Exchange Traded Concepts LLC Reduces Position in JFrog Ltd. $FROG

Key Points

• Exchange Traded Concepts LLC reduced its stake in JFrog Ltd. by 10.0%, now owning approximately 0.07% of the company, valued at $3,394,000.
• JFrog reported $0.18 earnings per share, exceeding estimates, with quarterly revenue of $127.20 million, reflecting a 23.5% increase from the previous year.
• Despite a recent stock decline of 0.4%, analysts maintain a consensus rating of "Moderate Buy" for JFrog, with an average price target of $49.93.

Exchange Traded Concepts LLC lowered its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 10.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 77,352 shares of the company's stock after selling 8,562 shares during the period. Exchange Traded Concepts LLC owned 0.07% of JFrog worth $3,394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of JFrog by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock worth $283,903,000 after buying an additional 35,458 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of JFrog by 6.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock worth $115,933,000 after buying an additional 222,635 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of 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 worth $84,166,000 after buying an additional 1,037,482 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of JFrog by 1,974.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company's stock worth $68,832,000 after buying an additional 2,047,294 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its stake in JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock valued at $58,703,000 after purchasing an additional 965,912 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

Insider Buying and Selling

In related news, CTO Yoav Landman sold 102,419 shares of JFrog 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 transaction, the chief technology officer owned 6,081,087 shares in the company, valued at approximately $302,412,456.51. This trade represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 50,000 shares of JFrog stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $47.11, for a total value of $2,355,500.00. Following the completion of the transaction, the director owned 4,154,903 shares of the company's stock, valued at approximately $195,737,480.33. This represents a 1.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 528,748 shares of company stock worth $24,783,511. Corporate insiders own 14.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. KeyCorp increased their target price on JFrog from $52.00 to $57.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Cowen reaffirmed a "buy" rating on shares of JFrog in a report on Friday, August 8th. DA Davidson raised their target price on JFrog from $55.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, September 10th. Stifel Nicolaus raised their price target on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Canaccord Genuity Group raised their price objective on JFrog from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $49.93.

JFrog Stock Up 1.0%

FROG traded up $0.51 on Tuesday, hitting $50.70. The company had a trading volume of 309,660 shares, compared to its average volume of 1,139,445. The company has a market cap of $5.92 billion, a PE ratio of -65.61 and a beta of 1.06. JFrog Ltd. has a 12-month low of $27.00 and a 12-month high of $51.19. The business's fifty day simple moving average is $45.43 and its 200 day simple moving average is $40.23.

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. The company had revenue of $127.20 million during the quarter, compared to analyst estimates 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 last year, the business 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. On average, analysts anticipate 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.