Alyeska Investment Group L.P. Makes New $22.97 Million Investment in JFrog Ltd. $FROG

Key Points

• Alyeska Investment Group L.P. invested approximately $22.97 million in JFrog Ltd., acquiring 717,845 shares during the first quarter.
• JFrog's stock has a current price target range set by analysts, with Morgan Stanley raising it to $42.00 and KeyCorp to $52.00, reflecting a consensus rating of "Moderate Buy".
• The company's latest earnings report showed an EPS of $0.18, beating estimates and indicating a 23.5% year-over-year revenue growth.

Alyeska Investment Group L.P. bought a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 717,845 shares of the company's stock, valued at approximately $22,971,000. Alyeska Investment Group L.P. owned 0.63% of JFrog as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently modified their holdings of the company. PDT Partners LLC purchased a new position in JFrog during the 1st quarter worth $3,839,000. Praesidium Investment Management Company LLC increased its holdings in JFrog by 8.4% during the 1st quarter. Praesidium Investment Management Company LLC now owns 1,590,388 shares of the company's stock worth $50,892,000 after purchasing an additional 123,160 shares during the period. Cubist Systematic Strategies LLC purchased a new position in JFrog during the 1st quarter worth $205,000. Royal Bank of Canada increased its holdings in JFrog by 48.4% during the 1st quarter. Royal Bank of Canada now owns 189,148 shares of the company's stock worth $6,053,000 after purchasing an additional 61,685 shares during the period. Finally, Vident Advisory LLC purchased a new position in JFrog during the 1st quarter worth $242,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

Insider Buying and Selling

In other JFrog news, CTO Yoav Landman sold 102,419 shares of JFrog 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 completion of the sale, the chief technology officer owned 6,081,087 shares of the company's stock, valued at approximately $302,412,456.51. The trade was a 1.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 29,101 shares of JFrog stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $47.78, for a total value of $1,390,445.78. Following the sale, the chief executive officer directly owned 4,937,311 shares of the company's stock, valued at approximately $235,904,719.58. This represents a 0.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 442,522 shares of company stock worth $20,456,252 in the last ninety days. 14.10% of the stock is owned by insiders.

JFrog Stock Performance

FROG stock traded down $0.57 on Wednesday, hitting $49.38. 453,252 shares of the company's stock were exchanged, compared to its average volume of 1,136,837. JFrog Ltd. has a 12-month low of $27.00 and a 12-month high of $50.98. The firm has a 50 day moving average price of $43.98 and a two-hundred day moving average price of $39.39. The stock has a market cap of $5.76 billion, a P/E ratio of -64.09 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $127.20 million for the quarter, compared to the consensus estimate of $122.80 million. During the same period in the previous year, the business earned $0.15 EPS. The firm'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. Sell-side analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on FROG shares. DA Davidson raised their price objective on JFrog from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday. KeyCorp raised their price objective on JFrog from $46.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Cowen restated a "buy" rating on shares of JFrog in a report on Friday, August 8th. Wall Street Zen downgraded JFrog from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, Piper Sandler reiterated 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. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, JFrog presently has an average rating of "Moderate Buy" and a consensus price target of $47.87.

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.