Diversified Trust Co Lowers Stock Holdings in JFrog Ltd. $FROG

Key Points

• Diversified Trust Co reduced its holdings in JFrog Ltd. by 50.3% during the second quarter, bringing its total shares to 13,968 and valuing them at $613,000.
• Multiple hedge funds have made adjustments to their positions, with Harbor Capital Advisors Inc. increasing its stake by 6.4% to 20,720 shares worth $909,000.
• Research analysts have generally rated JFrog with a "Moderate Buy" consensus and an average price target of $49.93, reflecting positive sentiment despite recent stock fluctuations.

Diversified Trust Co lowered its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 50.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,968 shares of the company's stock after selling 14,140 shares during the period. Diversified Trust Co's holdings in JFrog were worth $613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Harbor Capital Advisors Inc. grew its position in JFrog by 6.4% during the second quarter. Harbor Capital Advisors Inc. now owns 20,720 shares of the company's stock valued at $909,000 after acquiring an additional 1,254 shares during the period. Siren L.L.C. grew its position in JFrog by 9.6% during the first quarter. Siren L.L.C. now owns 131,616 shares of the company's stock valued at $4,212,000 after acquiring an additional 11,500 shares during the period. Diker Management LLC purchased a new stake in JFrog during the first quarter valued at about $480,000. Acadian Asset Management LLC purchased a new stake in JFrog during the first quarter valued at about $162,000. Finally, Bayforest Capital Ltd purchased a new stake in JFrog during the first quarter valued at about $104,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FROG. Cantor Fitzgerald reissued an "overweight" rating and set a $60.00 price target on shares of JFrog in a research report on Monday, September 15th. Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. KeyCorp upped their target price on JFrog from $52.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Stifel Nicolaus upped 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. Finally, Robert W. Baird upped their target price on JFrog from $52.00 to $58.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, JFrog presently has a consensus rating of "Moderate Buy" and an average price target of $49.93.

Insider Buying and Selling at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 4,908 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $47.29, for a total transaction of $232,099.32. Following the transaction, the chief financial officer directly owned 136,165 shares of the company's stock, valued at $6,439,242.85. This represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Tali Notman sold 13,067 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $50.26, for a total transaction of $656,747.42. Following the transaction, the executive directly owned 658,842 shares in the company, valued at $33,113,398.92. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 528,748 shares of company stock valued at $24,783,511 in the last quarter. Corporate insiders own 14.10% of the company's stock.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $50.20 on Wednesday. The stock has a fifty day moving average price of $45.63 and a two-hundred day moving average price of $40.30. The firm has a market cap of $5.86 billion, a P/E ratio of -65.19 and a beta of 1.07. JFrog Ltd. has a 1 year low of $27.00 and a 1 year high of $51.19.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $122.80 million. During the same period last year, the company posted $0.15 EPS. The firm's quarterly 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. On average, research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

JFrog 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.

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