George Kaiser Family Foundation Boosts Stake in JFrog Ltd. $FROG

Key Points

• The George Kaiser Family Foundation increased its stake in JFrog Ltd. (NASDAQ:FROG) by 13.0%, now holding 116,234 shares worth approximately $3.72 million, making it the foundation's 10th largest holding.
• Several analysts have recently raised their target prices for JFrog stock, with recommendations to "buy" and a consensus price target of $46.87.
• Insider selling occurred recently, with Director Frederic Simon and CEO Ben Haim Shlomi selling a combined total of 50,000 shares, impacting their ownership percentages slightly.

George Kaiser Family Foundation lifted its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 13.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 116,234 shares of the company's stock after purchasing an additional 13,376 shares during the period. JFrog accounts for 0.5% of George Kaiser Family Foundation's holdings, making the stock its 10th biggest position. George Kaiser Family Foundation owned about 0.10% of JFrog worth $3,719,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in FROG. LPL Financial LLC raised its stake 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 purchasing an additional 3,633 shares in the last quarter. Geode Capital Management LLC raised its stake 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 purchasing an additional 7,839 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of JFrog during the 4th quarter worth approximately $405,000. Jump Financial LLC bought a new stake in shares of JFrog during the 4th quarter worth approximately $240,000. Finally, Marshall Wace LLP raised its stake in shares of JFrog by 36.1% during the 4th quarter. Marshall Wace LLP now owns 11,838 shares of the company's stock worth $348,000 after purchasing an additional 3,138 shares in the last quarter. Institutional investors own 85.02% of the company's stock.

Insider Buying and Selling at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total transaction of $1,459,850.00. Following the transaction, the director directly owned 4,239,903 shares of the company's stock, valued at approximately $176,846,354.13. This trade represents a 0.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Tali Notman sold 23,157 shares of JFrog stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the sale, the executive owned 686,360 shares of the company's stock, valued at approximately $29,623,297.60. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 308,338 shares of company stock worth $13,154,150. 14.10% of the stock is currently owned by company insiders.

JFrog Trading Down 0.2%

FROG stock traded down $0.09 during trading hours on Wednesday, hitting $44.65. 1,218,499 shares of the stock were exchanged, compared to its average volume of 1,100,782. JFrog Ltd. has a 12 month low of $25.93 and a 12 month high of $46.64. The firm has a market capitalization of $5.21 billion, a P/E ratio of -57.99 and a beta of 1.06. The company has a 50-day simple moving average of $42.15 and a two-hundred day simple moving average of $38.29.

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 analysts' consensus estimates 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 company had revenue of $127.20 million during the quarter, compared to analysts' expectations of $122.80 million. During the same quarter in the previous year, the business posted $0.15 earnings per share. JFrog'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, equities research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

Analysts Set New Price Targets

FROG has been the topic of several research analyst reports. Cowen restated a "buy" rating on shares of JFrog in a research note on Friday, August 8th. Cantor Fitzgerald upped their price objective on JFrog from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Scotiabank dropped their price objective on JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley upped their price objective on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, KeyCorp upped their price objective on JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $46.87.

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.