JFrog’s (FROG) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of JFrog (NASDAQ:FROG) in a research note published on Thursday morning, MarketBeat.com reports. Royal Bank Of Canada currently has a $118.00 price objective on the stock.

A number of other research analysts have also weighed in on the company. Wall Street Zen lowered JFrog from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Oppenheimer boosted their target price on JFrog from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Bank of America raised their price target on JFrog from $85.00 to $100.00 and gave the company a “buy” rating in a report on Monday, June 8th. Morgan Stanley set a $100.00 price objective on JFrog in a research note on Friday, August 7th. Finally, Guggenheim upped their price objective on JFrog from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Twenty-two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.14.

JFrog Price Performance

JFrog stock opened at $87.60 on Thursday. JFrog has a 1 year low of $34.05 and a 1 year high of $105.76. The firm’s 50 day moving average price is $89.29 and its 200-day moving average price is $68.43. The stock has a market cap of $10.80 billion, a P/E ratio of -236.75 and a beta of 1.28.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $163.77 million during the quarter, compared to analysts’ expectations of $155.63 million. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. JFrog’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share. 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, equities analysts expect that JFrog will post -0.11 EPS for the current year.

Insider Buying and Selling at JFrog

In other news, CFO Eduard Grabscheid sold 8,436 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $91.60, for a total value of $772,737.60. Following the completion of the sale, the chief financial officer directly owned 192,060 shares of the company’s stock, valued at $17,592,696. This trade represents a 4.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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, CEO Shlomi Ben Haim sold 37,232 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $90.51, for a total value of $3,369,868.32. Following the transaction, the chief executive officer directly owned 4,495,005 shares in the company, valued at approximately $406,842,902.55. This represents a 0.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 995,730 shares of company stock valued at $92,310,113. Corporate insiders own 11.80% of the company’s stock.

Institutional Investors Weigh In On JFrog

Institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of JFrog by 48.4% during the first quarter. Royal Bank of Canada now owns 189,148 shares of the company’s stock valued at $6,053,000 after buying an additional 61,685 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of JFrog during the 1st quarter worth approximately $205,000. AQR Capital Management LLC bought a new stake in shares of JFrog during the 1st quarter worth approximately $368,000. Integrated Wealth Concepts LLC purchased a new position in JFrog during the 1st quarter valued at $203,000. Finally, Goldman Sachs Group Inc. boosted its holdings in JFrog by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock valued at $22,173,000 after acquiring an additional 88,784 shares during the period. Institutional investors own 85.02% of the company’s stock.

JFrog News Roundup

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Analysts remain bullish. DA Davidson and BTIG Research reaffirmed “buy” ratings with $115 price targets, while TD Cowen set a $120 target and RBC maintained an “outperform” rating with a $118 target. These targets imply substantial upside and reflect continued confidence in JFrog’s software-supply-chain and AI opportunity. Analyst rating report
• Positive Sentiment: JFrog highlighted products and partnerships aimed at securing AI-era software development, including zero-touch remediation, continuous compliance and security for agentic workforces. The initiatives could expand the company’s addressable market and reinforce its strategic importance to enterprise customers. JFrog zero-touch remediation announcement
• Neutral Sentiment: Recent quarterly results were strong, with revenue rising 28.7% year over year to $163.8 million and adjusted EPS of $0.27 beating estimates. However, the company remains unprofitable on a GAAP basis, making execution against its full-year guidance of $0.96–$1.00 EPS important for valuation.
• Negative Sentiment: Security researchers reported that attackers are exploiting a critical JFrog Artifactory flaw to forge administrative tokens. The issue could lead to urgent customer patching, increased scrutiny of JFrog’s security controls and potential reputational or retention risks. JFrog Artifactory security vulnerability report
• Negative Sentiment: Executives and directors reported substantial selling, including CEO Shlomi Ben Haim, CFO Eduard Grabscheid, CRO Tali Notman and director Frederic Simon. Most transactions were conducted under Rule 10b5-1 plans or to cover taxes on vested equity, limiting their value as bearish signals, but the volume may still pressure investor sentiment.

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.