Cercano Management LLC Reduces Position in JFrog Ltd. $FROG

Cercano Management LLC reduced its holdings in JFrog Ltd. (NASDAQ:FROG) by 22.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 521,809 shares of the company’s stock after selling 147,873 shares during the period. Cercano Management LLC’s holdings in JFrog were worth $22,897,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in JFrog by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company’s stock valued at $283,903,000 after acquiring an additional 35,458 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of JFrog by 65.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock worth $84,166,000 after purchasing an additional 1,037,482 shares during the last quarter. Alliancebernstein L.P. grew 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 in the last quarter. Fiera Capital Corp grew its position in shares of JFrog by 12.2% in the first quarter. Fiera Capital Corp now owns 1,694,635 shares of the company’s stock valued at $54,228,000 after purchasing an additional 184,448 shares in the last quarter. Finally, Praesidium Investment Management Company LLC increased its holdings in shares of JFrog by 8.4% in the first quarter. Praesidium Investment Management Company LLC now owns 1,590,388 shares of the company’s stock valued at $50,892,000 after purchasing an additional 123,160 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JFrog

In other news, Director Frederic Simon sold 100,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $58.84, for a total transaction of $5,884,000.00. Following the completion of the transaction, the director directly owned 3,984,903 shares in the company, valued at $234,471,692.52. This trade represents a 2.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Eduard Grabscheid sold 4,908 shares of JFrog stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $47.29, for a total value of $232,099.32. Following the completion of the sale, the chief financial officer directly owned 136,165 shares of the company’s stock, valued at $6,439,242.85. The trade was a 3.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 546,492 shares of company stock worth $27,553,950 in the last three months. Company insiders own 14.10% of the company’s stock.

JFrog Trading Down 0.8%

Shares of FROG opened at $59.09 on Friday. The company’s 50-day moving average price is $50.00 and its 200 day moving average price is $45.13. JFrog Ltd. has a 12-month low of $27.00 and a 12-month high of $65.50. The firm has a market cap of $6.99 billion, a P/E ratio of -84.41 and a beta of 1.02.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $136.91 million during the quarter, compared to analysts’ expectations of $128.28 million. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. The business’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period last year, the business earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. Equities research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FROG. Piper Sandler boosted their price objective on JFrog from $48.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Cowen reiterated a “buy” rating on shares of JFrog in a report on Friday, October 17th. KeyCorp boosted their price target on shares of JFrog from $57.00 to $71.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Truist Financial restated a “buy” rating and set a $70.00 price objective (up from $55.00) on shares of JFrog in a research report on Friday, November 7th. Finally, Barclays lifted their target price on shares of JFrog from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $62.69.

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.