JFrog (NASDAQ:FROG) Raised to “Buy” at Wall Street Zen

JFrog (NASDAQ:FROG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also weighed in on FROG. KeyCorp raised their price target on shares of JFrog from $89.00 to $114.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $118.00 price objective on shares of JFrog in a report on Thursday, September 3rd. Raymond James Financial set a $120.00 price objective on JFrog in a report on Friday, August 7th. UBS Group increased their price objective on JFrog from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, BTIG Research reiterated a “buy” rating and issued a $115.00 price objective on shares of JFrog in a research report on Friday, September 4th. Twenty-one research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $109.48.

JFrog Stock Performance

FROG opened at $102.23 on Friday. The stock has a market capitalization of $12.60 billion, a PE ratio of -276.29 and a beta of 1.24. JFrog has a 1-year low of $34.05 and a 1-year high of $105.76. The firm has a 50-day moving average price of $91.99 and a two-hundred day moving average price of $77.55.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $163.77 million during the quarter, compared to the consensus estimate of $155.63 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The company’s revenue was up 28.7% on a year-over-year basis. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. On average, research analysts predict that JFrog will post -0.11 EPS for the current year.

Insider Activity at JFrog

In other JFrog news, CTO Yoav Landman sold 249,300 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $100.72, for a total value of $25,109,496.00. Following the transaction, the chief technology officer directly owned 5,199,038 shares of the company’s stock, valued at approximately $523,647,107.36. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Shlomi Ben Haim sold 45,700 shares of JFrog stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $85.35, for a total transaction of $3,900,495.00. Following the sale, the chief executive officer directly owned 4,449,305 shares of the company’s stock, valued at $379,748,181.75. This represents a 1.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 960,453 shares of company stock worth $90,577,116 over the last ninety days. Company insiders own 11.80% of the company’s stock.

Institutional Trading of JFrog

Several institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP increased its stake in JFrog by 85,066.4% in the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock valued at $157,796,000 after purchasing an additional 3,358,422 shares in the last quarter. Wasatch Advisors LP raised its holdings in JFrog by 187.4% in the first quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock worth $195,043,000 after purchasing an additional 2,710,167 shares during the period. Swedbank AB bought a new position in shares of JFrog during the first quarter worth $78,872,000. Anatole Investment Management Ltd bought a new position in shares of JFrog during the fourth quarter worth $86,557,000. Finally, Stephens Investment Management Group LLC bought a new position in shares of JFrog during the first quarter worth $41,956,000. Institutional investors own 85.02% of the company’s stock.

About JFrog

JFrog Ltd. develops a software supply chain platform that helps organizations build, manage, secure and distribute software across cloud, on-premises and hybrid environments. Its platform is designed to support DevOps and DevSecOps workflows by connecting software development, security and operations teams throughout the application lifecycle.

The company’s product portfolio includes JFrog Artifactory, a repository for storing and managing software packages and artifacts; JFrog Xray, which provides security and compliance analysis; and tools for software release automation, distribution, artifact curation and runtime protection.