Siren L.L.C. Acquires 11,500 Shares of JFrog Ltd. $FROG

Key Points

• Siren L.L.C. increased its stake in JFrog Ltd. by 9.6%, acquiring an additional 11,500 shares, which brings their total ownership to approximately 0.11% of the company.
• CEO Ben Haim Shlomi and Director Frederic Simon each sold shares of JFrog, with Shlomi selling 15,000 shares for $626,250 and Simon selling 50,000 shares for $2,355,500.
• JFrog's stock opened at $50.07, with a 52-week high of $50.57, following a recent earnings report that exceeded analyst expectations.

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

Other institutional investors have also added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its position in shares of JFrog by 65.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock worth $84,166,000 after buying an additional 1,037,482 shares during the period. Mackenzie Financial Corp lifted its stake in JFrog by 93.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock valued at $58,703,000 after acquiring an additional 965,912 shares in the last quarter. Bamco Inc. NY acquired a new position in JFrog during the 4th quarter worth approximately $21,322,000. Daventry Group LP grew its stake in shares of JFrog by 103.0% during the 4th quarter. Daventry Group LP now owns 1,403,708 shares of the company's stock worth $41,283,000 after acquiring an additional 712,373 shares in the last quarter. Finally, Woodline Partners LP grew its stake in shares of JFrog by 1,312.6% during the 4th quarter. Woodline Partners LP now owns 438,454 shares of the company's stock worth $12,895,000 after acquiring an additional 407,415 shares in the last quarter. 85.02% of the stock is owned by institutional investors.

Insider Transactions at JFrog

In other JFrog news, Director Frederic Simon sold 50,000 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the sale, 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 SEC, which is available at this hyperlink. Also, CTO Yoav Landman sold 102,419 shares of the stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.73, for a total value of $5,093,296.87. Following the sale, the chief technology officer owned 6,081,087 shares of the company's stock, valued at $302,412,456.51. This represents a 1.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 549,705 shares of company stock valued at $24,867,274. Corporate insiders own 14.10% of the company's stock.

JFrog Stock Down 3.0%

JFrog stock traded down $1.48 during trading hours on Tuesday, hitting $47.89. The stock had a trading volume of 1,312,211 shares, compared to its average volume of 1,129,897. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of -62.19 and a beta of 1.06. JFrog Ltd. has a one year low of $26.10 and a one year high of $50.57. The business's 50 day simple moving average is $43.29 and its 200-day simple moving average is $39.00.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. During the same quarter last year, the firm earned $0.15 earnings per share. JFrog's quarterly revenue 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. Research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Cowen reissued a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Needham & Company LLC restated a "buy" rating and set a $55.00 price objective (up from $46.00) on shares of JFrog in a research note on Friday, August 8th. Barclays lifted their target price on JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Morgan Stanley upped their target price on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.87.

JFrog Company 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.