JFrog (NASDAQ:FROG) Trading 4.2% Higher on Analyst Upgrade

JFrog Ltd. (NASDAQ:FROG) traded up 4.2% during mid-day trading on Wednesday after Royal Bank Of Canada upgraded the stock to a moderate buy rating. The company traded as high as $91.78 and last traded at $93.2490. Approximately 69,857 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 2,933,112 shares. The stock had previously closed at $89.48.

A number of other research firms have also weighed in on FROG. Stifel Nicolaus raised their target price on shares of JFrog from $75.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Morgan Stanley set a $100.00 price objective on shares of JFrog in a research report on Friday, August 7th. KeyCorp lifted their price objective on shares of JFrog from $89.00 to $114.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Citigroup restated a “buy” rating on shares of JFrog in a report on Monday, June 8th. Finally, TD Cowen upped their price objective on JFrog from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, JFrog currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.36.

Insider Buying and Selling

In other news, CTO Yoav Landman sold 45,000 shares of JFrog stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $90.86, for a total value of $4,088,700.00. Following the transaction, the chief technology officer directly owned 5,448,338 shares in the company, valued at approximately $495,035,990.68. This trade represents a 0.82% decrease in their position. The sale was disclosed in a legal filing 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 Ben Haim Shlomi sold 15,000 shares of JFrog stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $91.00, for a total value of $1,365,000.00. Following the completion of the transaction, the chief executive officer owned 4,562,237 shares in the company, valued at $415,163,567. This trade represents a 0.33% 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 sold a total of 875,334 shares of company stock worth $76,586,337 over the last quarter. Insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On JFrog

Institutional investors and hedge funds have recently bought and sold shares of the company. Millstone Evans Group LLC lifted its holdings in shares of JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock valued at $28,000 after purchasing an additional 427 shares during the last quarter. Western Wealth Management LLC acquired a new stake in shares of JFrog in the 1st quarter worth $30,000. Bessemer Group Inc. purchased a new position in JFrog during the 1st quarter worth $36,000. Farther Finance Advisors LLC grew its stake in JFrog by 318.7% during the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after buying an additional 478 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new position in JFrog during the 4th quarter valued at about $44,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Trading Up 12.1%

The company has a 50-day moving average of $87.77 and a 200-day moving average of $66.80. The company has a market capitalization of $12.83 billion, a price-to-earnings ratio of -281.15 and a beta of 1.22.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. JFrog had a negative return on equity of 2.71% and a negative net margin of 7.35%.The business had revenue of $163.77 million during the quarter, compared to the consensus estimate of $155.63 million. During the same quarter last year, the company earned $0.18 earnings per share. The company’s quarterly revenue 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. On average, research analysts expect that JFrog Ltd. will post -0.11 EPS for the current year.

About JFrog

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.