Parallax Volatility Advisers L.P. Invests $276,000 in JFrog Ltd. $FROG

Key Points

• Parallax Volatility Advisers L.P. has acquired 8,629 shares of JFrog Ltd., valued at approximately $276,000, during the first quarter of the year.
• Analysts have raised their price targets for JFrog stock, with KeyCorp increasing it to $52.00 and Raymond James to $55.00, while the general consensus rating remains a "Moderate Buy".
• JFrog reported a quarterly earnings per share (EPS) of $0.18, exceeding expectations and marking a 23.5% revenue increase compared to the same quarter last year.

Parallax Volatility Advisers L.P. acquired a new stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,629 shares of the company's stock, valued at approximately $276,000.

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC boosted its position in JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after buying an additional 597 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after buying an additional 329 shares during the last quarter. Bayforest Capital Ltd purchased a new stake in JFrog in the first quarter valued at approximately $104,000. Smartleaf Asset Management LLC boosted its position in JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock valued at $123,000 after buying an additional 800 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in JFrog in the first quarter valued at approximately $128,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Stock Up 0.1%

Shares of FROG traded up $0.05 during midday trading on Friday, reaching $49.94. The company had a trading volume of 663,800 shares, compared to its average volume of 1,457,176. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $50.98. The stock has a market cap of $5.83 billion, a PE ratio of -64.86 and a beta of 1.07. The firm has a 50 day simple moving average of $44.46 and a 200-day simple moving average of $39.65.

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, topping analysts' consensus estimates of $0.16 by $0.02. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The business had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. During the same period last year, the company earned $0.15 EPS. The company's revenue for the quarter 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. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on FROG shares. Piper Sandler reiterated a "neutral" rating and issued a $48.00 target price (up previously from $40.00) on shares of JFrog in a research report on Friday, August 8th. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a research report on Saturday. Cantor Fitzgerald upped their price objective on JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Stifel Nicolaus upped their price objective on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Canaccord Genuity Group upped their price objective on JFrog from $52.00 to $55.00 and gave the stock a "buy" rating in a research report on Thursday. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $49.60.

Insider Transactions at JFrog

In other news, Director Frederic Simon sold 50,000 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the completion of the transaction, the director directly owned 4,154,903 shares in the company, valued at approximately $195,737,480.33. This represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Yoav Landman sold 102,419 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.73, for a total value of $5,093,296.87. Following the transaction, the chief technology officer owned 6,081,087 shares of the company's stock, valued at $302,412,456.51. This trade represents a 1.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 528,748 shares of company stock worth $24,783,511. 14.10% of the stock is currently owned by company insiders.

JFrog Company 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.