Aberdeen Group plc Reduces Position in JFrog Ltd. $FROG

Key Points

• Aberdeen Group plc reduced its stake in JFrog Ltd. by 11.5%, decreasing ownership to about 0.66% with a total value of approximately $33.3 million.
• Several institutions, including PNC Financial Services and Signaturefd LLC, increased their holdings in JFrog, indicating mixed investor sentiment.
• JFrog recently reported a quarterly earnings per share of $0.18, surpassing estimates, and projected increased guidance for FY 2025, along with a current market cap of $5.37 billion.

Aberdeen Group plc cut its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 11.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 759,308 shares of the company's stock after selling 98,419 shares during the quarter. Aberdeen Group plc owned about 0.66% of JFrog worth $33,299,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings 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 buying an additional 329 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of JFrog by 4.6% during the second quarter. Park Avenue Securities LLC now owns 9,155 shares of the company's stock valued at $402,000 after buying an additional 405 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of JFrog by 10.2% during the first quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock valued at $190,000 after buying an additional 548 shares during the last quarter. Signaturefd LLC boosted its holdings 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 purchasing an additional 597 shares during the last quarter. Finally, Probity Advisors Inc. boosted its holdings in JFrog by 10.3% in the first quarter. Probity Advisors Inc. now owns 8,326 shares of the company's stock valued at $266,000 after purchasing an additional 775 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Frederic Simon sold 50,000 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were 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 owned 4,154,903 shares in the company, valued at $195,737,480.33. This represents a 1.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Yoav Landman sold 102,419 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $49.73, for a total transaction of $5,093,296.87. Following the transaction, the chief technology officer owned 6,081,087 shares of the company's stock, valued at approximately $302,412,456.51. This trade represents a 1.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 445,120 shares of company stock worth $21,375,827 in the last 90 days. Insiders own 14.10% of the company's stock.

JFrog Stock Performance

Shares of JFrog stock opened at $46.01 on Monday. The firm has a 50-day simple moving average of $47.20 and a two-hundred day simple moving average of $41.66. The company has a market cap of $5.37 billion, a P/E ratio of -59.75 and a beta of 1.05. JFrog Ltd. has a fifty-two week low of $27.00 and a fifty-two week high of $51.94.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The company's revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Ratings Changes

FROG has been the topic of several recent research reports. Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 price target (up from $40.00) on shares of JFrog in a report on Friday, August 8th. KeyCorp upped their price target on shares of JFrog from $52.00 to $57.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $60.00 price target on shares of JFrog in a report on Monday, September 15th. DA Davidson upped their price target on shares of JFrog from $55.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, September 10th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price target on shares of JFrog in a report on Wednesday, September 10th. Fifteen analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, JFrog presently has an average rating of "Moderate Buy" and an average target price of $51.69.

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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