JFrog (NASDAQ:FROG) Upgraded to Outperform at Oppenheimer

Oppenheimer upgraded shares of JFrog (NASDAQ:FROG) from a market perform rating to an outperform rating in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have $75.00 target price on the stock.

Other research analysts have also issued research reports about the company. Wall Street Zen raised JFrog from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Needham & Company LLC increased their target price on JFrog from $55.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday. DA Davidson lifted their price target on JFrog from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. KeyCorp increased their price objective on shares of JFrog from $52.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Finally, Piper Sandler lifted their target price on shares of JFrog from $48.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $62.69.

JFrog Price Performance

NASDAQ FROG traded up $12.74 during trading hours on Friday, reaching $60.00. 7,756,599 shares of the company’s stock traded hands, compared to its average volume of 871,480. JFrog has a 52-week low of $27.00 and a 52-week high of $60.68. The firm has a market cap of $7.00 billion, a PE ratio of -85.71 and a beta of 1.02. The firm has a 50-day simple moving average of $48.70 and a 200 day simple moving average of $44.03.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data 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. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.82%. The business had revenue of $136.91 million for the quarter, compared to analysts’ expectations of $128.28 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. The business’s revenue was up 25.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. Sell-side analysts forecast that JFrog will post -0.33 EPS for the current fiscal year.

Insider Activity at JFrog

In related news, CRO Tali Notman sold 14,451 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $47.78, for a total value of $690,468.78. Following the sale, the executive owned 671,909 shares in the company, valued at approximately $32,103,812.02. This trade represents a 2.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederic Simon sold 50,000 shares of JFrog stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the completion of the sale, the director directly owned 4,154,903 shares of the company’s stock, valued at approximately $195,737,480.33. This trade represents a 1.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 431,492 shares of company stock worth $20,979,800 over the last quarter. 14.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JFrog

A number of institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC grew its holdings in shares of JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock worth $40,000 after acquiring an additional 597 shares during the period. Wilmington Savings Fund Society FSB lifted its holdings in JFrog by 1,086.8% in the third quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock valued at $60,000 after acquiring an additional 1,152 shares during the period. PNC Financial Services Group Inc. boosted its position in JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock worth $43,000 after purchasing an additional 329 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in JFrog by 7,185.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock worth $131,000 after purchasing an additional 2,946 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in shares of JFrog during the 2nd quarter valued at about $136,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Company Profile

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.