JFrog Ltd. (NASDAQ:FROG) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of JFrog Ltd. (NASDAQ:FROG) have been given a consensus rating of “Moderate Buy” by the eighteen analysts that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, fourteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $62.6875.

A number of analysts recently commented on FROG shares. Oppenheimer upgraded JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Friday, November 7th. Morgan Stanley upped their price target on shares of JFrog from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Cantor Fitzgerald increased their price objective on shares of JFrog from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Truist Financial reissued a “buy” rating and issued a $70.00 price objective (up previously from $55.00) on shares of JFrog in a report on Friday, November 7th. Finally, Robert W. Baird increased their price target on shares of JFrog from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th.

Insider Transactions at JFrog

In other JFrog news, Director Frederic Simon sold 67,500 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $60.08, for a total value of $4,055,400.00. Following the completion of the sale, the director owned 3,753,286 shares in the company, valued at $225,497,422.88. This represents a 1.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 15,000 shares of JFrog stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $46.01, for a total value of $690,150.00. Following the transaction, the chief executive officer directly owned 4,869,152 shares in the company, valued at approximately $224,029,683.52. The trade was a 0.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 350,244 shares of company stock worth $19,818,336 in the last three months. Corporate insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On JFrog

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its holdings in JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after purchasing an additional 329 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of JFrog in the third quarter worth $56,000. Wilmington Savings Fund Society FSB raised its position in shares of JFrog by 1,086.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock valued at $60,000 after purchasing an additional 1,152 shares during the period. RiverPark Advisors LLC purchased a new position in shares of JFrog during the 3rd quarter valued at $103,000. Finally, Bayforest Capital Ltd bought a new position in JFrog in the 1st quarter worth $104,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Stock Up 4.3%

Shares of JFrog stock opened at $64.77 on Monday. JFrog has a twelve month low of $27.00 and a twelve month high of $65.50. The company’s 50 day moving average is $53.35 and its 200 day moving average is $47.50. The company has a market cap of $7.66 billion, a price-to-earnings ratio of -92.53 and a beta of 1.10.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $136.91 million during the quarter, compared to the consensus estimate of $128.28 million. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. The firm’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. Sell-side analysts expect that JFrog will post -0.33 EPS for the current fiscal year.

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.