Scalar Gauge Management LLC Purchases New Position in JFrog Ltd. $FROG

Scalar Gauge Management LLC acquired a new stake in JFrog Ltd. (NASDAQ:FROG) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 58,000 shares of the company’s stock, valued at approximately $2,745,000. JFrog comprises approximately 1.4% of Scalar Gauge Management LLC’s holdings, making the stock its 22nd largest position.

A number of other institutional investors and hedge funds have also modified their holdings of FROG. Wasatch Advisors LP lifted its holdings in shares of JFrog by 3.0% during the second quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company’s stock valued at $112,228,000 after purchasing an additional 74,153 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of JFrog by 3.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,903,396 shares of the company’s stock valued at $83,521,000 after acquiring an additional 56,213 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in shares of JFrog by 15.4% in the second quarter. Ensign Peak Advisors Inc now owns 1,504,950 shares of the company’s stock worth $66,037,000 after acquiring an additional 200,995 shares during the period. Bank of America Corp DE grew its stake in shares of JFrog by 0.4% in the second quarter. Bank of America Corp DE now owns 1,437,352 shares of the company’s stock worth $63,071,000 after acquiring an additional 6,161 shares during the period. Finally, Norges Bank purchased a new position in shares of JFrog during the second quarter valued at approximately $50,968,000. Institutional investors own 85.02% of the company’s stock.

JFrog Stock Up 2.1%

Shares of FROG opened at $59.63 on Tuesday. The business has a 50-day simple moving average of $62.08 and a two-hundred day simple moving average of $52.59. JFrog Ltd. has a 52 week low of $27.00 and a 52 week high of $70.43. The stock has a market cap of $7.05 billion, a price-to-earnings ratio of -85.19 and a beta of 1.13.

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

Insider Activity at JFrog

In other news, Director Yvonne Wassenaar sold 1,957 shares of the business’s stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $58.70, for a total value of $114,875.90. Following the transaction, the director directly owned 20,495 shares in the company, valued at $1,203,056.50. The trade was a 8.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Yoav Landman sold 70,000 shares of the stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $69.22, for a total value of $4,845,400.00. Following the sale, the chief technology officer owned 5,958,641 shares of the company’s stock, valued at $412,457,130.02. This represents a 1.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 497,814 shares of company stock worth $30,245,410 in the last 90 days. Company insiders own 14.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FROG shares. Barclays lifted their target price on shares of JFrog from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. Wall Street Zen upgraded JFrog from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. JPMorgan Chase & Co. raised 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. Needham & Company LLC boosted their price target on JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a research note on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.71.

JFrog 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.