JFrog (NASDAQ:FROG) Stock Rating Upgraded by BTIG Research

JFrog (NASDAQ:FROG) was upgraded by BTIG Research to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Robert W. Baird boosted their price objective on JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Piper Sandler upped their target price on shares of JFrog from $48.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. DA Davidson raised shares of JFrog to a “strong-buy” rating in a research report on Friday, November 7th. Truist Financial reaffirmed a “buy” rating and set a $70.00 price objective (up previously from $55.00) on shares of JFrog in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $64.35.

JFrog Price Performance

NASDAQ FROG opened at $63.99 on Tuesday. JFrog has a 12 month low of $27.00 and a 12 month high of $70.43. The stock has a market capitalization of $7.57 billion, a P/E ratio of -91.41 and a beta of 1.10. The firm’s 50-day moving average is $56.38 and its two-hundred day moving average is $48.82.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. The firm had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. The business’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 business 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. As a group, analysts anticipate that JFrog will post -0.33 EPS for the current year.

Insider Buying and Selling at JFrog

In other news, Director Yvonne Wassenaar sold 1,372 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $47.94, for a total transaction of $65,773.68. Following the completion of the sale, the director owned 29,307 shares in the company, valued at approximately $1,404,977.58. The trade was a 4.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Tali Notman sold 13,357 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $64.80, for a total transaction of $865,533.60. Following the completion of the transaction, the executive owned 631,325 shares of the company’s stock, valued at approximately $40,909,860. The trade was a 2.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 398,601 shares of company stock worth $23,778,920. 14.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On JFrog

Several large investors have recently bought and sold shares of FROG. Alliancebernstein L.P. boosted its holdings in shares of JFrog by 1,974.0% in 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 during the period. Eminence Capital LP acquired a new stake in JFrog during the 1st quarter worth $43,268,000. Norges Bank purchased a new position in JFrog during the 2nd quarter worth $50,968,000. Lazard Asset Management LLC increased its stake in JFrog by 1,669.6% in the third quarter. Lazard Asset Management LLC now owns 1,185,416 shares of the company’s stock valued at $56,106,000 after purchasing an additional 1,118,427 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in JFrog in the third quarter valued at $51,443,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

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.