. The stock's 50-day simple moving average is $84.96 and its two-hundred day simple moving average is $62.93. JFrog has a 1 year low of $34.05 and a 1 year high of $99.22.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. The business had revenue of $163.77 million for the quarter, compared to analysts' expectations of $155.63 million. During the same quarter in the previous year, the company earned $0.18 EPS. The business's quarterly revenue was up 28.7% compared to the same quarter last year. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. Equities analysts expect that JFrog will post -0.15 EPS for the current year.

Insiders Place Their Bets

In other JFrog news, CFO Eduard Grabscheid sold 5,654 shares of the business's stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $84.69, for a total transaction of $478,837.26. Following the completion of the transaction, the chief financial officer owned 209,658 shares in the company, valued at $17,755,936.02. The trade was a 2.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Yoav Landman sold 45,000 shares of the business's stock in a transaction on Friday, July 17th. The shares were sold at an average price of $87.23, for a total value of $3,925,350.00. Following the transaction, the chief technology officer owned 5,493,338 shares of the company's stock, valued at approximately $479,183,873.74. The trade was a 0.81% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 938,649 shares of company stock valued at $76,347,827 over the last quarter. Corporate insiders own 11.80% 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 stock. Snowden Capital Advisors LLC increased its stake in shares of JFrog by 1.7% during the second quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company's stock worth $666,000 after purchasing an additional 253 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in JFrog by 2.0% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 15,184 shares of the company's stock worth $948,000 after buying an additional 299 shares during the last quarter. Praxis Investment Management Inc. boosted its holdings in JFrog by 8.0% in the 1st quarter. Praxis Investment Management Inc. now owns 4,430 shares of the company's stock worth $208,000 after buying an additional 330 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in JFrog by 5.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,897 shares of the company's stock worth $326,000 after buying an additional 377 shares in the last quarter. Finally, Millstone Evans Group LLC increased its stake in JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company's stock worth $28,000 after buying an additional 427 shares in the last quarter. Institutional investors own 85.02% of the company's stock.

JFrog News Summary

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Q2 results exceeded expectations: JFrog reported adjusted earnings of $0.27 per share versus the $0.24 consensus estimate. Revenue rose 28.7% year over year to $163.77 million, surpassing expectations of $155.63 million. JFrog Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Raised full-year outlook: Management lifted fiscal 2026 revenue guidance to $648 million-$652 million from $628 million-$632 million and adjusted EPS guidance to $0.96-$1.00 from $0.93-$0.97. Both ranges are above analyst expectations. Third-quarter guidance of $164 million-$166 million in revenue and $0.22-$0.24 in EPS also exceeded consensus estimates. JFrog Q2 Results and Outlook
• Positive Sentiment: Cloud and customer metrics remained strong: Cloud revenue increased 53% year over year to $87.5 million, representing 53% of total revenue. JFrog also reported 97 customers generating more than $1 million in annual recurring revenue and 121% trailing-four-quarter net dollar retention, supporting expectations for continued expansion.
• Positive Sentiment: Analyst sentiment improved: BTIG Research raised its price target from $100 to $115 and Truist Financial increased its target from $105 to $110; both firms assigned a Buy rating. The new targets imply further upside based on recent trading levels. Benzinga analyst target updates
• Neutral Sentiment: Broader software stocks also advanced as solid earnings reports eased concerns about artificial-intelligence disruption, providing a favorable sector backdrop for FROG. Stocks Explaining Today's Market
• Negative Sentiment: JFrog continues to report a negative net margin and negative return on equity. In addition, reported insider activity shows substantial selling and no open-market purchases over the past six months, which may temper investor enthusiasm.

JFrog Company Profile

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company's platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog's flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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