JFrog (NASDAQ:FROG) Stock Price Target Raised at Truist Financial

JFrog (NASDAQ:FROG) had its target price lifted by analysts at Truist Financial from $110.00 to $115.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price target would indicate a potential upside of 20.11% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. Raymond James Financial set a $120.00 target price on JFrog in a research report on Friday, August 7th. Needham & Company LLC restated a “buy” rating and set a $115.00 target price on shares of JFrog in a research report on Thursday, September 3rd. JPMorgan Chase & Co. raised their target price on shares of JFrog from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Guggenheim lifted their price target on shares of JFrog from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, TD Cowen reiterated a “buy” rating and set a $120.00 price target on shares of JFrog in a research report on Thursday, September 3rd. Twenty-one investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $109.95.

JFrog Stock Performance

FROG traded up $3.38 during midday trading on Wednesday, hitting $95.75. The company had a trading volume of 49,424 shares, compared to its average volume of 2,726,950. JFrog has a twelve month low of $34.05 and a twelve month high of $105.76. The company has a market capitalization of $11.81 billion, a PE ratio of -257.29 and a beta of 1.24. The firm’s 50-day simple moving average is $93.04 and its 200-day simple moving average is $79.90.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results 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. 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 analyst estimates of $155.63 million. During the same quarter last year, the business posted $0.18 earnings per share. JFrog’s revenue for the quarter 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. As a group, sell-side analysts anticipate that JFrog will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $97.24, for a total transaction of $11,668,800.00. Following the transaction, the director directly owned 2,744,328 shares of the company’s stock, valued at $266,858,454.72. This trade represents a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available 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 the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $97.27, for a total value of $4,377,150.00. Following the sale, the chief technology officer directly owned 5,109,038 shares in the company, valued at $496,956,126.26. The trade was a 0.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 915,453 shares of company stock valued at $86,651,766. 11.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On JFrog

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP boosted its stake in JFrog by 85,066.4% in the 1st quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock worth $157,796,000 after purchasing an additional 3,358,422 shares during the period. Wasatch Advisors LP grew its holdings in shares of JFrog by 187.4% during the first quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock worth $195,043,000 after buying an additional 2,710,167 shares in the last quarter. Swedbank AB acquired a new position in JFrog during the 1st quarter worth approximately $78,872,000. Stephens Investment Management Group LLC bought a new position in shares of JFrog during the 1st quarter worth approximately $41,956,000. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of JFrog by 78.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,964,925 shares of the company’s stock valued at $92,214,000 after purchasing an additional 861,835 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

About JFrog

JFrog Ltd. is a software company that provides a platform for managing, securing and distributing software packages and releases throughout the application development lifecycle. Its technology is designed to help organizations move software reliably from development through production across cloud, on-premises and hybrid environments.

The company’s products include JFrog Artifactory, a repository for storing and managing software packages and container images; JFrog Xray, which provides security and compliance analysis for software components; and tools for continuous integration, continuous delivery, software distribution and release management.