Bayforest Capital Ltd Sells 1,122 Shares of JFrog Ltd. $FROG

Bayforest Capital Ltd lessened its holdings in JFrog Ltd. (NASDAQ:FROG) by 34.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,136 shares of the company’s stock after selling 1,122 shares during the period. Bayforest Capital Ltd’s holdings in JFrog were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FROG. Alliancebernstein L.P. raised its position in shares of JFrog by 1,974.0% in the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock valued at $68,832,000 after purchasing an additional 2,047,294 shares during the period. Eminence Capital LP acquired a new position in JFrog in the 1st quarter valued at about $43,268,000. T. Rowe Price Investment Management Inc. raised its holdings in JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock valued at $84,166,000 after acquiring an additional 1,037,482 shares during the period. Alyeska Investment Group L.P. acquired a new stake in JFrog during the first quarter worth approximately $22,971,000. Finally, Trexquant Investment LP bought a new stake in shares of JFrog during the first quarter worth approximately $10,095,000. 85.02% of the stock is owned by institutional investors.

JFrog Price Performance

JFrog stock opened at $47.34 on Friday. The firm has a market cap of $5.53 billion, a PE ratio of -61.48 and a beta of 1.05. The stock’s fifty day moving average price is $47.69 and its two-hundred day moving average price is $42.04. JFrog Ltd. has a one year low of $27.00 and a one year high of $51.94.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The company had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. During the same period in the prior year, the firm posted $0.15 EPS. JFrog’s quarterly revenue was up 23.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In other news, Director Frederic Simon sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the completion of the sale, the director owned 4,154,903 shares of the company’s stock, valued at approximately $195,737,480.33. This represents a 1.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 102,419 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $49.73, for a total transaction of $5,093,296.87. Following the sale, the chief technology officer owned 6,081,087 shares in the company, valued at $302,412,456.51. This represents a 1.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 480,120 shares of company stock valued at $23,018,027 in the last ninety days. 14.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on FROG. Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 target price on shares of JFrog in a research note on Monday, September 15th. TD Cowen increased their price objective on JFrog from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Friday. Cowen reissued a “buy” rating on shares of JFrog in a report on Friday. Robert W. Baird upped their price target on shares of JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $55.00 price objective on shares of JFrog in a research note on Wednesday, September 10th. Fifteen investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.13.

JFrog Company Profile

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.