5,453 Shares in JFrog Ltd. $FROG Acquired by Truist Financial Corp

Key Points

• Truist Financial Corp acquired a new position in JFrog Ltd., purchasing 5,453 shares valued at approximately $239,000. This signals growing institutional interest in the company.
• JFrog's stock has received multiple analyst upgrades, with KeyCorp raising its price target from $52.00 to $57.00 and maintaining an "overweight" rating, reflecting positive sentiment in the market.
• Insider transactions indicate significant activity, with the CFO selling nearly 5,000 shares, highlighting potential strategical financial moves within the company's management.

Truist Financial Corp bought a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,453 shares of the company's stock, valued at approximately $239,000.

Other large investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its stake in JFrog by 90.9% during the first 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. grew its stake in JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after purchasing an additional 329 shares during the period. Bayforest Capital Ltd acquired a new stake in JFrog during the first quarter worth approximately $104,000. Smartleaf Asset Management LLC grew its stake in JFrog by 26.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after purchasing an additional 800 shares during the period. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in JFrog during the first quarter worth approximately $128,000. Institutional investors and hedge funds own 85.02% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. KeyCorp increased their price target on JFrog from $52.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, September 12th. Wall Street Zen lowered JFrog from a "buy" rating to a "hold" rating in a report on Friday, September 26th. DA Davidson increased their price target on JFrog from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Robert W. Baird increased their price target on JFrog from $52.00 to $58.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Finally, Stifel Nicolaus increased their price target on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Fifteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $53.13.

Insider Transactions at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 4,908 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $47.29, for a total value of $232,099.32. Following the sale, the chief financial officer directly owned 136,165 shares in the company, valued at $6,439,242.85. The trade was a 3.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Yvonne Wassenaar sold 1,372 shares of the business's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $49.90, for a total value of $68,462.80. Following the completion of the sale, the director owned 30,679 shares in the company, valued at approximately $1,530,882.10. The trade was a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 480,120 shares of company stock valued at $23,018,027. 14.10% of the stock is currently owned by insiders.

JFrog Trading Up 1.4%

Shares of JFrog stock opened at $47.34 on Friday. The firm has a market capitalization of $5.53 billion, a P/E ratio of -61.48 and a beta of 1.05. The business's fifty day simple moving average is $47.69 and its 200 day simple moving average is $42.04. JFrog Ltd. has a 12 month low of $27.00 and a 12 month high of $51.94.

JFrog (NASDAQ:FROG - Get Free Report) last issued its 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. The firm had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The business's revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Analysts predict 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.

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