JFrog (NASDAQ:FROG) Given New $65.00 Price Target at JPMorgan Chase & Co.

JFrog (NASDAQ:FROG) had its price target raised by investment analysts at JPMorgan Chase & Co. from $55.00 to $65.00 in a report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 8.33% from the stock’s current price.

FROG has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of JFrog from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Needham & Company LLC lifted their target price on JFrog from $55.00 to $70.00 and gave the stock a “buy” rating in a report on Friday. Piper Sandler boosted their target price on JFrog from $48.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Oppenheimer raised JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research report on Friday. Sixteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $61.24.

JFrog Price Performance

Shares of NASDAQ FROG traded up $12.74 during mid-day trading on Friday, hitting $60.00. The company’s stock had a trading volume of 7,679,912 shares, compared to its average volume of 1,131,059. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of -77.92 and a beta of 1.02. The company’s fifty day simple moving average is $48.49 and its 200-day simple moving average is $43.82. JFrog has a one year low of $27.00 and a one year high of $60.68.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $136.91 million during the quarter, compared to analysts’ expectations of $128.28 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. On average, sell-side analysts predict that JFrog will post -0.33 EPS for the current year.

Insider Buying and Selling at JFrog

In other JFrog news, CRO Tali Notman sold 14,451 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $47.78, for a total value of $690,468.78. Following the completion of the transaction, the executive directly owned 671,909 shares in the company, valued at $32,103,812.02. This trade represents a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ben Haim Shlomi sold 38,159 shares of JFrog stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $50.32, for a total value of $1,920,160.88. Following the transaction, the chief executive officer owned 4,899,512 shares of the company’s stock, valued at $246,543,443.84. The trade was a 0.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 431,492 shares of company stock valued at $20,979,800. Corporate insiders own 14.10% of the company’s stock.

Institutional Trading of JFrog

A number of institutional investors have recently bought and sold shares of the business. Beirne Wealth Consulting Services LLC acquired a new stake in shares of JFrog during the 3rd quarter worth $367,000. Vanguard Group Inc. lifted its holdings in shares of JFrog by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,143,178 shares of the company’s stock worth $432,747,000 after acquiring an additional 224,513 shares during the period. State of New Jersey Common Pension Fund D increased its stake in JFrog by 3.0% in the third quarter. State of New Jersey Common Pension Fund D now owns 45,363 shares of the company’s stock valued at $2,147,000 after acquiring an additional 1,326 shares during the last quarter. HighTower Advisors LLC lifted its stake in JFrog by 452.1% during the third quarter. HighTower Advisors LLC now owns 56,821 shares of the company’s stock worth $2,689,000 after purchasing an additional 46,529 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in shares of JFrog in the 3rd quarter valued at $3,247,000. Institutional investors own 85.02% of the company’s stock.

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.