JFrog (NASDAQ:FROG) Rating Increased to Moderate Buy at Royal Bank Of Canada

Royal Bank Of Canada upgraded shares of JFrog (NASDAQ:FROG) to a moderate buy rating in a research note issued to investors on Tuesday morning,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC upped their price target on shares of JFrog from $80.00 to $115.00 and gave the company a “buy” rating in a report on Friday, August 7th. Truist Financial lifted their price objective on JFrog from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Cantor Fitzgerald boosted their price objective on JFrog from $80.00 to $100.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Citigroup restated a “buy” rating on shares of JFrog in a research note on Monday, June 8th. Finally, Piper Sandler raised their target price on JFrog from $65.00 to $90.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Twenty-two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $106.36.

JFrog Stock Up 3.7%

NASDAQ:FROG opened at $92.80 on Tuesday. JFrog has a 12 month low of $34.05 and a 12 month high of $99.22. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of -250.80 and a beta of 1.22. The company’s 50 day moving average is $87.34 and its 200-day moving average is $66.41.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The business had revenue of $163.77 million during the quarter, compared to the consensus estimate of $155.63 million. During the same period in the prior year, the firm earned $0.18 EPS. JFrog’s quarterly revenue was up 28.7% compared to the same quarter last year. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. Research analysts predict that JFrog will post -0.11 EPS for the current fiscal year.

Insider Activity at JFrog

In related news, Director Barry Zwarenstein sold 1,250 shares of the stock in a transaction dated Thursday, July 23rd. The shares were sold at an average price of $80.10, for a total value of $100,125.00. Following the completion of the sale, the director owned 31,687 shares in the company, valued at approximately $2,538,128.70. This trade represents a 3.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Yoav Landman sold 45,000 shares of JFrog stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $90.86, for a total value of $4,088,700.00. Following the sale, the chief technology officer directly owned 5,448,338 shares in the company, valued at approximately $495,035,990.68. This trade represents a 0.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 875,334 shares of company stock valued at $76,586,337. Company insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On JFrog

Several large investors have recently added to or reduced their stakes in FROG. Snowden Capital Advisors LLC grew its holdings in shares of JFrog by 1.7% during the second quarter. Snowden Capital Advisors LLC now owns 15,183 shares of the company’s stock worth $666,000 after purchasing an additional 253 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of JFrog by 2.0% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,184 shares of the company’s stock valued at $948,000 after buying an additional 299 shares during the last quarter. Praxis Investment Management Inc. raised its holdings in shares of JFrog by 8.0% in the first quarter. Praxis Investment Management Inc. now owns 4,430 shares of the company’s stock valued at $208,000 after buying an additional 330 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in JFrog by 5.8% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,897 shares of the company’s stock worth $326,000 after buying an additional 377 shares in the last quarter. Finally, Millstone Evans Group LLC lifted its position in JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after buying an additional 427 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

About JFrog

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.