1832 Asset Management L.P. Invests $4.35 Million in JFrog Ltd. $FROG

Key Points

• 1832 Asset Management L.P. invested approximately $4.35 million in JFrog Ltd., acquiring 136,000 shares and owning about 0.12% of the company as of the last quarter.
• JFrog reported quarterly earnings of $0.18 EPS, surpassing expectations, with revenue reaching $127.20 million, a 23.5% increase year-over-year.
• Analysts have mostly given JFrog a rating of Moderate Buy, with an average target price of $46.87, suggesting confidence in the stock's performance.

1832 Asset Management L.P. bought a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 136,000 shares of the company's stock, valued at approximately $4,352,000. 1832 Asset Management L.P. owned about 0.12% of JFrog at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FROG. Signaturefd LLC increased its stake in JFrog by 90.9% in the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after purchasing an additional 597 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after purchasing an additional 329 shares during the period. Bayforest Capital Ltd bought a new position in shares of JFrog in the first quarter worth approximately $104,000. Tower Research Capital LLC TRC grew its holdings in shares of JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after purchasing an additional 5,297 shares during the last quarter. Finally, IFP Advisors Inc increased its stake in shares of JFrog by 10.2% in the first quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock worth $190,000 after buying an additional 548 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Trading Up 0.3%

NASDAQ:FROG opened at $47.04 on Monday. The company has a 50-day moving average price of $42.43 and a 200-day moving average price of $38.52. The stock has a market cap of $5.49 billion, a price-to-earnings ratio of -61.09 and a beta of 1.06. JFrog Ltd. has a 12 month low of $25.94 and a 12 month high of $47.48.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The company had revenue of $127.20 million for the quarter, compared to analysts' expectations of $122.80 million. During the same quarter in the previous year, the company earned $0.15 earnings per share. JFrog's quarterly revenue was up 23.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Equities analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on FROG. Needham & Company LLC reissued a "buy" rating and set a $55.00 price target (up previously from $46.00) on shares of JFrog in a research report on Friday, August 8th. Robert W. Baird set a $47.00 price objective on shares of JFrog and gave the company an "outperform" rating in a research note on Monday, August 4th. Morgan Stanley increased their target price on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Raymond James Financial raised their target price on JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Finally, Barclays boosted their price target on JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $46.87.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 54,279 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.07, for a total value of $2,337,796.53. Following the completion of the transaction, the chief executive officer owned 4,996,412 shares of the company's stock, valued at approximately $215,195,464.84. This represents a 1.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total value of $1,459,850.00. Following the completion of the transaction, the director owned 4,239,903 shares of the company's stock, valued at approximately $176,846,354.13. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 308,338 shares of company stock worth $13,154,150. Company insiders own 14.10% of the company's stock.

About JFrog

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.

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