JFrog (NASDAQ:FROG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of JFrog (NASDAQ:FROG) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

FROG has been the topic of several other reports. Benchmark 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. Truist Financial lifted their price objective on JFrog from $105.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Stifel Nicolaus set a $102.00 target price on shares of JFrog in a research note on Friday, September 4th. JPMorgan Chase & Co. upped their target price on shares of JFrog from $100.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Raymond James Financial set a $120.00 target price on shares of JFrog in a report on Friday, August 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.48.

JFrog Price Performance

Shares of FROG opened at $99.02 on Friday. The firm has a 50 day simple moving average of $92.32 and a 200-day simple moving average of $77.94. JFrog has a 1-year low of $34.05 and a 1-year high of $105.76. The stock has a market cap of $12.21 billion, a price-to-earnings ratio of -267.61 and a beta of 1.24.

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

Insider Buying and Selling at JFrog

In other news, CEO Shlomi Ben Haim sold 15,000 shares of JFrog stock in a transaction on Wednesday, October 7th. The stock was sold at an average price of $97.52, for a total value of $1,462,800.00. Following the completion of the sale, the chief executive officer owned 4,434,305 shares of the company’s stock, valued at $432,433,423.60. The trade was a 0.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry Zwarenstein sold 1,250 shares of the company’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $88.38, for a total value of $110,475.00. Following the completion of the transaction, the director owned 30,437 shares of the company’s stock, valued at $2,690,022.06. The trade was a 3.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 960,453 shares of company stock valued at $90,577,116. 11.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Millstone Evans Group LLC increased its position in shares of JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after acquiring an additional 427 shares in the last quarter. Allworth Financial LP raised its stake in shares of JFrog by 83.1% in the 2nd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $59,000 after acquiring an additional 294 shares during the period. Western Wealth Management LLC acquired a new position in shares of JFrog during the 1st quarter valued at $30,000. Caitong International Asset Management Co. Ltd boosted its position in JFrog by 12,566.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 760 shares of the company’s stock worth $47,000 after purchasing an additional 754 shares during the period. Finally, Bessemer Group Inc. purchased a new stake in JFrog during the 1st quarter worth $36,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

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.