JFrog stock rose Friday on a report that the software company has potentially become an acquisition target.
JFrog has drawn the attention of several private equity firms interested in a takeover, Bloomberg reported, citing unnamed sources.
The firms include Permira and Hellman & Friedman, the report said.
However, a JFrog spokesperson said JFrog "is not in discussions" with any firm "regarding M&A at this time."
JFrog stock rallied premarket, and was last up nearly 2% at 30.24 in morning trades.
The company is a widely-used platform for software developers used by major tech companies, including big-name clients like Netflix, Amazon, Facebook parent Meta Platforms and Google parent Alphabet.
JFrog has emerged as an important player in the growing artificial intelligence trend. Last month, the company announced a collaboration with AI leader Nvidia to offer "a unified, simple approach" to deploying AI programs.
JFrog will report third-quarter earnings on Nov. 7, the company announced Thursday.
