JFrog (NASDAQ:FROG) Trading Down 5% – Here’s Why

Shares of JFrog Ltd. (NASDAQ:FROG) dropped 5% during mid-day trading on Friday . The stock traded as low as $59.12 and last traded at $59.3470. Approximately 493,118 shares changed hands during trading, a decline of 75% from the average daily volume of 1,981,182 shares. The stock had previously closed at $62.46.

Analyst Ratings Changes

Several analysts recently commented on FROG shares. KeyCorp increased their target price on shares of JFrog from $71.00 to $79.00 and gave the company an “overweight” rating in a research note on Tuesday, December 16th. Robert W. Baird raised their price objective on JFrog from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. lifted their target price on JFrog from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Canaccord Genuity Group upped their target price on JFrog from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Oppenheimer raised JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, JFrog currently has an average rating of “Moderate Buy” and an average target price of $64.35.

JFrog Stock Down 8.0%

The firm has a market cap of $6.80 billion, a price-to-earnings ratio of -82.76 and a beta of 1.13. The company has a 50-day moving average price of $60.42 and a 200 day moving average price of $50.54.

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, topping the consensus estimate of $0.16 by $0.06. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The firm had revenue of $136.91 million during the quarter, compared to the consensus estimate of $128.28 million. During the same period in the prior year, the business earned $0.15 EPS. The business’s revenue for the quarter was up 25.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. Equities analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Transactions at JFrog

In other news, Director Yvonne Wassenaar sold 1,372 shares of the company’s stock in a transaction on Monday, October 20th. The shares were sold at an average price of $47.94, for a total value of $65,773.68. Following the transaction, the director directly owned 29,307 shares of the company’s stock, valued at approximately $1,404,977.58. This represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Tali Notman sold 13,357 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $64.80, for a total value of $865,533.60. Following the sale, the executive owned 631,325 shares of the company’s stock, valued at approximately $40,909,860. This represents a 2.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 397,229 shares of company stock worth $23,710,457. 14.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of JFrog by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,143,178 shares of the company’s stock worth $432,747,000 after purchasing an additional 224,513 shares in the last quarter. Wasatch Advisors LP increased its holdings in JFrog by 6.0% in the third quarter. Wasatch Advisors LP now owns 2,710,886 shares of the company’s stock worth $128,306,000 after buying an additional 153,283 shares during the last quarter. Alliancebernstein L.P. raised its position in JFrog by 1,974.0% during the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock valued at $68,832,000 after acquiring an additional 2,047,294 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in JFrog by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 1,903,396 shares of the company’s stock valued at $83,521,000 after acquiring an additional 56,213 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in JFrog by 11.8% in the third quarter. Bank of America Corp DE now owns 1,607,498 shares of the company’s stock valued at $76,083,000 after acquiring an additional 170,146 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

About JFrog

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.