Morgan Stanley Raises JFrog (NASDAQ:FROG) Price Target to $65.00

JFrog (NASDAQ:FROG) had its price objective lifted by equities researchers at Morgan Stanley from $50.00 to $65.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s target price would suggest a potential upside of 36.86% from the company’s previous close.

Several other research firms have also weighed in on FROG. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a report on Saturday, September 27th. Raymond James Financial upped their price objective on JFrog from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Piper Sandler reaffirmed a “neutral” rating and issued a $48.00 price objective (up previously from $40.00) on shares of JFrog in a research report on Friday, August 8th. Stifel Nicolaus upped their price objective on JFrog from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Finally, Canaccord Genuity Group upped their price objective on JFrog from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, September 11th. Fifteen investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $51.69.

JFrog Trading Down 1.2%

NASDAQ:FROG traded down $0.58 during midday trading on Monday, hitting $47.50. 67,105 shares of the company traded hands, compared to its average volume of 1,124,335. The firm’s fifty day moving average is $46.77 and its 200-day moving average is $41.18. JFrog has a 12-month low of $27.00 and a 12-month high of $51.94. The firm has a market capitalization of $5.54 billion, a P/E ratio of -61.65 and a beta of 1.05.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The company had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. During the same quarter in the prior year, the firm posted $0.15 EPS. JFrog’s quarterly revenue was up 23.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, research analysts expect that JFrog will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 50,000 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the transaction, the director owned 4,154,903 shares of the company’s stock, valued at approximately $195,737,480.33. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ben Haim Shlomi sold 38,159 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $50.32, for a total value of $1,920,160.88. Following the transaction, the chief executive officer directly owned 4,899,512 shares in the company, valued at $246,543,443.84. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 480,120 shares of company stock valued at $22,740,727. Insiders own 14.10% of the company’s stock.

Institutional Investors Weigh In On JFrog

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in JFrog by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company’s stock valued at $283,903,000 after purchasing an additional 35,458 shares during the period. TimesSquare Capital Management LLC raised its holdings in shares of JFrog by 6.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company’s stock valued at $115,933,000 after buying an additional 222,635 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings 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 valued at $84,166,000 after buying an additional 1,037,482 shares during the period. Wasatch Advisors LP raised its holdings in shares of JFrog by 3.0% in the 2nd quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company’s stock valued at $112,228,000 after buying an additional 74,153 shares during the period. Finally, Alliancebernstein L.P. raised its holdings in shares of JFrog by 1,974.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock valued at $68,832,000 after buying an additional 2,047,294 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

About JFrog

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.