JFrog (NASDAQ:FROG) Trading Up 11.9% Following Analyst Upgrade

JFrog Ltd. (NASDAQ:FROG)’s stock price was up 11.9% on Wednesday after UBS Group upgraded the stock from a neutral rating to a buy rating. UBS Group now has a $60.00 price target on the stock. JFrog traded as high as $47.84 and last traded at $47.85. Approximately 1,104,692 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 3,298,459 shares. The stock had previously closed at $42.78.

FROG has been the subject of a number of other reports. William Blair reaffirmed an “outperform” rating on shares of JFrog in a research note on Monday, February 23rd. Piper Sandler decreased their price objective on shares of JFrog from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Friday, February 13th. TD Cowen upped their target price on shares of JFrog from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Canaccord Genuity Group cut their target price on shares of JFrog from $75.00 to $66.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Finally, Guggenheim began coverage on shares of JFrog in a research report on Monday, March 16th. They set a “buy” rating and a $60.00 price target on the stock. Eighteen research 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 an average price target of $67.05.

Insider Buying and Selling at JFrog

In related news, Director Frederic Simon sold 80,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $59.51, for a total value of $4,760,800.00. Following the completion of the transaction, the director directly owned 3,660,786 shares in the company, valued at approximately $217,853,374.86. The trade was a 2.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Eduard Grabscheid sold 15,639 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $40.15, for a total transaction of $627,905.85. Following the sale, the chief financial officer owned 239,902 shares in the company, valued at $9,632,065.30. This trade represents a 6.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 351,960 shares of company stock worth $17,367,657 over the last three months. Company insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On JFrog

A number of hedge funds and other institutional investors have recently made changes to their positions in FROG. Hsbc Holdings PLC bought a new stake in JFrog in the 4th quarter valued at $678,000. Rockefeller Capital Management L.P. increased its holdings in JFrog by 50.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 22,507 shares of the company’s stock worth $1,406,000 after purchasing an additional 7,498 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of JFrog by 12,566.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 760 shares of the company’s stock valued at $47,000 after purchasing an additional 754 shares during the period. Virtu Financial LLC raised its stake in shares of JFrog by 59.7% in the 4th quarter. Virtu Financial LLC now owns 10,163 shares of the company’s stock valued at $635,000 after purchasing an additional 3,798 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of JFrog by 6,868.3% in the fourth quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock valued at $131,420,000 after purchasing an additional 2,073,876 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Down 0.5%

The company has a market capitalization of $5.61 billion, a P/E ratio of -75.66 and a beta of 1.20. The business has a fifty day moving average price of $47.61 and a 200 day moving average price of $53.08.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. JFrog had a negative return on equity of 5.74% and a negative net margin of 13.50%.The business had revenue of $145.31 million during the quarter, compared to the consensus estimate of $138.09 million. During the same period last year, the company earned $0.19 earnings per share. JFrog’s quarterly revenue was up 25.2% on a year-over-year basis. JFrog has set its FY 2026 guidance at 0.880-0.920 EPS and its Q1 2026 guidance at 0.200-0.220 EPS. As a group, equities analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

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.