JFrog Ltd. $FROG Shares Acquired by Clal Insurance Enterprises Holdings Ltd

Clal Insurance Enterprises Holdings Ltd grew its stake in JFrog Ltd. (NASDAQ:FROG) by 5.4% during the second quarter, Holdings Channel.com reports. The fund owned 976,812 shares of the company’s stock after acquiring an additional 50,000 shares during the period. Clal Insurance Enterprises Holdings Ltd’s holdings in JFrog were worth $42,863,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FROG. Raymond James Financial Inc. lifted its stake in JFrog by 3.2% during the first quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company’s stock worth $34,308,000 after purchasing an additional 33,236 shares in the last quarter. Nishkama Capital LLC acquired a new stake in shares of JFrog in the first quarter valued at $6,561,000. T. Rowe Price Investment Management Inc. raised its holdings in shares of 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 buying an additional 1,037,482 shares during the period. Malaga Cove Capital LLC acquired a new position in JFrog during the 1st quarter worth about $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in JFrog by 14.7% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 605,721 shares of the company’s stock worth $19,383,000 after acquiring an additional 77,461 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Trading Up 2.1%

Shares of FROG opened at $58.09 on Wednesday. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of -82.99 and a beta of 1.02. The firm’s fifty day simple moving average is $50.29 and its 200-day simple moving average is $45.53. JFrog Ltd. has a twelve month low of $27.00 and a twelve month high of $65.50.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The firm had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. JFrog’s revenue for the quarter was up 25.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. On average, analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FROG. Oppenheimer upgraded shares of JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price target on the stock in a research note on Friday, November 7th. Piper Sandler upped their target price on shares of JFrog from $48.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. KeyCorp raised 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. Needham & Company LLC upped their price objective on JFrog from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, JPMorgan Chase & Co. lifted their target price on JFrog from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.69.

Insider Buying and Selling at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 4,908 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $47.29, for a total transaction of $232,099.32. Following the sale, the chief financial officer owned 136,165 shares of the company’s stock, valued at approximately $6,439,242.85. This trade represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $46.01, for a total transaction of $690,150.00. Following the sale, the chief executive officer owned 4,869,152 shares of the company’s stock, valued at $224,029,683.52. This represents a 0.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 546,492 shares of company stock worth $27,553,950. 14.10% of the stock is currently owned by corporate insiders.

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.