JFrog (NASDAQ:FROG) Sets New 1-Year High on Analyst Upgrade

JFrog Ltd. (NASDAQ:FROG)’s stock price hit a new 52-week high during mid-day trading on Saturday after DA Davidson upgraded the stock to a strong-buy rating. The stock traded as high as $60.68 and last traded at $60.00, with a volume of 7756599 shares. The stock had previously closed at $47.26.

A number of other equities analysts have also issued reports on FROG. Robert W. Baird raised their price target on shares of JFrog from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a report on Wednesday, October 8th. Oppenheimer upgraded shares of JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research report on Friday. Cowen reaffirmed a “buy” rating on shares of JFrog in a research report on Friday, October 17th. Finally, Stifel Nicolaus lifted their price objective on JFrog from $45.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $62.69.

Insider Activity

In other news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The stock was 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 directly owned 4,084,903 shares in the company, valued at $191,663,648.76. The trade was a 0.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Yvonne Wassenaar sold 1,372 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $47.94, for a total value of $65,773.68. Following the transaction, the director directly owned 29,307 shares of the company’s stock, valued at approximately $1,404,977.58. The trade was a 4.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 431,492 shares of company stock worth $20,979,800. 14.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On JFrog

Several institutional investors and hedge funds have recently added to or reduced their stakes in FROG. Beirne Wealth Consulting Services LLC acquired a new position in JFrog during the third quarter worth $367,000. Vanguard Group Inc. raised its position 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 purchasing an additional 224,513 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of JFrog by 3.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,363 shares of the company’s stock worth $2,147,000 after purchasing an additional 1,326 shares during the last quarter. HighTower Advisors LLC boosted its holdings in JFrog by 452.1% in the 3rd quarter. HighTower Advisors LLC now owns 56,821 shares of the company’s stock worth $2,689,000 after buying an additional 46,529 shares during the last quarter. Finally, Public Sector Pension Investment Board acquired a new stake in JFrog in the 3rd quarter worth about $3,247,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

The company has a 50 day simple moving average of $48.70 and a 200 day simple moving average of $44.13. The company has a market capitalization of $7.00 billion, a PE ratio of -85.71 and a beta of 1.02.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The firm 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 6.82% and a negative net margin of 15.88%.The business’s revenue was up 25.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. As a group, equities research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

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.