JFrog Ltd. $FROG Shares Acquired by Siren L.L.C.

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. lifted its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 9.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,616 shares of the company's stock after acquiring an additional 11,500 shares during the quarter. Siren L.L.C. owned 0.11% of JFrog worth $4,212,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in FROG. Signaturefd LLC raised its holdings in shares of JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after acquiring an additional 597 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after acquiring an additional 329 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of JFrog in the first quarter valued at about $104,000. Smartleaf Asset Management LLC raised its holdings in shares of JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock valued at $123,000 after acquiring an additional 800 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in JFrog in the first quarter valued at about $128,000. 85.02% of the stock is currently owned by institutional investors.

JFrog Trading Down 2.2%

JFrog stock traded down $1.10 during midday trading on Tuesday, reaching $48.27. 693,348 shares of the stock traded hands, compared to its average volume of 1,139,251. The company has a 50-day simple moving average of $44.60 and a two-hundred day simple moving average of $39.75. JFrog Ltd. has a 12-month low of $27.00 and a 12-month high of $50.98. The firm has a market cap of $5.63 billion, a PE ratio of -62.68 and a beta of 1.07.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $127.20 million during the quarter, compared to analysts' expectations of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The business's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Equities research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Buying and Selling at JFrog

In other JFrog news, Director Yvonne Wassenaar sold 1,368 shares of JFrog stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $49.00, for a total transaction of $67,032.00. Following the transaction, the director owned 32,051 shares of the company's stock, valued at $1,570,499. The trade was a 4.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Tali Notman sold 13,067 shares of JFrog stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $50.26, for a total value of $656,747.42. Following the transaction, the executive directly owned 658,842 shares in the company, valued at approximately $33,113,398.92. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 528,748 shares of company stock worth $24,783,511. 14.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FROG has been the topic of several analyst reports. Piper Sandler reiterated 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. Canaccord Genuity Group lifted their target price on JFrog from $52.00 to $55.00 and gave the company a "buy" rating in a research note on Thursday, September 11th. Raymond James Financial lifted their target price on JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Stifel Nicolaus boosted their price target on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a research note on Saturday. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.93.

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.