Siren L.L.C. Has $4.21 Million Position in JFrog Ltd. $FROG

Key Points

• Siren L.L.C. increased its stake in JFrog Ltd. by 9.6% in Q1, owning 131,616 shares valued at approximately $4.2 million by the end of the reporting period.
• JFrog's CEO and CTO sold shares recently, with the CEO selling 38,159 shares for about $1.92 million and the CTO selling 102,419 shares for approximately $5.09 million, indicating insider activity at significant valuations.
• JFrog reported a 23.5% increase in revenue year-over-year, with quarterly earnings of $0.18 EPS, exceeding analyst expectations and prompting various rating upgrades from analysts.

Siren L.L.C. grew its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 9.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,616 shares of the company's stock after acquiring an additional 11,500 shares during the period. Siren L.L.C. owned 0.11% of JFrog worth $4,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in shares of JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after buying an additional 329 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of JFrog by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 80,898 shares of the company's stock worth $2,379,000 after buying an additional 439 shares during the last quarter. IFP Advisors Inc raised its stake in shares of JFrog by 10.2% during the first quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock worth $190,000 after buying an additional 548 shares during the last quarter. Snowden Capital Advisors LLC raised its stake in shares of JFrog by 4.2% during the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock worth $409,000 after buying an additional 564 shares during the last quarter. Finally, Signaturefd LLC raised its stake 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 buying an additional 597 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Piper Sandler reaffirmed a "neutral" rating and issued a $48.00 target price (up previously from $40.00) on shares of JFrog in a research note on Friday, August 8th. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research note on Saturday. Robert W. Baird upped their target price on shares of JFrog from $52.00 to $58.00 and gave the company an "outperform" rating in a research note on Thursday. KeyCorp upped their target price on shares of JFrog from $52.00 to $57.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Raymond James Financial upped their target price 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 analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $49.60.

JFrog Price Performance

Shares of JFrog stock traded up $0.05 on Friday, hitting $49.94. The company had a trading volume of 663,800 shares, compared to its average volume of 1,457,176. The firm has a market capitalization of $5.83 billion, a P/E ratio of -64.86 and a beta of 1.07. JFrog Ltd. has a twelve month low of $27.00 and a twelve month high of $50.98. The stock has a 50-day moving average of $44.46 and a 200-day moving average of $39.65.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share 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 analysts' expectations of $122.80 million. During the same quarter in the prior year, the company earned $0.15 earnings per share. 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. Equities analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Buying and Selling

In related news, CTO Yoav Landman sold 102,419 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $49.73, for a total transaction 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 represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 38,159 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $50.32, for a total transaction of $1,920,160.88. Following the transaction, the chief executive officer owned 4,899,512 shares of the company's stock, valued at $246,543,443.84. The trade was a 0.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 528,748 shares of company stock worth $24,783,511. 14.10% of the stock is owned by insiders.

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.