JFrog’s (FROG) Buy Rating Reiterated at Truist Financial

Truist Financial reiterated their buy rating on shares of JFrog (NASDAQ:FROG) in a report issued on Friday morning, MarketBeat reports. The brokerage currently has a $70.00 target price on the stock, up from their previous target price of $55.00.

A number of other research firms have also weighed in on FROG. Cowen reiterated a “buy” rating on shares of JFrog in a research note on Friday, October 17th. Needham & Company LLC boosted their price objective on JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday. Oppenheimer raised JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a research report on Wednesday, October 8th. Finally, KeyCorp raised their price objective on shares of JFrog from $57.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and a consensus price target of $62.69.

JFrog Stock Performance

Shares of FROG opened at $60.00 on Friday. JFrog has a fifty-two week low of $27.00 and a fifty-two week high of $60.68. The business has a 50-day moving average of $48.70 and a 200 day moving average of $44.21. The firm has a market cap of $7.00 billion, a P/E ratio of -85.71 and a beta of 1.02.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The business had revenue of $136.91 million for 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 6.82%. The company’s revenue was up 25.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. As a group, research analysts predict that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $46.92, for a total transaction of $1,642,200.00. Following the completion of the sale, the director owned 4,084,903 shares of the company’s stock, valued at approximately $191,663,648.76. This represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Eduard Grabscheid sold 4,908 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $47.29, for a total transaction of $232,099.32. Following the completion of the transaction, the chief financial officer owned 136,165 shares in the company, valued at $6,439,242.85. This represents a 3.48% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 431,492 shares of company stock valued at $20,979,800. Insiders own 14.10% of the company’s stock.

Hedge Funds Weigh In On JFrog

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its position in shares of 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 purchasing an additional 2,047,294 shares in the last quarter. Eminence Capital LP bought a new position in JFrog in the first quarter worth $43,268,000. Norges Bank purchased a new position in JFrog during the second quarter valued at $50,968,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in JFrog during the third quarter valued at $51,443,000. Finally, T. Rowe Price Investment Management Inc. increased its stake in shares of JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock worth $84,166,000 after acquiring an additional 1,037,482 shares in the last quarter. Hedge funds and other institutional investors 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.