Truist Financial Reiterates “Buy” Rating for JFrog (NASDAQ:FROG)

JFrog (NASDAQ:FROG)‘s stock had its “buy” rating reaffirmed by equities researchers at Truist Financial in a report released on Friday,Benzinga reports. They presently have a $70.00 price target on the stock, up from their prior price target of $55.00. Truist Financial’s price objective would suggest a potential upside of 16.67% from the stock’s current price.

Several other research firms have also recently weighed in on FROG. DA Davidson upped their price objective on shares of JFrog from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. JPMorgan Chase & Co. boosted their price target on shares of JFrog from $48.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. TD Cowen raised their price objective on shares of JFrog from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Friday, October 17th. Wall Street Zen raised shares of JFrog from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Needham & Company LLC upped their target price on shares of JFrog from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $62.69.

JFrog Stock Performance

JFrog stock opened at $60.00 on Friday. JFrog has a fifty-two week low of $27.00 and a fifty-two week high of $60.68. The stock has a market cap of $7.00 billion, a P/E ratio of -85.71 and a beta of 1.02. The firm’s fifty day moving average price is $48.70 and its 200-day moving average price is $44.13.

JFrog (NASDAQ:FROG) last posted 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. The business had revenue of $136.91 million during the quarter, compared to analysts’ expectations of $128.28 million. JFrog had a negative return on equity of 6.82% and a negative net margin of 15.88%.The firm’s revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. Sell-side analysts predict that JFrog will post -0.33 earnings per share for the current year.

Insider Buying and Selling at JFrog

In related news, Director Frederic Simon sold 50,000 shares of JFrog stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $47.11, for a total value of $2,355,500.00. Following the transaction, the director owned 4,154,903 shares in the company, valued at $195,737,480.33. This trade represents a 1.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CRO Tali Notman sold 14,451 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $47.78, for a total transaction of $690,468.78. Following the sale, the executive owned 671,909 shares of the company’s stock, valued at approximately $32,103,812.02. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 431,492 shares of company stock worth $20,979,800 in the last quarter. 14.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JFrog

Institutional investors and hedge funds have recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its position in JFrog by 115.6% in the first quarter. Teacher Retirement System of Texas now owns 49,487 shares of the company’s stock valued at $1,584,000 after purchasing an additional 26,534 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of JFrog by 6.6% in the first quarter. Envestnet Asset Management Inc. now owns 197,055 shares of the company’s stock worth $6,306,000 after purchasing an additional 12,269 shares during the last quarter. Banque Pictet & Cie SA bought a new stake in JFrog during the 1st quarter valued at $392,000. New York State Common Retirement Fund raised its holdings in JFrog by 14.6% during the 1st quarter. New York State Common Retirement Fund now owns 419,757 shares of the company’s stock valued at $13,432,000 after buying an additional 53,547 shares during the last quarter. Finally, Signaturefd LLC boosted its position in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock valued at $40,000 after buying an additional 597 shares during the period. 85.02% of the stock is currently owned by institutional investors.

About JFrog

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.