Free Trial

Connor Clark & Lunn Investment Management Ltd. Raises Position in JFrog Ltd. (NASDAQ:FROG)

JFrog logo with Computer and Technology background

Key Points

  • Connor Clark & Lunn Investment Management Ltd. increased its position in JFrog Ltd. by 14.7%, owning approximately 605,721 shares valued at $19.38 million as of the end of the most recent quarter.
  • A consensus of analysts has rated JFrog with a "Moderate Buy", with price targets being raised to a range between $42.00 and $55.00, indicating strong growth potential.
  • Insider trading activity shows both the CRO and CEO selling shares totaling around $3.34 million recently, suggesting caution amidst an overall positive sentiment in the market.
  • Need Better Tools to Track JFrog? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 605,721 shares of the company's stock after purchasing an additional 77,461 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.53% of JFrog worth $19,383,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FROG. LPL Financial LLC increased its holdings in shares of JFrog by 19.8% during the 4th quarter. LPL Financial LLC now owns 22,002 shares of the company's stock worth $647,000 after buying an additional 3,633 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of JFrog by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 143,481 shares of the company's stock worth $4,220,000 after buying an additional 7,839 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of JFrog during the 4th quarter worth $635,000. Bank of Montreal Can acquired a new stake in shares of JFrog during the 4th quarter worth $405,000. Finally, Legal & General Group Plc increased its holdings in shares of JFrog by 4.1% during the 4th quarter. Legal & General Group Plc now owns 542,055 shares of the company's stock worth $15,942,000 after buying an additional 21,567 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Stifel Nicolaus upped their price objective on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday. Piper Sandler increased their price target on JFrog from $40.00 to $48.00 and gave the company a "neutral" rating in a report on Friday. Raymond James Financial increased their price target on JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday. Finally, Morgan Stanley increased their price target on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.87.

Get Our Latest Stock Report on FROG

Insiders Place Their Bets

In related news, CRO Tali Notman sold 23,157 shares of JFrog stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.16, for a total value of $999,456.12. Following the completion of the transaction, the executive directly owned 686,360 shares in the company, valued at approximately $29,623,297.60. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 54,279 shares of JFrog stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.07, for a total value of $2,337,796.53. Following the completion of the transaction, the chief executive officer owned 4,996,412 shares of the company's stock, valued at $215,195,464.84. This trade represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 258,338 shares of company stock valued at $11,050,150. 14.10% of the stock is owned by company insiders.

JFrog Stock Performance

NASDAQ:FROG opened at $43.62 on Friday. JFrog Ltd. has a one year low of $24.13 and a one year high of $46.64. The business's 50-day simple moving average is $42.13 and its 200 day simple moving average is $37.89. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of -56.65 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. JFrog had a negative return on equity of 7.66% and a negative net margin of 18.18%. The business had revenue of $127.20 million for the quarter, compared to analysts' expectations of $122.80 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company's revenue was up 23.5% compared to the same quarter last year. On average, equities research analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

About JFrog

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for JFrog (NASDAQ:FROG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in JFrog Right Now?

Before you consider JFrog, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and JFrog wasn't on the list.

While JFrog currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Stocks Set to Soar in Fall 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines