Cantor Fitzgerald Reaffirms “Overweight” Rating for JFrog (NASDAQ:FROG)

JFrog (NASDAQ:FROG)‘s stock had its “overweight” rating restated by Cantor Fitzgerald in a research note issued on Wednesday, Benzinga reports. They presently have a $115.00 price objective on the stock. Cantor Fitzgerald‘s price target suggests a potential upside of 29.96% from the stock’s current price.

A number of other analysts also recently weighed in on FROG. Truist Financial increased their target price on shares of JFrog from $110.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, October 21st. Stifel Nicolaus set a $102.00 price target on shares of JFrog in a research report on Friday, September 4th. TD Cowen reaffirmed a “buy” rating and issued a $120.00 price objective on shares of JFrog in a research note on Thursday, September 3rd. Needham & Company LLC reiterated a “buy” rating and set a $115.00 price objective on shares of JFrog in a research report on Thursday, September 3rd. Finally, Piper Sandler increased their price objective on shares of JFrog from $65.00 to $90.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Twenty-one analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $110.67.

JFrog Stock Up 4.0%

Shares of NASDAQ:FROG opened at $88.49 on Wednesday. The firm has a market cap of $10.91 billion, a P/E ratio of -239.16 and a beta of 1.31. JFrog has a 12-month low of $34.05 and a 12-month high of $105.76. The business has a fifty day simple moving average of $93.91 and a 200 day simple moving average of $72.13.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. JFrog had a negative return on equity of 2.71% and a negative net margin of 7.35%. The firm had revenue of $163.77 million for the quarter, compared to analyst estimates of $155.63 million. During the same quarter in the previous year, the company posted $0.18 EPS. The business’s revenue was up 28.7% on a year-over-year basis. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. As a group, equities research analysts expect that JFrog will post -0.11 EPS for the current year.

Insider Activity at JFrog

In related news, Director Barry Zwarenstein sold 1,250 shares of the business’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $90.10, for a total transaction of $112,625.00. Following the transaction, the director owned 29,187 shares in the company, valued at $2,629,748.70. The trade was a 4.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederic Simon sold 120,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $97.24, for a total transaction of $11,668,800.00. Following the transaction, the director directly owned 2,744,328 shares in the company, valued at approximately $266,858,454.72. This represents a 4.19% 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. Over the last quarter, insiders have sold 915,453 shares of company stock worth $86,664,266. Corporate insiders own 11.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Millstone Evans Group LLC boosted its holdings in JFrog by 242.6% during the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after purchasing an additional 427 shares during the last quarter. Western Wealth Management LLC purchased a new stake in JFrog in the 1st quarter valued at about $30,000. Bessemer Group Inc. bought a new position in shares of JFrog during the 1st quarter worth approximately $36,000. Allworth Financial LP boosted its stake in shares of JFrog by 83.1% in the 2nd quarter. Allworth Financial LP now owns 648 shares of the company’s stock worth $59,000 after buying an additional 294 shares during the last quarter. Finally, GK Wealth Management LLC purchased a new position in shares of JFrog in the 3rd quarter worth approximately $74,000. 85.02% of the stock is owned by institutional investors and hedge funds.

About JFrog

JFrog Ltd. is a software company that provides a platform for managing, securing and distributing software packages and releases throughout the application development lifecycle. Its technology is designed to help organizations move software reliably from development through production across cloud, on-premises and hybrid environments.

The company’s products include JFrog Artifactory, a repository for storing and managing software packages and container images; JFrog Xray, which provides security and compliance analysis for software components; and tools for continuous integration, continuous delivery, software distribution and release management.