Alliancebernstein L.P. Grows Stake in JFrog Ltd. $FROG

Key Points

• Alliancebernstein L.P. significantly increased its stake in JFrog Ltd. by 1,974.0%, owning approximately 2.15 million shares valued at $68.83 million by the end of the first quarter.
• Multiple hedge funds, including Vanguard Group and T. Rowe Price, have also expanded their positions in JFrog, indicating strong institutional interest with 85.02% of the stock held by institutional investors.
• JFrog's stock price target has been raised by several analysts following positive earnings results, with many giving it a consensus rating of "Moderate Buy" and a price target averaging around $46.87.

Alliancebernstein L.P. grew its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 1,974.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,151,008 shares of the company's stock after purchasing an additional 2,047,294 shares during the period. Alliancebernstein L.P. owned approximately 1.88% of JFrog worth $68,832,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of JFrog by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock valued at $283,903,000 after purchasing an additional 35,458 shares in the last quarter. TimesSquare Capital Management LLC grew its position in shares of JFrog by 6.5% during the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock valued at $115,933,000 after purchasing an additional 222,635 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of JFrog by 65.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock valued at $84,166,000 after purchasing an additional 1,037,482 shares in the last quarter. Mackenzie Financial Corp grew its position 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 valued at $58,703,000 after purchasing an additional 965,912 shares in the last quarter. Finally, Fiera Capital Corp grew its position in JFrog by 12.2% in the first quarter. Fiera Capital Corp now owns 1,694,635 shares of the company's stock worth $54,228,000 after acquiring an additional 184,448 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. KeyCorp increased their target price on JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Cantor Fitzgerald increased their target price on JFrog from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Wall Street Zen cut JFrog from a "buy" rating to a "hold" rating in a research note on Friday. Stifel Nicolaus increased their target price on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Robert W. Baird set a $47.00 target price on JFrog and gave the company an "outperform" rating in a research note on Monday, August 4th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $46.87.

JFrog Stock Up 3.4%

NASDAQ FROG opened at $50.06 on Friday. The company has a 50-day simple moving average of $43.70 and a two-hundred day simple moving average of $39.23. JFrog Ltd. has a 12-month low of $27.00 and a 12-month high of $50.57. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of -65.01 and a beta of 1.07.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly 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. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The business had revenue of $127.20 million during the quarter, compared to analyst estimates of $122.80 million. During the same period in the prior year, the business posted $0.15 earnings per share. The company's revenue 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. Equities analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Activity

In other 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 directly owned 4,154,903 shares of the company's stock, valued at approximately $195,737,480.33. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 29,101 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $47.78, for a total transaction of $1,390,445.78. Following the transaction, the chief executive officer directly owned 4,937,311 shares of the company's stock, valued at approximately $235,904,719.58. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 442,522 shares of company stock valued at $20,456,252. Insiders own 14.10% of the company's stock.

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.

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