JFrog Ltd. $FROG Stake Lessened by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. trimmed its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 8.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,619 shares of the company’s stock after selling 12,061 shares during the quarter. Thornburg Investment Management Inc. owned approximately 0.11% of JFrog worth $5,600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Northwest & Ethical Investments L.P. acquired a new position in JFrog in the second quarter worth about $171,000. Russell Investments Group Ltd. raised its position in shares of JFrog by 9,664.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,889 shares of the company’s stock valued at $566,000 after acquiring an additional 12,757 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in JFrog by 20.6% during the second quarter. Segall Bryant & Hamill LLC now owns 347,326 shares of the company’s stock worth $15,241,000 after purchasing an additional 59,261 shares during the last quarter. Franklin Resources Inc. boosted its holdings in JFrog by 0.8% in the second quarter. Franklin Resources Inc. now owns 398,403 shares of the company’s stock worth $17,482,000 after purchasing an additional 3,301 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new stake in JFrog during the second quarter valued at $2,102,000. Institutional investors own 85.02% of the company’s stock.

Insider Buying and Selling at JFrog

In other news, CEO Ben Haim Shlomi sold 15,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 4,869,152 shares in the company, valued at approximately $224,029,683.52. This represents a 0.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Tali Notman sold 13,067 shares of the company’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $50.26, for a total value of $656,747.42. Following the sale, the executive directly owned 658,842 shares of the company’s stock, valued at approximately $33,113,398.92. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 385,125 shares of company stock valued at $20,781,626 over the last quarter. Company insiders own 14.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on FROG. Barclays raised their price target on shares of JFrog from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. JPMorgan Chase & Co. increased their target price on JFrog from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of JFrog from $65.00 to $70.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. Finally, Needham & Company LLC boosted their target price on shares of JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.69.

JFrog Price Performance

FROG opened at $60.97 on Thursday. The business has a 50 day moving average price of $51.69 and a two-hundred day moving average price of $46.52. The company has a market capitalization of $7.21 billion, a price-to-earnings ratio of -87.10 and a beta of 1.02. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $65.50.

JFrog (NASDAQ:FROG) last posted 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 company had revenue of $136.91 million for 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 company’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. Equities analysts expect that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

JFrog 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.