Aberdeen Group plc Acquires 85,525 Shares of JFrog Ltd. $FROG

Key Points

• Aberdeen Group plc increased its holdings in JFrog Ltd. by 11.1% in Q1, owning 857,727 shares worth approximately $27.11 million.
• JFrog reported a 23.5% year-over-year revenue increase, with quarterly earnings of $0.18 per share, surpassing analyst expectations.
• Several analysts raised their target prices for JFrog's stock, with Barclays setting a new target of $52.00 and Cantor Fitzgerald raising it to $55.00.

Aberdeen Group plc increased its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 11.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 857,727 shares of the company's stock after purchasing an additional 85,525 shares during the period. Aberdeen Group plc owned approximately 0.75% of JFrog worth $27,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its stake in shares of JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock worth $58,703,000 after buying an additional 965,912 shares during the last quarter. Bamco Inc. NY acquired a new position in shares of JFrog during the 4th quarter worth about $21,322,000. Daventry Group LP boosted its stake in shares of JFrog by 103.0% during the 4th quarter. Daventry Group LP now owns 1,403,708 shares of the company's stock worth $41,283,000 after buying an additional 712,373 shares during the last quarter. Hood River Capital Management LLC boosted its stake in shares of JFrog by 72.6% during the 4th quarter. Hood River Capital Management LLC now owns 1,213,862 shares of the company's stock worth $35,700,000 after buying an additional 510,467 shares during the last quarter. Finally, Woodline Partners LP boosted its stake in shares of JFrog by 1,312.6% during the 4th quarter. Woodline Partners LP now owns 438,454 shares of the company's stock worth $12,895,000 after buying an additional 407,415 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JFrog

In other JFrog news, CRO Tali Notman sold 23,157 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.16, for a total value of $999,456.12. Following the transaction, the executive directly owned 686,360 shares of the company's stock, valued at $29,623,297.60. This represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Eduard Grabscheid sold 13,043 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $45.00, for a total transaction of $586,935.00. Following the completion of the transaction, the chief financial officer directly owned 159,887 shares in the company, valued at approximately $7,194,915. This represents a 7.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 308,338 shares of company stock worth $13,154,150. 14.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Robert W. Baird set a $47.00 price objective on shares of JFrog and gave the stock an "outperform" rating in a research note on Monday, August 4th. Raymond James Financial raised their target price on shares of JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Needham & Company LLC reiterated a "buy" rating and issued a $55.00 target price (up from $46.00) on shares of JFrog in a research note on Friday, August 8th. Finally, DA Davidson raised their target price on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.87.

JFrog Price Performance

JFrog stock traded down $0.09 during trading hours on Wednesday, hitting $44.65. The company had a trading volume of 1,218,499 shares, compared to its average volume of 1,100,782. The firm has a market cap of $5.21 billion, a PE ratio of -57.99 and a beta of 1.06. JFrog Ltd. has a one year low of $25.93 and a one year high of $46.64. The firm has a 50-day moving average of $42.15 and a 200 day moving average of $38.29.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share 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 analysts' expectations of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The business's revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. 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, research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current 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.