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 research report released on Saturday morning.

Several other research firms have also recently commented on FROG. KeyCorp lifted their target price on JFrog from $89.00 to $114.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. JPMorgan Chase & Co. upped their price target on JFrog from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Guggenheim raised their price target on JFrog from $105.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 7th. Needham & Company LLC lifted their price objective on JFrog from $80.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Raymond James Financial set a $120.00 price objective on 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 company’s stock. Based on data from MarketBeat.com, JFrog presently has an average rating of “Moderate Buy” and an average target price of $105.81.

JFrog Trading Down 1.6%

Shares of FROG stock opened at $94.64 on Friday. JFrog has a 1 year low of $34.05 and a 1 year high of $99.22. The firm’s 50 day moving average is $85.76 and its 200-day moving average is $64.58. The firm has a market capitalization of $11.67 billion, a price-to-earnings ratio of -255.78 and a beta of 1.22.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The business had revenue of $163.77 million during the quarter, compared to analyst estimates of $155.63 million. During the same quarter last year, the business posted $0.18 earnings per share. JFrog’s revenue for the quarter was up 28.7% compared to the same quarter last year. 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 research analysts forecast that JFrog will post -0.15 earnings per share for the current fiscal year.

Insider Activity at JFrog

In other news, Director Frederic Simon sold 120,000 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $85.84, for a total value of $10,300,800.00. Following the completion of the transaction, the director owned 3,224,328 shares of the company’s stock, valued at $276,776,315.52. The trade was a 3.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ben Haim Shlomi sold 93,072 shares of the company’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $84.60, for a total transaction of $7,873,891.20. Following the completion of the sale, the chief executive officer owned 4,658,236 shares of the company’s stock, valued at approximately $394,086,765.60. This represents a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 926,149 shares of company stock worth $80,394,077. 11.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FROG. Royal Bank of Canada increased its holdings in shares of JFrog by 48.4% in the first quarter. Royal Bank of Canada now owns 189,148 shares of the company’s stock worth $6,053,000 after acquiring an additional 61,685 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of JFrog during the first quarter worth about $205,000. AQR Capital Management LLC bought a new position in shares of JFrog during the 1st quarter valued at about $368,000. Integrated Wealth Concepts LLC bought a new position in shares of JFrog during the 1st quarter valued at about $203,000. Finally, Goldman Sachs Group Inc. grew its position in shares of JFrog by 14.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock valued at $22,173,000 after purchasing an additional 88,784 shares during the period. 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.