Barclays Forecasts Strong Price Appreciation for JFrog (NASDAQ:FROG) Stock

JFrog (NASDAQ:FROG) had its price target boosted by equities researchers at Barclays from $57.00 to $67.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 14.77% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Wall Street Zen upgraded shares of JFrog from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Raymond James Financial raised their price target on shares of JFrog from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Needham & Company LLC upped their price target on shares of JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus increased their price objective on shares of JFrog from $45.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, Cowen reaffirmed a “buy” rating on shares of JFrog in a report on Friday, October 17th. Sixteen equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and an average target price of $60.06.

JFrog Price Performance

JFrog stock traded up $11.12 during midday trading on Friday, reaching $58.38. 4,509,212 shares of the company traded hands, compared to its average volume of 1,114,432. JFrog has a 12 month low of $27.00 and a 12 month high of $59.75. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of -76.52 and a beta of 1.02. The business has a 50 day moving average of $48.49 and a two-hundred day moving average of $43.82.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $136.91 million during the quarter, compared to the consensus estimate of $128.28 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The firm’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 EPS. 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 analysts forecast that JFrog will post -0.33 EPS for the current year.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 38,159 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $50.32, for a total transaction of $1,920,160.88. Following the sale, the chief executive officer directly owned 4,899,512 shares of the company’s stock, valued at $246,543,443.84. This represents a 0.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 102,419 shares of JFrog stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.73, for a total value of $5,093,296.87. Following the completion of the transaction, the chief technology officer owned 6,081,087 shares of the company’s stock, valued at $302,412,456.51. The trade was a 1.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 431,492 shares of company stock valued at $20,979,800. Insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On JFrog

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in JFrog by 2.5% during the third quarter. Vanguard Group Inc. now owns 9,143,178 shares of the company’s stock worth $432,747,000 after acquiring an additional 224,513 shares during the last quarter. TimesSquare Capital Management LLC lifted its stake in shares of JFrog by 6.5% in the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company’s stock worth $115,933,000 after acquiring an additional 222,635 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock worth $84,166,000 after purchasing an additional 1,037,482 shares during the last quarter. Wasatch Advisors LP boosted its holdings in JFrog by 3.0% in the second quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company’s stock worth $112,228,000 after purchasing an additional 74,153 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of JFrog by 1,974.0% during the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock worth $68,832,000 after purchasing an additional 2,047,294 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Company Profile

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.