JFrog (NASDAQ:FROG) Stock Jumps 6.5% – What’s Next?

JFrog Ltd. (NASDAQ:FROG) shares rose 6.5% on Wednesday. The stock traded as high as $95.68 and last traded at $96.2750. 597,436 shares were traded during mid-day trading, a decline of 79% from the average session volume of 2,802,124 shares. The stock had previously closed at $90.37.

Wall Street Analysts Forecast Growth

FROG has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $115.00 target price on shares of JFrog in a report on Thursday, September 3rd. KeyCorp increased their price objective on shares of JFrog from $89.00 to $114.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Canaccord Genuity Group set a $105.00 price objective on shares of JFrog in a research note on Friday, August 7th. Cantor Fitzgerald boosted their target price on JFrog from $80.00 to $100.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, Benchmark upped their target price on JFrog from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Twenty-one investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $109.48.

JFrog Stock Up 6.9%

The stock’s 50 day moving average price is $88.91 and its 200-day moving average price is $74.43. The stock has a market capitalization of $11.91 billion, a PE ratio of -260.36 and a beta of 1.28.

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

Insider Activity

In related news, CRO Tali Notman sold 18,794 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $86.98, for a total value of $1,634,702.12. Following the transaction, the executive owned 668,678 shares of the company’s stock, valued at $58,161,612.44. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eduard Grabscheid sold 8,436 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $91.60, for a total value of $772,737.60. Following the transaction, the chief financial officer owned 192,060 shares in the company, valued at $17,592,696. The trade was a 4.21% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 796,153 shares of company stock valued at $74,553,216. Insiders own 11.80% of the company’s stock.

Hedge Funds Weigh In On JFrog

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its stake in shares of JFrog by 85,066.4% during the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock valued at $157,796,000 after buying an additional 3,358,422 shares during the period. Wasatch Advisors LP grew its holdings in JFrog by 187.4% during the 1st quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock worth $195,043,000 after acquiring an additional 2,710,167 shares in the last quarter. Swedbank AB purchased a new position in JFrog during the 1st quarter valued at about $78,872,000. Anatole Investment Management Ltd purchased a new position in JFrog during the 4th quarter valued at about $86,557,000. Finally, Norges Bank bought a new stake in shares of JFrog in the 4th quarter valued at about $76,427,000. Institutional investors own 85.02% of the company’s stock.

JFrog Company Profile

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.