JFrog (NASDAQ:FROG) Price Target Raised to $60.00

JFrog (NASDAQ:FROG) had its target price hoisted by research analysts at DA Davidson from $55.00 to $60.00 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. DA Davidson’s target price would indicate a potential upside of 20.26% from the company’s current price.

A number of other research firms have also recently weighed in on FROG. KeyCorp increased their price objective on shares of JFrog from $46.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, August 8th. Cowen reaffirmed a “buy” rating on shares of JFrog in a report on Friday, August 8th. Barclays boosted their price objective on JFrog from $45.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Cantor Fitzgerald raised their target price on JFrog from $46.00 to $55.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus lifted their target price on JFrog from $45.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, JFrog has an average rating of “Moderate Buy” and a consensus target price of $49.27.

JFrog Trading Up 0.5%

Shares of NASDAQ FROG opened at $49.89 on Wednesday. JFrog has a 12-month low of $27.00 and a 12-month high of $50.98. The company has a market cap of $5.82 billion, a price-to-earnings ratio of -64.79 and a beta of 1.07. The stock’s 50 day simple moving average is $44.30 and its 200 day simple moving average is $39.54.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. The firm had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The firm’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, equities analysts forecast that JFrog will post -0.33 earnings per share for the current fiscal year.

Insider Activity

In other news, CTO Yoav Landman sold 102,419 shares of the business’s stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $49.73, for a total value of $5,093,296.87. Following the sale, the chief technology officer owned 6,081,087 shares of the company’s stock, valued at approximately $302,412,456.51. The trade was a 1.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 38,159 shares of the company’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 4,899,512 shares of the company’s stock, valued at approximately $246,543,443.84. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 528,748 shares of company stock worth $24,783,511. 14.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On JFrog

Several hedge funds have recently made changes to their positions in the business. Northern Trust Corp boosted its holdings in JFrog by 79.0% during the fourth quarter. Northern Trust Corp now owns 155,121 shares of the company’s stock worth $4,562,000 after buying an additional 68,463 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of JFrog by 29.8% during the 4th quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company’s stock valued at $3,766,000 after acquiring an additional 29,372 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in shares of JFrog during the 4th quarter worth $212,000. Cetera Investment Advisers acquired a new position in shares of JFrog in the 4th quarter worth $452,000. Finally, Deutsche Bank AG raised its position in shares of JFrog by 10.6% during the fourth quarter. Deutsche Bank AG now owns 158,807 shares of the company’s stock worth $4,671,000 after purchasing an additional 15,239 shares during the period. Institutional investors and hedge funds 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.