JFrog (NASDAQ:FROG) Trading Up 4.2% Following Analyst Upgrade

JFrog Ltd. (NASDAQ:FROG) was up 4.2% during trading on Wednesday after Royal Bank Of Canada upgraded the stock to a moderate buy rating. The stock traded as high as $91.78 and last traded at $93.2490. Approximately 69,857 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 2,933,112 shares. The stock had previously closed at $89.48.

Several other research firms have also issued reports on FROG. Barclays reissued an “overweight” rating and issued a $110.00 target price on shares of JFrog in a report on Friday, August 7th. Citigroup reiterated a “buy” rating on shares of JFrog in a research report on Monday, June 8th. Cantor Fitzgerald increased their price objective on shares of JFrog from $80.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Morgan Stanley set a $100.00 price objective on shares of JFrog in a research report on Friday, August 7th. Finally, UBS Group lifted their target price on shares of JFrog from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $106.36.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 93,072 shares of the company’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $84.60, for a total value of $7,873,891.20. Following the completion of the transaction, the chief executive officer directly owned 4,658,236 shares in the company, valued at $394,086,765.60. This represents a 1.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 that occurred on Monday, June 1st. The shares were sold at an average price of $85.84, for a total transaction of $10,300,800.00. Following the sale, the director directly owned 3,224,328 shares of the company’s stock, valued at approximately $276,776,315.52. This trade represents a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 875,334 shares of company stock valued at $76,586,337 in the last 90 days. 11.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On JFrog

Institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its stake in JFrog by 9,666.3% in the 2nd quarter. California State Teachers Retirement System now owns 10,839,803 shares of the company’s stock worth $985,121,000 after purchasing an additional 10,728,811 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of JFrog by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 9,505,832 shares of the company’s stock valued at $593,734,000 after purchasing an additional 362,654 shares during the last quarter. Whale Rock Capital Management LLC grew its position in shares of JFrog by 82.2% during the fourth quarter. Whale Rock Capital Management LLC now owns 5,297,812 shares of the company’s stock valued at $330,901,000 after purchasing an additional 2,389,415 shares in the last quarter. Wasatch Advisors LP grew its position in shares of JFrog by 187.4% during the first quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock valued at $195,043,000 after purchasing an additional 2,710,167 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of JFrog by 85,066.4% in the first quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock worth $157,796,000 after purchasing an additional 3,358,422 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Stock Up 12.1%

The stock has a market capitalization of $12.83 billion, a P/E ratio of -281.15 and a beta of 1.22. The company has a fifty day moving average price of $87.77 and a 200-day moving average price of $66.80.

JFrog (NASDAQ:FROG) last announced 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. The company had revenue of $163.77 million during the quarter, compared to analyst estimates of $155.63 million. JFrog had a negative return on equity of 2.71% and a negative net margin of 7.35%.The firm’s revenue was up 28.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 earnings per share. 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, research analysts expect that JFrog Ltd. will post -0.11 earnings per share for the current fiscal year.

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.