Algert Global LLC Makes New Investment in JFrog Ltd. $FROG

Key Points

• Algert Global LLC invested approximately $689,000 in JFrog Ltd. during the 1st quarter, acquiring 21,540 shares, highlighting increased institutional interest in the company.
• Wall Street analysts are optimistic about JFrog's future, with multiple firms raising their price targets; for instance, Cantor Fitzgerald increased its target from $46 to $55.
• JFrog reported a 23.5% increase in revenue year-over-year during its last earnings report, beating analyst expectations with earnings of $0.18 per share.

Algert Global LLC bought a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,540 shares of the company's stock, valued at approximately $689,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in JFrog during the fourth quarter worth about $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in JFrog by 19.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock worth $5,457,000 after buying an additional 30,035 shares during the period. IVC Wealth Advisors LLC acquired a new position in JFrog during the first quarter worth about $220,000. Malaga Cove Capital LLC acquired a new position in JFrog during the first quarter worth about $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in JFrog by 14.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 605,721 shares of the company's stock worth $19,383,000 after buying an additional 77,461 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Up 2.4%

Shares of FROG traded up $1.16 on Thursday, hitting $50.15. 1,784,514 shares of the stock traded hands, compared to its average volume of 1,127,916. The firm has a market capitalization of $5.85 billion, a P/E ratio of -65.25 and a beta of 1.06. The stock's 50 day moving average is $42.79 and its two-hundred day moving average is $38.72. JFrog Ltd. has a 1 year low of $26.10 and a 1 year high of $50.57.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $127.20 million for 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 quarterly 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. Research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

FROG has been the topic of several recent analyst reports. Raymond James Financial upped their target price on shares of JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. DA Davidson upped their price target on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, May 9th. Cantor Fitzgerald upped their price target on shares of JFrog from $46.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Cowen reaffirmed a "buy" rating on shares of JFrog in a report on Friday, August 8th. Finally, Barclays upped their price target on shares of JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $46.87.

Insider Activity

In related news, CRO Tali Notman sold 23,157 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the transaction, the executive owned 686,360 shares of the company's stock, valued at approximately $29,623,297.60. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Yoav Landman sold 50,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $43.26, for a total transaction of $2,163,000.00. Following the transaction, the chief technology officer directly owned 6,371,086 shares in the company, valued at $275,613,180.36. The trade was a 0.78% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 408,338 shares of company stock worth $17,865,150. 14.10% of the stock is currently owned by corporate insiders.

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.