JFrog Ltd. $FROG is Light Street Capital Management LLC's 7th Largest Position

Key Points

• Light Street Capital Management cut its JFrog stake by 10.5% in the second quarter, but still held 514,500 shares worth approximately $46.8 million. JFrog remains the fund’s seventh-largest position and institutional investors own 85.02% of the company.
• JFrog reported quarterly EPS of $0.27, beating estimates of $0.24, while revenue rose 28.7% year over year to $163.77 million. The company provided Q3 2026 EPS guidance of $0.22–$0.24 and full-year guidance of $0.96–$1.00.
• Analysts remain broadly bullish, with 22 Buy ratings, one Hold and one Sell; the consensus rating is “Moderate Buy” with a $107.14 price target. Shares recently traded at $86.73, while insiders sold 901,408 shares worth $84.3 million over the past three months.

Light Street Capital Management LLC trimmed its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 10.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 514,500 shares of the company's stock after selling 60,500 shares during the quarter. JFrog makes up 5.2% of Light Street Capital Management LLC's holdings, making the stock its 7th biggest position. Light Street Capital Management LLC owned approximately 0.42% of JFrog worth $46,758,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of FROG. Royal Bank of Canada raised its holdings in shares of JFrog by 48.4% in the 1st quarter. Royal Bank of Canada now owns 189,148 shares of the company's stock worth $6,053,000 after purchasing an additional 61,685 shares during the period. Cubist Systematic Strategies LLC purchased a new position in JFrog in the first quarter valued at approximately $205,000. AQR Capital Management LLC bought a new position in JFrog during the first quarter valued at $368,000. Integrated Wealth Concepts LLC purchased a new stake in JFrog in the first quarter worth $203,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of JFrog by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company's stock valued at $22,173,000 after buying an additional 88,784 shares during the period. 85.02% of the stock is owned by institutional investors.

JFrog Trading Down 1.0%

Shares of FROG stock traded down $0.87 during trading hours on Tuesday, reaching $86.73. The stock had a trading volume of 1,873,490 shares, compared to its average volume of 2,918,384. The stock's fifty day simple moving average is $89.24 and its 200 day simple moving average is $68.83. JFrog Ltd. has a 12 month low of $34.05 and a 12 month high of $105.76. The firm has a market capitalization of $10.69 billion, a PE ratio of -234.40 and a beta of 1.28.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.03. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.71%. The business had revenue of $163.77 million for the quarter, compared to analyst estimates of $155.63 million. During the same quarter in the prior year, the firm posted $0.18 EPS. JFrog's revenue was up 28.7% on a year-over-year basis. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. As a group, equities research analysts anticipate that JFrog Ltd. will post -0.11 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on FROG shares. Needham & Company LLC reiterated a "buy" rating and set a $115.00 price target on shares of JFrog in a research note on Thursday, September 3rd. UBS Group boosted their price objective on JFrog from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. increased their target price on shares of JFrog from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Truist Financial lifted their target price on shares of JFrog from $105.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $100.00 target price on shares of JFrog in a research note on Friday, August 7th. Twenty-two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, JFrog presently has an average rating of "Moderate Buy" and an average price target of $107.14.

Insider Activity

In related news, CEO Shlomi Ben Haim sold 65,999 shares of the business's stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $90.03, for a total transaction of $5,941,889.97. Following the completion of the transaction, the chief executive officer directly owned 4,592,237 shares in the company, valued at $413,439,097.11. The trade was a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Yoav Landman sold 249,300 shares of the company's stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $100.72, for a total value of $25,109,496.00. Following the completion of the transaction, the chief technology officer owned 5,199,038 shares in the company, valued at $523,647,107.36. This represents a 4.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 901,408 shares of company stock worth $84,330,784. Company insiders own 11.80% of the company's stock.

About JFrog

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company's platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog's flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.

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