JFrog (NASDAQ:FROG) Given New $70.00 Price Target at Morgan Stanley

JFrog (NASDAQ:FROG) had its target price raised by Morgan Stanley from $65.00 to $70.00 in a report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Robert W. Baird raised their price objective on shares of JFrog from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Canaccord Genuity Group boosted their price objective on shares of JFrog from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Piper Sandler lifted their target price on shares of JFrog from $48.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. increased their price target on JFrog from $48.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of JFrog in a report on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.69.

JFrog Trading Up 27.0%

Shares of FROG stock traded up $12.74 during mid-day trading on Friday, reaching $60.00. The stock had a trading volume of 7,756,599 shares, compared to its average volume of 871,480. The company has a market cap of $7.00 billion, a P/E ratio of -85.71 and a beta of 1.02. JFrog has a 12-month low of $27.00 and a 12-month high of $60.68. The business has a 50-day simple moving average of $48.70 and a 200 day simple moving average of $44.03.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.16 by $0.06. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.82%. The business had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. During the same period in the previous year, the firm earned $0.15 EPS. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. Research analysts anticipate that JFrog will post -0.33 EPS for the current year.

Insider Activity at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $46.92, for a total value of $1,642,200.00. Following the completion of the sale, the director owned 4,084,903 shares of the company’s stock, valued at $191,663,648.76. This represents a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 4,908 shares of JFrog stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $47.29, for a total transaction of $232,099.32. Following the transaction, the chief financial officer owned 136,165 shares in the company, valued at $6,439,242.85. The trade was a 3.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 431,492 shares of company stock valued at $20,979,800 over the last quarter. Company insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On JFrog

Institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its holdings in shares of JFrog by 1,974.0% during the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock valued at $68,832,000 after buying an additional 2,047,294 shares during the period. Eminence Capital LP acquired a new stake in JFrog in the first quarter valued at approximately $43,268,000. Norges Bank purchased a new stake in shares of JFrog during the second quarter valued at approximately $50,968,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of JFrog during the third quarter worth $51,443,000. Finally, T. Rowe Price Investment Management Inc. boosted its stake in shares of JFrog by 65.1% in 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 purchasing an additional 1,037,482 shares during the period. Hedge funds and other 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.