JFrog (NASDAQ:FROG) Hits New 12-Month High – Here’s Why

JFrog Ltd. (NASDAQ:FROG) shares hit a new 52-week high on Wednesday . The stock traded as high as $72.36 and last traded at $72.28, with a volume of 1082198 shares. The stock had previously closed at $70.63.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on FROG. Piper Sandler cut their target price on JFrog from $70.00 to $65.00 and set a “neutral” rating on the stock in a research report on Friday, February 13th. KeyCorp increased their target price on JFrog from $83.00 to $86.00 and gave the stock an “overweight” rating in a research report on Friday. Canaccord Genuity Group cut their price objective on JFrog from $75.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. JPMorgan Chase & Co. raised their price objective on JFrog from $68.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $80.00 price objective on shares of JFrog in a research report on Friday, May 8th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.89.

JFrog Price Performance

The firm has a 50-day simple moving average of $50.39 and a 200 day simple moving average of $54.21. The company has a market capitalization of $8.92 billion, a PE ratio of -138.88 and a beta of 1.02.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. JFrog had a negative return on equity of 4.61% and a negative net margin of 10.93%.The company had revenue of $153.98 million for the quarter, compared to analyst estimates of $147.45 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s revenue was up 25.8% compared to the same quarter last year. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. Equities research analysts expect that JFrog Ltd. will post -0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CRO Tali Notman sold 21,097 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $41.28, for a total transaction of $870,884.16. Following the completion of the sale, the executive directly owned 752,598 shares in the company, valued at $31,067,245.44. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $52.27, for a total value of $1,306,750.00. Following the sale, the chief executive officer owned 4,715,249 shares of the company’s stock, valued at $246,466,065.23. This represents a 0.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 512,503 shares of company stock valued at $26,505,431 over the last ninety days. Insiders own 11.80% of the company’s stock.

Institutional Trading of JFrog

Large investors have recently modified their holdings of the business. Blue Trust Inc. acquired a new stake in shares of JFrog during the fourth quarter valued at about $30,000. Millstone Evans Group LLC grew its stake in shares of JFrog by 242.6% during the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock valued at $28,000 after acquiring an additional 427 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of JFrog by 318.7% during the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after acquiring an additional 478 shares in the last quarter. Western Wealth Management LLC acquired a new stake in shares of JFrog during the first quarter valued at about $30,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of JFrog during the fourth quarter valued at about $44,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

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.