Granahan Investment Management LLC Raises Stock Position in JFrog Ltd. $FROG

Key Points

• Granahan Investment Management LLC increased its position in JFrog Ltd., acquiring an additional 6,685 shares, bringing its total ownership to approximately 250,742 shares valued at $8,024,000.
• Insider sales included Director Frederic Simon selling 50,000 shares valued at $2.36 million, and CEO Ben Haim Shlomi selling 29,101 shares worth $1.39 million, indicating a decrease in their respective ownership stakes.
• JFrog's latest earnings report showed an EPS of $0.18, exceeding estimates, with a year-over-year revenue increase of 23.5%, and the company has set guidance for FY 2025 at 0.680-0.70 EPS.

Granahan Investment Management LLC raised its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 250,742 shares of the company's stock after acquiring an additional 6,685 shares during the quarter. Granahan Investment Management LLC owned approximately 0.22% of JFrog worth $8,024,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Eminence Capital LP bought a new stake in shares of JFrog in the 1st quarter valued at $43,268,000. Alliancebernstein L.P. boosted 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 valued at $68,832,000 after purchasing an additional 2,047,294 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of JFrog in the 1st quarter valued at $368,000. Alyeska Investment Group L.P. bought a new stake in shares of JFrog in the 1st quarter valued at $22,971,000. Finally, PDT Partners LLC bought a new stake in shares of JFrog in the 1st quarter valued at $3,839,000. 85.02% of the stock is owned by institutional investors.

JFrog Stock Performance

Shares of JFrog stock traded down $0.45 during trading hours on Wednesday, reaching $49.51. The company's stock had a trading volume of 878,966 shares, compared to its average volume of 1,139,037. JFrog Ltd. has a one year low of $27.00 and a one year high of $50.98. The company has a market capitalization of $5.78 billion, a P/E ratio of -64.32 and a beta of 1.06. The stock's fifty day simple moving average is $43.98 and its two-hundred day simple moving average is $39.39.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 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 company had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. During the same quarter in the prior year, the company posted $0.15 earnings per share. The firm's revenue for the quarter 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. As a group, research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Transactions at JFrog

In other news, Director Frederic Simon sold 50,000 shares of JFrog stock in a transaction dated Friday, August 22nd. The shares were 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 in the company, valued at $195,737,480.33. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ben Haim Shlomi sold 29,101 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 4,937,311 shares of the company's stock, valued at $235,904,719.58. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 442,522 shares of company stock worth $20,456,252 over the last quarter. Corporate insiders own 14.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FROG shares. Cantor Fitzgerald upped their price objective on shares of JFrog from $46.00 to $55.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. KeyCorp increased their target price on shares of JFrog from $46.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Piper Sandler reissued a "neutral" rating and set a $48.00 target price (up from $40.00) on shares of JFrog in a research note on Friday, August 8th. Cowen reissued a "buy" rating on shares of JFrog in a research note on Friday, August 8th. Finally, Robert W. Baird set a $47.00 target price on shares of JFrog and gave the stock an "outperform" rating in a research note on Monday, August 4th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $47.87.

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.