Research Analysts’ Recent Ratings Changes for JFrog (FROG)

A number of firms have modified their ratings and price targets on shares of JFrog (NASDAQ: FROG) recently:

• 9/16/2024 – JFrog had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $33.00 price target on the stock.
• 9/12/2024 – JFrog had its price target raised by analysts at KeyCorp from $30.00 to $32.00. They now have an “overweight” rating on the stock.
• 9/11/2024 – JFrog had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $35.00 price target on the stock.
• 9/11/2024 – JFrog had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $40.00 price target on the stock.
• 9/5/2024 – JFrog had its price target raised by analysts at Needham & Company LLC from $30.00 to $33.00. They now have a “buy” rating on the stock.
• 8/27/2024 – JFrog was upgraded by analysts at Baird R W to a “strong-buy” rating.
• 8/27/2024 – JFrog is now covered by analysts at Robert W. Baird. They set an “outperform” rating and a $32.00 price target on the stock.
• 8/9/2024 – JFrog had its price target lowered by analysts at Barclays PLC from $50.00 to $40.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – JFrog had its price target lowered by analysts at Scotiabank from $40.00 to $25.00. They now have a “sector perform” rating on the stock.
• 8/8/2024 – JFrog had its price target lowered by analysts at KeyCorp from $46.00 to $30.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – JFrog had its price target lowered by analysts at Cantor Fitzgerald from $45.00 to $35.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – JFrog had its price target lowered by analysts at Morgan Stanley from $47.00 to $33.00. They now have an “overweight” rating on the stock.
• 8/8/2024 – JFrog had its price target lowered by analysts at Piper Sandler from $40.00 to $32.00. They now have a “neutral” rating on the stock.
• 8/8/2024 – JFrog was downgraded by analysts at Oppenheimer Holdings Inc. from an “outperform” rating to a “market perform” rating.
• 8/8/2024 – JFrog had its price target lowered by analysts at TD Cowen from $50.00 to $32.00. They now have a “buy” rating on the stock.
• 8/8/2024 – JFrog had its price target lowered by analysts at Stifel Nicolaus from $45.00 to $30.00. They now have a “buy” rating on the stock.
• 8/8/2024 – JFrog had its price target lowered by analysts at Bank of America Co. from $54.00 to $44.00. They now have a “buy” rating on the stock.
• 8/8/2024 – JFrog had its price target lowered by analysts at UBS Group AG from $41.00 to $30.00. They now have a “buy” rating on the stock.
• 8/8/2024 – JFrog had its price target lowered by analysts at Truist Financial Co. from $50.00 to $30.00. They now have a “buy” rating on the stock.
• 8/8/2024 – JFrog had its price target lowered by analysts at Canaccord Genuity Group Inc. from $48.00 to $38.00. They now have a “buy” rating on the stock.

JFrog Trading Up 1.1 %

NASDAQ FROG opened at $29.26 on Monday. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81. The stock has a market cap of $2.98 billion, a P/E ratio of -62.26 and a beta of 0.93. The stock’s fifty day moving average price is $29.93 and its 200-day moving average price is $34.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The business had revenue of $103.04 million for the quarter, compared to analysts’ expectations of $103.53 million. As a group, analysts forecast that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $25.68, for a total value of $385,200.00. Following the transaction, the chief technology officer now owns 6,642,242 shares of the company’s stock, valued at $170,572,774.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total transaction of $1,356,250.00. Following the sale, the director now owns 4,549,432 shares of the company’s stock, valued at approximately $176,290,490. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $25.68, for a total value of $385,200.00. Following the sale, the chief technology officer now directly owns 6,642,242 shares in the company, valued at approximately $170,572,774.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,481 shares of company stock valued at $6,407,447. Insiders own 15.70% of the company’s stock.

Institutional Trading of JFrog

Several institutional investors and hedge funds have recently added to or reduced their stakes in FROG. Assenagon Asset Management S.A. purchased a new position in shares of JFrog in the 2nd quarter worth approximately $6,576,000. Quadrature Capital Ltd purchased a new position in JFrog during the 4th quarter valued at $2,206,000. Russell Investments Group Ltd. boosted its holdings in JFrog by 394.2% during the 1st quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company’s stock valued at $1,268,000 after acquiring an additional 22,864 shares during the period. Syon Capital LLC purchased a new position in JFrog during the 4th quarter valued at $22,086,000. Finally, Thornburg Investment Management Inc. bought a new stake in JFrog during the 1st quarter valued at $5,337,000. Institutional investors own 85.02% of the company’s stock.

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.