Atreides Management LP Invests $18.80 Million in JFrog Ltd. $FROG

Key Points

• Atreides Management LP bought a new stake of 397,244 shares in JFrog (NASDAQ:FROG) valued at about $18.8 million, representing roughly 0.34% of the company.
• JFrog beat quarterly expectations with $0.22 EPS (vs. $0.19 expected) and $145.3M revenue (vs. $138.1M), set FY2026 guidance of $0.88–$0.92 EPS, but remains unprofitable on a net margin basis.
• Insiders sold 351,960 shares worth about $17.4M in the last quarter; insiders still own 14.1% of the company while institutional ownership is around 85%.

Atreides Management LP bought a new stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 397,244 shares of the company's stock, valued at approximately $18,802,000. Atreides Management LP owned 0.34% of JFrog at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Royal Bank of Canada lifted 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 valued at $6,053,000 after buying an additional 61,685 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in JFrog in the 1st quarter valued at about $205,000. AQR Capital Management LLC bought a new position in JFrog in the 1st quarter worth about $368,000. Integrated Wealth Concepts LLC purchased a new position in shares of JFrog during the first quarter worth approximately $203,000. Finally, Goldman Sachs Group Inc. increased its position in shares of JFrog by 14.7% during the first quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company's stock worth $22,173,000 after acquiring an additional 88,784 shares during the period. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Down 2.0%

Shares of FROG stock opened at $41.07 on Friday. The firm has a market cap of $4.91 billion, a price-to-earnings ratio of -66.24 and a beta of 1.20. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $70.43. The company's 50 day moving average is $50.32 and its 200 day moving average is $53.42.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. The company had revenue of $145.31 million during the quarter, compared to analyst estimates of $138.09 million. JFrog had a negative return on equity of 5.74% and a negative net margin of 13.50%.JFrog's revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. JFrog has set its FY 2026 guidance at 0.880-0.920 EPS and its Q1 2026 guidance at 0.200-0.220 EPS. Analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 71,841 shares of the company's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $40.15, for a total transaction of $2,884,416.15. Following the completion of the sale, the chief executive officer directly owned 4,815,612 shares in the company, valued at $193,346,821.80. This represents a 1.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frederic Simon sold 80,000 shares of the firm's stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $59.51, for a total value of $4,760,800.00. Following the sale, the director directly owned 3,660,786 shares in the company, valued at approximately $217,853,374.86. The trade was a 2.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 351,960 shares of company stock worth $17,367,657. Company insiders own 14.10% of the company's stock.

Analysts Set New Price Targets

FROG has been the subject of several research analyst reports. KeyCorp lifted their price target on shares of JFrog from $71.00 to $79.00 and gave the company an "overweight" rating in a research note on Tuesday, December 16th. Evercore set a $80.00 price objective on JFrog in a research note on Thursday, February 26th. DA Davidson reduced their price objective on JFrog from $75.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, February 13th. Raymond James Financial reaffirmed an "outperform" rating and set a $70.00 target price on shares of JFrog in a research report on Thursday, February 26th. Finally, UBS Group set a $60.00 target price on JFrog in a report on Friday, February 13th. Sixteen equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $67.42.

About JFrog

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company's platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog's flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.

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