Diker Management LLC bought a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 15,000 shares of the company's stock, valued at approximately $480,000. JFrog makes up approximately 0.6% of Diker Management LLC's investment portfolio, making the stock its 19th biggest position.
Several other large investors have also recently added to or reduced their stakes in FROG. Vanguard Group Inc. raised its stake in shares of JFrog by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock valued at $283,903,000 after acquiring an additional 35,458 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in 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. raised its position in JFrog by 65.1% in 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 during the last quarter. Alliancebernstein L.P. boosted its stake in JFrog by 1,974.0% in the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company's stock worth $68,832,000 after purchasing an additional 2,047,294 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of JFrog by 93.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock worth $58,703,000 after purchasing an additional 965,912 shares during the last quarter. 85.02% of the stock is owned by institutional investors.
JFrog Stock Performance
FROG traded up $0.07 during trading on Monday, reaching $50.01. 533,986 shares of the company's stock were exchanged, compared to its average volume of 1,136,742. The company's fifty day moving average price is $44.46 and its 200-day moving average price is $39.66. The firm has a market capitalization of $5.84 billion, a PE ratio of -64.82 and a beta of 1.06. JFrog Ltd. has a fifty-two week low of $27.00 and a fifty-two week high of $50.98.
JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The firm's revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of analysts have recently weighed in on FROG shares. Needham & Company LLC restated a "buy" rating and issued a $55.00 target price on shares of JFrog in a research note on Wednesday, September 10th. Canaccord Genuity Group increased their price objective on shares of JFrog from $52.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday. DA Davidson boosted their target price on shares of JFrog from $55.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, September 10th. Piper Sandler reiterated a "neutral" rating and set a $48.00 target price (up from $40.00) on shares of JFrog in a research report on Friday, August 8th. Finally, Stifel Nicolaus increased their price target on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.60.
Read Our Latest Stock Report on JFrog
Insider Transactions at JFrog
In other JFrog news, CTO Yoav Landman sold 102,419 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $49.73, for a total value of $5,093,296.87. Following the completion of the sale, the chief technology officer directly owned 6,081,087 shares in the company, valued at $302,412,456.51. This represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 38,159 shares of JFrog stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $50.32, for a total value of $1,920,160.88. Following the transaction, the chief executive officer owned 4,899,512 shares in the company, valued at $246,543,443.84. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 528,748 shares of company stock valued at $24,783,511 over the last three months. 14.10% of the stock is currently owned by corporate insiders.
JFrog Profile
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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.
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