JFrog Ltd. (NASDAQ:FROG) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of JFrog Ltd. (NASDAQ:FROG) have earned an average rating of “Moderate Buy” from the nineteen analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $65.5294.

Several equities analysts recently commented on the stock. Cowen reissued a “buy” rating on shares of JFrog in a research note on Friday, October 17th. JPMorgan Chase & Co. boosted their price objective on JFrog from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. 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, November 7th. Truist Financial reissued a “buy” rating and set a $70.00 price target (up from $55.00) on shares of JFrog in a research note on Friday, November 7th. Finally, Cantor Fitzgerald boosted their price target on JFrog from $70.00 to $80.00 and gave the stock an “overweight” rating in a report on Wednesday.

JFrog Stock Down 4.6%

Shares of FROG stock opened at $60.08 on Friday. The business has a fifty day simple moving average of $61.53 and a 200 day simple moving average of $51.20. The company has a market cap of $7.11 billion, a P/E ratio of -85.83 and a beta of 1.13. JFrog has a twelve month low of $27.00 and a twelve month high of $70.43.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The firm had revenue of $136.91 million during the quarter, compared to the consensus estimate of $128.28 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 25.5% on a year-over-year basis. 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, equities research analysts anticipate that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Transactions at JFrog

In related news, Director Frederic Simon sold 100,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $58.84, for a total value of $5,884,000.00. Following the completion of the sale, the director directly owned 3,984,903 shares in the company, valued at $234,471,692.52. This represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Yoav Landman sold 70,000 shares of JFrog stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $69.22, for a total value of $4,845,400.00. Following the transaction, the chief technology officer directly owned 5,958,641 shares in the company, valued at $412,457,130.02. The trade was a 1.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 464,186 shares of company stock worth $27,864,933. 14.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On JFrog

A number of hedge funds have recently made changes to their positions in FROG. Alliancebernstein L.P. boosted its holdings in 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 last quarter. Eminence Capital LP acquired a new position in shares of JFrog in the 1st quarter worth approximately $43,268,000. Norges Bank bought a new stake in shares of JFrog in the 2nd quarter valued at $50,968,000. Lazard Asset Management LLC increased its position in shares of JFrog by 1,669.6% during the third quarter. Lazard Asset Management LLC now owns 1,185,416 shares of the company’s stock worth $56,106,000 after buying an additional 1,118,427 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in JFrog during the third quarter worth $51,443,000. 85.02% of the stock is currently owned by institutional investors.

JFrog Company Profile

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.