JFrog Ltd. (NASDAQ:FROG) Receives $62.69 Average PT from Brokerages

Shares of JFrog Ltd. (NASDAQ:FROG) have been assigned an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, fourteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $62.6875.

A number of equities analysts recently commented on FROG shares. Piper Sandler lifted their price target on shares of JFrog from $48.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. TD Cowen raised their price objective on shares of JFrog from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Raymond James Financial upped their target price on JFrog from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Cowen reissued a “buy” rating on shares of JFrog in a research note on Friday, October 17th. Finally, Cantor Fitzgerald boosted their price objective on JFrog from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, November 7th.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 38,159 shares of the firm’s stock in a transaction dated Monday, September 8th. The shares were 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. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frederic Simon sold 100,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $58.84, for a total transaction of $5,884,000.00. Following the completion of the sale, the director directly owned 3,984,903 shares of the company’s stock, valued at approximately $234,471,692.52. This trade represents a 2.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 546,492 shares of company stock worth $27,553,950. Insiders own 14.10% of the company’s stock.

Institutional Trading of JFrog

Large investors have recently modified their holdings of the company. Raymond James Financial Inc. increased its holdings in JFrog by 3.2% during the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company’s stock worth $34,308,000 after purchasing an additional 33,236 shares during the period. Nishkama Capital LLC bought a new position in shares of JFrog during the 1st quarter worth $6,561,000. T. Rowe Price Investment Management Inc. increased its stake in shares of JFrog by 65.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock valued at $84,166,000 after buying an additional 1,037,482 shares during the period. Malaga Cove Capital LLC purchased a new position in shares of JFrog during the first quarter valued at $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of JFrog by 14.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 605,721 shares of the company’s stock valued at $19,383,000 after acquiring an additional 77,461 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

Shares of JFrog stock opened at $59.09 on Thursday. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of -84.41 and a beta of 1.02. The stock has a 50 day moving average price of $50.00 and a 200-day moving average price of $45.13. JFrog has a one year low of $27.00 and a one year high of $65.50.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.JFrog’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Sell-side analysts predict that JFrog will post -0.33 earnings per share for the current fiscal year.

JFrog Company Profile

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.