JFrog Ltd. $FROG Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in JFrog Ltd. by 45.1% during the first quarter, holding 22,311 shares now valued at $714,000.
• Several large investors, including Mackenzie Financial Corp and Daventry Group LP, significantly increased their holdings in JFrog Ltd. during the fourth quarter, reflecting strong institutional interest.
• JFrog exceeded EPS expectations in its last quarterly earnings report, reporting $0.18 earnings per share, beating the consensus estimate by $0.02, and its revenue grew 23.5% year-over-year.

Invesco Ltd. grew its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 45.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,311 shares of the company's stock after buying an additional 6,938 shares during the quarter. Invesco Ltd.'s holdings in JFrog were worth $714,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Signaturefd LLC raised its position in shares of JFrog by 90.9% during the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after purchasing an additional 597 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after purchasing an additional 329 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in shares of JFrog in the first quarter worth approximately $104,000. Tower Research Capital LLC TRC increased its position in JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after buying an additional 5,297 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in JFrog by 10.2% during the first quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock valued at $190,000 after buying an additional 548 shares during the period. 85.02% of the stock is currently owned by institutional investors.

Insider Activity

In other JFrog news, Director Frederic Simon sold 50,000 shares of the stock in a transaction that occurred on 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 sale, the director owned 4,154,903 shares in the company, valued at approximately $195,737,480.33. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 29,101 shares of JFrog stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $47.78, for a total value of $1,390,445.78. Following the transaction, the chief executive officer owned 4,937,311 shares in the company, 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. In the last three months, insiders have sold 442,522 shares of company stock worth $20,456,252. 14.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FROG has been the topic of several analyst reports. Stifel Nicolaus upped their price objective on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Cantor Fitzgerald boosted their target price on shares of JFrog from $46.00 to $55.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Piper Sandler reiterated a "neutral" rating and issued a $48.00 target price (up from $40.00) on shares of JFrog in a report on Friday, August 8th. Cowen reaffirmed a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Finally, Raymond James Financial raised their price objective on shares of JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $46.87.

JFrog Trading Up 0.5%

FROG stock traded up $0.24 during midday trading on Monday, hitting $50.30. The stock had a trading volume of 1,047,794 shares, compared to its average volume of 1,131,263. The stock has a 50-day simple moving average of $43.70 and a 200 day simple moving average of $39.23. JFrog Ltd. has a 52 week low of $27.00 and a 52 week high of $50.76. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of -65.64 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last released 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 return on equity of 7.54% and a negative net margin of 18.18%.The firm had revenue of $127.20 million for the quarter, compared to analysts' expectations of $122.80 million. During the same quarter in the previous year, the business posted $0.15 EPS. The business's quarterly revenue 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, equities analysts forecast that JFrog Ltd. will post -0.33 EPS 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.