JFrog Ltd. $FROG Shares Sold by Ashford Capital Management Inc.

Key Points

• Ashford Capital Management Inc. has reduced its stake in JFrog Ltd. by 3.0% in the first quarter, now holding 322,680 shares valued at approximately $10.3 million, making it the fund's 29th largest position.
• JFrog announced better-than-expected earnings, reporting a $0.18 EPS for the quarter and guiding for FY 2025 EPS between $0.680-0.70, contributing to a positive outlook among analysts.
• Insider trading activity includes sales by key executives; CRO Tali Notman sold 23,157 shares and CEO Ben Haim Shlomi sold 54,279 shares, indicating a slight decrease in their holdings.

Ashford Capital Management Inc. decreased its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 322,680 shares of the company's stock after selling 9,920 shares during the quarter. JFrog accounts for approximately 1.3% of Ashford Capital Management Inc.'s portfolio, making the stock its 29th largest position. Ashford Capital Management Inc. owned about 0.28% of JFrog worth $10,326,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vident Advisory LLC purchased a new stake in JFrog in the first quarter valued at approximately $242,000. Magnetar Financial LLC purchased a new stake in JFrog in the first quarter valued at approximately $628,000. Gordian Capital Singapore Pte Ltd purchased a new stake in JFrog in the first quarter valued at approximately $128,000. Canada Pension Plan Investment Board raised its position in JFrog by 95.6% in the first quarter. Canada Pension Plan Investment Board now owns 196,954 shares of the company's stock valued at $6,303,000 after purchasing an additional 96,241 shares during the period. Finally, Siren L.L.C. raised its position in JFrog by 9.6% in the first quarter. Siren L.L.C. now owns 131,616 shares of the company's stock valued at $4,212,000 after purchasing an additional 11,500 shares during the period. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Trading Down 0.3%

Shares of FROG stock traded down $0.12 on Wednesday, reaching $47.76. 1,071,698 shares of the stock were exchanged, compared to its average volume of 1,133,128. The business's 50 day moving average price is $43.39 and its 200 day moving average price is $39.06. The company has a market capitalization of $5.58 billion, a price-to-earnings ratio of -62.03 and a beta of 1.07. JFrog Ltd. has a twelve month low of $26.11 and a twelve month high of $50.57.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The firm had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The company's revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.15 earnings per share. 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 forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Activity

In related news, CEO Ben Haim Shlomi sold 54,279 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $43.07, for a total transaction of $2,337,796.53. Following the completion of the transaction, the chief executive officer owned 4,996,412 shares in the company, valued at approximately $215,195,464.84. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CRO Tali Notman sold 23,157 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.16, for a total transaction of $999,456.12. Following the transaction, the executive owned 686,360 shares of the company's stock, valued at approximately $29,623,297.60. The trade was a 3.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 536,662 shares of company stock worth $24,280,339. 14.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FROG. Raymond James Financial boosted their target price on JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Barclays boosted their price target on shares of JFrog from $45.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Stifel Nicolaus boosted their price target on shares of JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Morgan Stanley boosted their price target on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, DA Davidson boosted their price target on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Fourteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.87.

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.