JFrog Ltd. $FROG Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its JFrog position by 42.6% in the second quarter, selling 250,638 shares and retaining 338,252 shares valued at approximately $30.7 million. Institutional investors collectively own 85.02% of the company.
• JFrog exceeded second-quarter expectations with adjusted EPS of $0.27 versus $0.24 expected and revenue of $163.8 million, up 28.7% year over year. Cloud revenue rose 53%, and the company raised its fiscal 2026 revenue and EPS guidance.
• Shares recently traded at $89.52 after rising 7.8%. Analysts maintain a “Moderate Buy” consensus with an average price target of $105.81, although insiders sold nearly 939,000 shares worth $76.3 million during the latest quarter.

Assenagon Asset Management S.A. lowered its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 42.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 338,252 shares of the company's stock after selling 250,638 shares during the quarter. Assenagon Asset Management S.A. owned about 0.28% of JFrog worth $30,740,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FROG. Avior Wealth Management LLC purchased a new position in JFrog in the second quarter valued at approximately $289,000. Moody National Bank Trust Division purchased a new stake in JFrog during the second quarter worth approximately $822,000. Lavelle Capital LP purchased a new stake in JFrog during the first quarter worth approximately $1,046,000. Alpine Woods Capital Investors LLC acquired a new stake in shares of JFrog in the first quarter worth $294,000. Finally, Western Wealth Management LLC acquired a new stake in shares of JFrog in the first quarter worth $30,000. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Trading Up 7.8%

NASDAQ FROG opened at $89.52 on Friday. The company's fifty day simple moving average is $85.16 and its 200-day simple moving average is $63.11. JFrog Ltd. has a 52 week low of $34.05 and a 52 week high of $99.22. The stock has a market cap of $10.84 billion, a P/E ratio of -241.94 and a beta of 1.22.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $163.77 million during the quarter, compared to the consensus estimate of $155.63 million. JFrog had a negative net margin of 7.35% and a negative return on equity of 2.76%. The business's quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. On average, research analysts expect that JFrog Ltd. will post -0.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $85.84, for a total transaction of $10,300,800.00. Following the sale, the director directly owned 3,224,328 shares of the company's stock, valued at approximately $276,776,315.52. The trade was a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Yoav Landman sold 150,000 shares of JFrog stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $89.99, for a total value of $13,498,500.00. Following the sale, the chief technology officer directly owned 5,539,038 shares in the company, valued at approximately $498,458,029.62. The trade was a 2.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 938,649 shares of company stock worth $76,347,827 in the last quarter. 11.80% of the stock is owned by corporate insiders.

Key Headlines Impacting JFrog

Here are the key news stories impacting JFrog this week:

• Positive Sentiment: Q2 results beat expectations. JFrog reported adjusted earnings of $0.27 per share versus the $0.24 consensus estimate, while revenue rose 28.7% year over year to $163.8 million, above both analyst expectations and the company’s prior guidance. JFrog Q2 Earnings Beat Estimates on Cloud and Security Growth
• Positive Sentiment: Cloud and security momentum strengthened. Cloud revenue jumped 53% to approximately $87.5 million, representing 53% of total revenue. JFrog also reported 97 customers with more than $1 million in annual recurring revenue and 121% net dollar retention, supporting the company’s expansion and recurring-revenue outlook. JFrog stock jumps as Q2 results top guidance and full-year outlook moves higher
• Positive Sentiment: JFrog raised its outlook. Fiscal 2026 revenue guidance increased to $648 million-$652 million from $628 million-$632 million, while adjusted EPS guidance rose to $0.96-$1.00. Third-quarter guidance of $164 million-$166 million in revenue and $0.22-$0.24 in EPS also exceeds consensus estimates. JFrog forecasts 2026 revenue amid cloud growth outlook
• Positive Sentiment: Analysts raised targets following the report. Benchmark raised its target to $120 and JPMorgan, Oppenheimer, and BTIG lifted theirs to $115. Truist increased its target to $110, while Piper Sandler raised its target to $90 but retained a neutral rating. Analyst price-target updates
• Neutral Sentiment: Software stocks broadly moved higher as solid earnings reduced concerns about artificial-intelligence disruption, providing a favorable sector backdrop for FROG. Stocks that explain today’s market
• Negative Sentiment: Recent insider-trading data shows company insiders recorded numerous open-market sales and no purchases over the past six months. This may temper enthusiasm, although the selling can also reflect scheduled transactions or equity compensation.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FROG. Piper Sandler raised their target price on shares of JFrog from $65.00 to $90.00 and gave the company a "neutral" rating in a research note on Friday. Canaccord Genuity Group set a $105.00 price target on shares of JFrog in a research report on Friday. Needham & Company LLC increased their price target on JFrog from $80.00 to $115.00 and gave the company a "buy" rating in a report on Friday. TD Cowen raised their price objective on JFrog from $100.00 to $120.00 and gave the company a "buy" rating in a research report on Friday. Finally, Cantor Fitzgerald boosted their price objective on JFrog from $80.00 to $100.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Twenty-one equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.81.

JFrog Profile

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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