JFrog (NASDAQ:FROG) Stock Price Down 5.4% – Here’s What Happened

JFrog Ltd. (NASDAQ:FROG) dropped 5.4% during trading on Tuesday . The company traded as low as $86.82 and last traded at $87.0610. 804,767 shares traded hands during mid-day trading, a decline of 72% from the average session volume of 2,842,496 shares. The stock had previously closed at $92.00.

Wall Street Analysts Forecast Growth

FROG has been the subject of a number of research analyst reports. UBS Group lifted their price objective on shares of JFrog from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 7th. Guggenheim raised their target price on shares of JFrog from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Truist Financial lifted their price target on shares of JFrog from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a report on Friday, July 17th. Finally, Barclays reissued an “overweight” rating and issued a $110.00 price objective on shares of JFrog in a research note on Friday, August 7th. Twenty-one 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.48.

JFrog Price Performance

The firm has a market capitalization of $10.82 billion, a P/E ratio of -237.16 and a beta of 1.28. The stock’s fifty day simple moving average is $88.70 and its 200 day simple moving average is $72.33.

JFrog (NASDAQ:FROG) last released 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. The business had revenue of $163.77 million for 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%. The company’s revenue was up 28.7% compared to the same quarter last year. During the same period last year, the business 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. As a group, sell-side analysts forecast that JFrog Ltd. will post -0.11 EPS for the current fiscal year.

Insider Activity

In other JFrog news, Director Barry Zwarenstein sold 1,250 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $88.38, for a total value of $110,475.00. Following the completion of the sale, the director directly owned 30,437 shares in the company, valued at approximately $2,690,022.06. This trade represents a 3.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Tali Notman sold 18,794 shares of JFrog stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $86.98, for a total transaction of $1,634,702.12. Following the sale, the executive owned 668,678 shares of the company’s stock, valued at $58,161,612.44. The trade was a 2.73% 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. In the last 90 days, insiders have sold 1,012,152 shares of company stock worth $93,993,606. Company insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On JFrog

A number of institutional investors have recently bought and sold shares of the business. Millstone Evans Group LLC boosted its holdings in JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock valued at $28,000 after purchasing an additional 427 shares during the last quarter. Allworth Financial LP raised its stake in shares of JFrog by 83.1% during the 2nd quarter. Allworth Financial LP now owns 648 shares of the company’s stock valued at $59,000 after buying an additional 294 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of JFrog in the 1st quarter valued at about $30,000. Employees Retirement System of Texas acquired a new position in shares of JFrog in the 4th quarter valued at about $44,000. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of JFrog by 12,566.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 760 shares of the company’s stock worth $47,000 after buying an additional 754 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

About JFrog

JFrog Ltd. (NASDAQ: FROG) develops a software supply chain platform designed to help organizations manage, secure and automate the delivery of software. Its technology supports developers and operations teams throughout the application lifecycle, from source code and package management through continuous integration, release and deployment.

The company’s product portfolio includes JFrog Artifactory, a universal repository for storing and distributing software packages and artifacts, as well as JFrog Xray, which provides security and compliance analysis for software components.