Champlain Investment Partners LLC Sells 44,622 Shares of JFrog Ltd. $FROG

Key Points

• Champlain Investment Partners LLC holds a stake of approximately $76.87 million in JFrog Ltd., comprising about 2.10% of the company's total shares.
• Several hedge funds, including T. Rowe Price and Mackenzie Financial, have significantly increased their holdings in JFrog, with 85.02% of the stock now owned by institutional investors.
• Analysts have upgraded JFrog's stock ratings and raised price targets, with a consensus rating of "Moderate Buy" and a target price of $46.87 following a positive earnings report.

Champlain Investment Partners LLC cut its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 1.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,402,197 shares of the company's stock after selling 44,622 shares during the period. Champlain Investment Partners LLC owned about 2.10% of JFrog worth $76,870,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of FROG. PNC Financial Services Group Inc. lifted its stake in JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after purchasing an additional 329 shares during the period. California State Teachers Retirement System lifted its stake in JFrog by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 80,898 shares of the company's stock worth $2,379,000 after purchasing an additional 439 shares during the period. IFP Advisors Inc lifted its position in shares of JFrog by 10.2% during the 1st quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock worth $190,000 after buying an additional 548 shares during the period. Snowden Capital Advisors LLC lifted its position in shares of JFrog by 4.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock worth $409,000 after buying an additional 564 shares during the period. Finally, Signaturefd LLC lifted its position in shares of JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after buying an additional 597 shares during the period. 85.02% of the stock is currently owned by institutional investors.

Insider Activity at JFrog

In related news, CRO Tali Notman sold 23,157 shares of the business'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 value of $999,456.12. Following the completion of the transaction, the executive owned 686,360 shares in the company, valued at $29,623,297.60. The trade was a 3.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ben Haim Shlomi sold 54,279 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.07, for a total transaction of $2,337,796.53. Following the completion of the transaction, the chief executive officer directly owned 4,996,412 shares in the company, valued at approximately $215,195,464.84. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 549,705 shares of company stock worth $24,867,274. Company insiders own 14.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on FROG shares. Needham & Company LLC restated a "buy" rating and set a $55.00 target price (up previously from $46.00) on shares of JFrog in a research report on Friday, August 8th. Stifel Nicolaus raised their target price on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Cowen restated a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Finally, Morgan Stanley raised their target price on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, JFrog currently has an average rating of "Moderate Buy" and a consensus target price of $46.87.

JFrog Trading Down 1.4%

NASDAQ FROG traded down $0.70 during trading hours on Friday, reaching $49.37. 842,269 shares of the company's stock were exchanged, compared to its average volume of 1,810,146. The stock has a market cap of $5.76 billion, a PE ratio of -64.12 and a beta of 1.06. JFrog Ltd. has a one year low of $26.10 and a one year high of $50.57. The firm has a fifty day moving average of $43.14 and a 200-day moving average of $38.92.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data 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 net margin of 18.18% and a negative return on equity of 7.54%. The firm had revenue of $127.20 million during the quarter, compared to analysts' expectations of $122.80 million. During the same quarter in the previous year, the company posted $0.15 EPS. JFrog'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. As a group, research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

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.