JFrog (NASDAQ:FROG) Upgraded to Strong-Buy at Benchmark

Benchmark upgraded shares of JFrog (NASDAQ:FROG) to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. Needham & Company LLC raised their target price on JFrog from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. TD Cowen boosted their price target on shares of JFrog from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, June 18th. Raymond James Financial restated an “outperform” rating and issued a $70.00 price objective on shares of JFrog in a research note on Thursday, February 26th. Truist Financial raised their price objective on shares of JFrog from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, DA Davidson set a $90.00 target price on shares of JFrog in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $81.62.

JFrog Stock Up 2.8%

FROG stock opened at $78.80 on Thursday. JFrog has a twelve month low of $34.05 and a twelve month high of $89.16. The company has a market cap of $9.54 billion, a PE ratio of -148.68 and a beta of 1.23. The business’s 50-day simple moving average is $67.84 and its 200 day simple moving average is $57.94.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. JFrog had a negative return on equity of 4.61% and a negative net margin of 10.93%.The firm had revenue of $153.98 million during the quarter, compared to analysts’ expectations of $147.45 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. On average, equities research analysts anticipate that JFrog will post -0.15 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Eduard Grabscheid sold 5,654 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $84.69, for a total transaction of $478,837.26. Following the completion of the transaction, the chief financial officer owned 209,658 shares in the company, valued at approximately $17,755,936.02. The trade was a 2.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Tali Notman sold 22,015 shares of the business’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $83.95, for a total value of $1,848,159.25. Following the completion of the transaction, the executive directly owned 706,629 shares of the company’s stock, valued at approximately $59,321,504.55. The trade was a 3.02% decrease in their ownership of the stock. 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 805,700 shares of company stock worth $58,486,362 over the last ninety days. Company insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On JFrog

Hedge funds and other institutional investors have recently made changes to their positions in the company. Lavelle Capital LP bought a new stake in JFrog during the first quarter worth $1,046,000. Alpine Woods Capital Investors LLC acquired a new position in JFrog during the first quarter worth approximately $294,000. Western Wealth Management LLC bought a new stake in JFrog in the first quarter valued at approximately $30,000. Bank of America Corp DE lifted its position in shares of JFrog by 48.2% in the first quarter. Bank of America Corp DE now owns 2,517,899 shares of the company’s stock valued at $118,165,000 after buying an additional 819,326 shares during the last quarter. Finally, Atreides Management LP increased its holdings in shares of JFrog by 37.3% during the 1st quarter. Atreides Management LP now owns 554,987 shares of the company’s stock worth $26,046,000 after acquiring an additional 150,711 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

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.