JFrog Ltd. $FROG Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd cut its holdings in JFrog Ltd. (NASDAQ:FROG) by 74.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,907 shares of the company’s stock after selling 52,101 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in JFrog were worth $848,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB grew its holdings in JFrog by 1,086.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock valued at $60,000 after buying an additional 1,152 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of JFrog by 7,185.4% in the second quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock valued at $131,000 after acquiring an additional 2,946 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in shares of JFrog in the second quarter valued at $136,000. Northwest & Ethical Investments L.P. acquired a new stake in shares of JFrog during the second quarter valued at $171,000. Finally, Headlands Technologies LLC purchased a new stake in JFrog during the 2nd quarter worth about $181,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at JFrog

In other news, CEO Ben Haim Shlomi sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $59.66, for a total value of $1,491,500.00. Following the transaction, the chief executive officer directly owned 4,766,893 shares in the company, valued at $284,392,836.38. This trade represents a 0.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Yvonne Wassenaar sold 1,957 shares of JFrog stock in a transaction dated Tuesday, January 6th. The shares were sold at an average price of $58.70, for a total value of $114,875.90. Following the completion of the transaction, the director directly owned 20,495 shares in the company, valued at $1,203,056.50. This represents a 8.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 497,814 shares of company stock valued at $30,245,410 over the last three months. Insiders own 14.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on FROG shares. TD Cowen restated a “buy” rating on shares of JFrog in a report on Friday, October 17th. Piper Sandler boosted their price objective on shares of JFrog from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Monday, January 5th. Truist Financial restated a “buy” rating and set a $70.00 target price (up previously from $55.00) on shares of JFrog in a research report on Friday, November 7th. BTIG Research initiated coverage on JFrog in a report on Tuesday, December 16th. They issued a “buy” rating and a $83.00 price target for the company. Finally, Cantor Fitzgerald increased their price target on JFrog from $70.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.71.

JFrog Stock Down 1.1%

NASDAQ:FROG opened at $54.80 on Monday. The company has a market cap of $6.48 billion, a P/E ratio of -78.29 and a beta of 1.13. The firm’s 50 day moving average is $61.92 and its two-hundred day moving average is $53.07. JFrog Ltd. has a fifty-two week low of $27.00 and a fifty-two week high of $70.43.

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

JFrog Company Profile

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.