Voya Investment Management LLC Increases Stake in JFrog Ltd. $FROG

Voya Investment Management LLC grew its position in JFrog Ltd. (NASDAQ:FROG) by 89.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 1,057,257 shares of the company’s stock after purchasing an additional 500,059 shares during the quarter. Voya Investment Management LLC’s holdings in JFrog were worth $50,040,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FROG. Raymond James Financial Inc. boosted its position in shares of JFrog by 3.2% during the first quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company’s stock valued at $34,308,000 after buying an additional 33,236 shares during the last quarter. Nishkama Capital LLC bought a new position in JFrog during the 1st quarter valued at about $6,561,000. 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 valued at $84,166,000 after acquiring an additional 1,037,482 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of JFrog by 3,033.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 291,134 shares of the company’s stock worth $12,775,000 after acquiring an additional 281,844 shares during the period. Finally, Sound View Wealth Advisors Group LLC purchased a new position in shares of JFrog during the second quarter valued at approximately $233,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on FROG. KeyCorp raised their target price on shares of JFrog from $71.00 to $79.00 and gave the stock an “overweight” rating in a report on Tuesday. Needham & Company LLC increased their price target on JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 7th. Cantor Fitzgerald raised their price target on JFrog from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Truist Financial reiterated a “buy” rating and set a $70.00 price objective (up previously from $55.00) on shares of JFrog in a research report on Friday, November 7th. Finally, DA Davidson raised JFrog to a “strong-buy” rating in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $64.35.

JFrog Price Performance

NASDAQ:FROG opened at $66.81 on Friday. JFrog Ltd. has a one year low of $27.00 and a one year high of $70.43. The business has a fifty day moving average price of $57.15 and a 200-day moving average price of $49.13. The firm has a market capitalization of $7.90 billion, a price-to-earnings ratio of -95.44 and a beta of 1.10.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate 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%.JFrog’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 earnings per share. 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 research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Activity at JFrog

In other JFrog news, Director Yvonne Wassenaar sold 1,372 shares of JFrog stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $47.94, for a total transaction of $65,773.68. Following the transaction, the director owned 29,307 shares of the company’s stock, valued at $1,404,977.58. The trade was a 4.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $48.08, for a total transaction of $721,200.00. Following the completion of the transaction, the chief executive officer owned 4,884,152 shares of the company’s stock, valued at approximately $234,830,028.16. The trade was a 0.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 398,601 shares of company stock worth $23,778,920 in the last quarter. 14.10% of the stock is currently owned by insiders.

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.