1,352,124 Shares in JFrog Ltd. $FROG Purchased by Eminence Capital LP

Key Points

• Eminence Capital LP has made a new investment of approximately $43.27 million in JFrog Ltd., acquiring 1,352,124 shares, which represents about 1.18% of the company.
• Several institutional investors have increased their holdings in JFrog, with notable increases from PNC Financial Services Group (32.4% increase) and Signaturefd LLC (90.9% increase) in the first quarter.
• Analysts have raised their price targets for JFrog stock, with Barclays and Cantor Fitzgerald setting targets as high as $55.00, reflecting a positive outlook for the company's performance.

Eminence Capital LP bought a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,352,124 shares of the company's stock, valued at approximately $43,268,000. Eminence Capital LP owned about 1.18% of JFrog at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new position in shares of JFrog during the fourth quarter worth $212,000. Raymond James Financial Inc. raised its holdings in shares of JFrog by 3.2% during the first quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company's stock worth $34,308,000 after purchasing an additional 33,236 shares during the last quarter. Nishkama Capital LLC purchased a new position in shares of JFrog during the first quarter worth $6,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of JFrog by 19.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock worth $5,457,000 after purchasing an additional 30,035 shares during the last quarter. Finally, IVC Wealth Advisors LLC purchased a new position in shares of JFrog during the first quarter worth $220,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

Insiders Place Their Bets

In other news, Director Yvonne Wassenaar sold 1,368 shares of JFrog stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.00, for a total value of $67,032.00. Following the sale, the director owned 32,051 shares in the company, valued at $1,570,499. This trade represents a 4.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ben Haim Shlomi sold 29,101 shares of JFrog stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $47.78, for a total transaction of $1,390,445.78. Following the completion of the sale, the chief executive officer owned 4,937,311 shares in the company, valued at approximately $235,904,719.58. This trade represents a 0.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,522 shares of company stock valued at $20,456,252. 14.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FROG. KeyCorp raised their target price on shares of JFrog from $46.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Barclays raised their price target on shares of JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Stifel Nicolaus raised their price target on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Raymond James Financial raised their price target on shares of JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Robert W. Baird set a $47.00 price target on shares of JFrog and gave the company an "outperform" rating in a research report on Monday, August 4th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $46.87.

JFrog Stock Up 0.7%

Shares of NASDAQ FROG traded up $0.37 during trading on Monday, hitting $50.43. The company had a trading volume of 2,298,821 shares, compared to its average volume of 1,139,696. The stock has a fifty day simple moving average of $43.70 and a two-hundred day simple moving average of $39.23. JFrog Ltd. has a fifty-two week low of $27.00 and a fifty-two week high of $50.76. The firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of -65.49 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating 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 business had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. During the same quarter last year, the business earned $0.15 earnings per share. The company's revenue for the quarter was up 23.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, analysts anticipate that JFrog Ltd. will post -0.33 earnings per share 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.