JFrog (NASDAQ:FROG) Stock Price Down 5.4% - Here's What Happened

Key Points

• JFrog shares fell 5.4% to about $87.06 in Tuesday trading, with volume down 72% from the average session.
• Analysts remain broadly bullish: 21 rate the stock a Buy, with a consensus “Moderate Buy” rating and an average price target of $109.48.
• JFrog recently exceeded quarterly expectations, reporting $0.27 in adjusted EPS and $163.77 million in revenue, up 28.7% year over year; however, insiders have sold more than $93.9 million worth of shares over the past 90 days.

Shares of JFrog Ltd. (NASDAQ:FROG - Get Free Report) fell 5.4% during trading on Tuesday . The company traded as low as $86.82 and last traded at $87.0610. Approximately 804,767 shares were traded during mid-day trading, a decline of 72% from the average session volume of 2,842,496 shares. The stock had previously closed at $92.00.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FROG shares. Cantor Fitzgerald raised their target price on shares of JFrog from $80.00 to $100.00 and gave the stock an "overweight" rating in a report on Monday, August 3rd. Piper Sandler boosted their target price on shares of JFrog from $65.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their price target on JFrog from $100.00 to $115.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Citigroup reiterated a "buy" rating on shares of JFrog in a research report on Monday, June 8th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $115.00 target price on shares of JFrog in a report on Thursday, September 3rd. Twenty-one equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, JFrog currently has a consensus rating of "Moderate Buy" and an average price target of $109.48.

JFrog Stock Down 4.6%

The stock has a market capitalization of $10.82 billion, a PE ratio of -237.16 and a beta of 1.28. The stock's 50 day moving average price is $88.70 and its 200-day moving average price is $72.33.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The company had revenue of $163.77 million during the quarter, compared to the consensus estimate of $155.63 million. During the same quarter in the prior year, the firm posted $0.18 EPS. JFrog'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. On average, analysts forecast that JFrog Ltd. will post -0.11 earnings per share for the current year.

Insider Activity

In related news, Director Frederic Simon sold 120,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $90.86, for a total transaction of $10,903,200.00. Following the completion of the transaction, the director directly owned 2,984,328 shares of the company's stock, valued at approximately $271,156,042.08. This represents a 3.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Shlomi Ben Haim sold 65,999 shares of the firm's stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $90.03, for a total value of $5,941,889.97. Following the transaction, the chief executive officer owned 4,592,237 shares of the company's stock, valued at $413,439,097.11. This represents a 1.42% 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 sold a total of 1,012,152 shares of company stock worth $93,993,606 over the last 90 days. Corporate insiders own 11.80% of the company's stock.

Institutional Investors Weigh In On JFrog

A number of hedge funds have recently bought and sold shares of the business. First Trust Advisors LP raised its holdings in shares of JFrog by 85,066.4% in the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company's stock worth $157,796,000 after buying an additional 3,358,422 shares during the period. Wasatch Advisors LP boosted its holdings in JFrog by 187.4% during the 1st quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company's stock valued at $195,043,000 after acquiring an additional 2,710,167 shares during the period. Swedbank AB bought a new position in JFrog in the 1st quarter valued at $78,872,000. Anatole Investment Management Ltd bought a new position in JFrog in the 4th quarter valued at $86,557,000. Finally, Norges Bank purchased a new stake in JFrog in the fourth quarter worth $76,427,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

About JFrog

JFrog Ltd. NASDAQ: FROG develops a software supply chain platform designed to help organizations manage, secure and automate the delivery of software. Its technology supports developers and operations teams throughout the application lifecycle, from source code and package management through continuous integration, release and deployment.

The company's product portfolio includes JFrog Artifactory, a universal repository for storing and distributing software packages and artifacts, as well as JFrog Xray, which provides security and compliance analysis for software components.

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