JFrog Ltd. (NASDAQ:FROG) Receives Average Recommendation of “Moderate Buy” from Analysts

JFrog Ltd. (NASDAQ:FROG) has received a consensus rating of “Moderate Buy” from the nineteen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, fourteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $64.3529.

Several analysts have recently weighed in 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 report on Friday, November 7th. Barclays boosted their price target on shares of JFrog from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. BTIG Research started coverage on shares of JFrog in a report on Tuesday, December 16th. They issued a “buy” rating and a $83.00 price target for the company. Morgan Stanley lifted their price objective on shares of JFrog from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, KeyCorp boosted their target price on shares of JFrog from $71.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday, December 16th.

JFrog Price Performance

JFrog stock opened at $62.46 on Friday. JFrog has a 12-month low of $27.00 and a 12-month high of $70.43. The stock has a market capitalization of $7.39 billion, a PE ratio of -89.23 and a beta of 1.13. The firm has a 50 day simple moving average of $60.42 and a 200-day simple moving average of $50.54.

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

Insider Buying and Selling

In related news, Director Frederic Simon sold 100,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $58.84, for a total value of $5,884,000.00. Following the completion of the transaction, the director owned 3,984,903 shares in the company, valued at $234,471,692.52. This trade represents a 2.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 15,000 shares of JFrog stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $48.08, for a total value of $721,200.00. Following the completion of the transaction, the chief executive officer directly owned 4,884,152 shares in the company, valued at $234,830,028.16. This represents a 0.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 397,229 shares of company stock valued at $23,710,457 in the last three months. Insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On JFrog

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in JFrog by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 9,143,178 shares of the company’s stock worth $432,747,000 after purchasing an additional 224,513 shares during the last quarter. Wasatch Advisors LP increased its holdings in JFrog by 6.0% in the third quarter. Wasatch Advisors LP now owns 2,710,886 shares of the company’s stock worth $128,306,000 after buying an additional 153,283 shares during the last quarter. Alliancebernstein L.P. raised its position in JFrog by 1,974.0% during the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock valued at $68,832,000 after acquiring an additional 2,047,294 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in JFrog by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 1,903,396 shares of the company’s stock valued at $83,521,000 after acquiring an additional 56,213 shares during the last quarter. Finally, Bank of America Corp DE grew its position in JFrog by 11.8% in the third quarter. Bank of America Corp DE now owns 1,607,498 shares of the company’s stock worth $76,083,000 after acquiring an additional 170,146 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.