Wall Street Zen upgraded shares of JFrog (NASDAQ:FROG – Free Report) from a hold rating to a buy rating in a research report released on Saturday,Wall Street Zen reports.
Several other equities analysts have also commented on the company. Canaccord Genuity Group set a $105.00 price objective on JFrog in a research report on Friday, August 7th. Morgan Stanley set a $100.00 price target on shares of JFrog in a research report on Friday, August 7th. Piper Sandler boosted their price objective on shares of JFrog from $65.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Oppenheimer boosted their price objective on shares of JFrog from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $115.00 price objective on shares of JFrog in a research note on Friday, September 4th. Twenty-one analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.48.
View Our Latest Stock Report on JFrog
JFrog Trading Up 5.1%
JFrog (NASDAQ:FROG – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The business had revenue of $163.77 million during the quarter, compared to analyst estimates of $155.63 million. During the same period in the previous year, the business posted $0.18 earnings per share. JFrog’s revenue for the quarter was up 28.7% on a year-over-year basis. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. As a group, sell-side analysts forecast that JFrog will post -0.11 EPS for the current fiscal year.
Insiders Place Their Bets
In other JFrog news, Director Frederic Simon sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $93.21, for a total value of $11,185,200.00. Following the completion of the sale, the director owned 2,864,328 shares in the company, valued at approximately $266,984,012.88. The trade was a 4.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Shlomi Ben Haim sold 45,700 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $85.35, for a total transaction of $3,900,495.00. Following the completion of the transaction, the chief executive officer owned 4,449,305 shares in the company, valued at $379,748,181.75. This represents a 1.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 960,453 shares of company stock valued at $90,577,116 in the last ninety days. Company insiders own 11.80% of the company’s stock.
Hedge Funds Weigh In On JFrog
A number of hedge funds have recently modified their holdings of FROG. Allworth Financial LP raised its holdings in JFrog by 83.1% in the 2nd quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $59,000 after acquiring an additional 294 shares during the last quarter. IFP Advisors Inc boosted its stake in JFrog by 4.7% during the 2nd quarter. IFP Advisors Inc now owns 6,872 shares of the company’s stock valued at $625,000 after purchasing an additional 309 shares during the last quarter. Praxis Investment Management Inc. boosted its stake in JFrog by 8.0% during the 1st quarter. Praxis Investment Management Inc. now owns 4,430 shares of the company’s stock valued at $208,000 after purchasing an additional 330 shares during the last quarter. Millstone Evans Group LLC increased its holdings in shares of JFrog by 242.6% in the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares in the last quarter. Finally, Western Wealth Management LLC bought a new stake in shares of JFrog in the 1st quarter worth $30,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.
JFrog Company Profile
JFrog Ltd. develops a software supply chain platform that helps organizations build, manage, secure and distribute software across cloud, on-premises and hybrid environments. Its platform is designed to support DevOps and DevSecOps workflows by connecting software development, security and operations teams throughout the application lifecycle.
The company’s product portfolio includes JFrog Artifactory, a repository for storing and managing software packages and artifacts; JFrog Xray, which provides security and compliance analysis; and tools for software release automation, distribution, artifact curation and runtime protection.
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