JFrog Ltd. $FROG Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn cut its stake in JFrog by 20.8% in Q3, selling 141,165 shares and ending the period with 538,268 shares worth about $25.48 million, while institutional investors own roughly 85% of the stock.
• Insider selling accelerated recently: CEO Ben Haim sold 71,841 shares and CFO Eduard Grabscheid sold 15,639 shares on March 2, and insiders have sold 351,960 shares valued at $17.37 million over the past 90 days (insiders own ~14.1%).
• Business performance and outlook: JFrog beat Q results (EPS $0.22 vs. $0.19; revenue +25.2% to $145.3M), provided FY2026 EPS guidance of $0.880–0.920, and holds a consensus "Moderate Buy" analyst rating with an average price target of $67.42.

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 20.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 538,268 shares of the company's stock after selling 141,165 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.45% of JFrog worth $25,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in FROG. Vanguard Group Inc. increased its position in JFrog by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 9,143,178 shares of the company's stock valued at $432,747,000 after acquiring an additional 224,513 shares during the period. Wasatch Advisors LP boosted its position in JFrog by 3.0% during the 2nd quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company's stock worth $112,228,000 after acquiring an additional 74,153 shares during the period. JPMorgan Chase & Co. boosted its position in JFrog by 3.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,903,396 shares of the company's stock worth $83,521,000 after acquiring an additional 56,213 shares during the period. Ensign Peak Advisors Inc grew its stake in shares of JFrog by 15.4% in the second quarter. Ensign Peak Advisors Inc now owns 1,504,950 shares of the company's stock worth $66,037,000 after purchasing an additional 200,995 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of JFrog by 0.4% in the second quarter. Bank of America Corp DE now owns 1,437,352 shares of the company's stock worth $63,071,000 after purchasing an additional 6,161 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Trading Up 0.1%

Shares of JFrog stock opened at $41.89 on Friday. JFrog Ltd. has a 52 week low of $27.00 and a 52 week high of $70.43. The stock has a market cap of $5.01 billion, a PE ratio of -67.56 and a beta of 1.20. The company's 50-day moving average price is $50.69 and its two-hundred day moving average price is $53.41.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. JFrog had a negative net margin of 13.50% and a negative return on equity of 5.74%. The company had revenue of $145.31 million during the quarter, compared to analyst estimates of $138.09 million. During the same quarter last year, the firm posted $0.19 EPS. The business's revenue for the quarter was up 25.2% on a year-over-year basis. JFrog has set its FY 2026 guidance at 0.880-0.920 EPS and its Q1 2026 guidance at 0.200-0.220 EPS. On average, equities analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 71,841 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $40.15, for a total transaction of $2,884,416.15. Following the completion of the sale, the chief executive officer directly owned 4,815,612 shares of the company's stock, valued at $193,346,821.80. This trade represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Eduard Grabscheid sold 15,639 shares of the firm's stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $40.15, for a total value of $627,905.85. Following the sale, the chief financial officer directly owned 239,902 shares of the company's stock, valued at approximately $9,632,065.30. This represents a 6.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 351,960 shares of company stock valued at $17,367,657 in the last 90 days. 14.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on FROG shares. Barclays lifted their price objective on shares of JFrog from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Monday, January 12th. BTIG Research lowered their target price on shares of JFrog from $83.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday, February 13th. DA Davidson dropped their price target on shares of JFrog from $75.00 to $65.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. William Blair reaffirmed an "outperform" rating on shares of JFrog in a research note on Monday, February 23rd. Finally, UBS Group set a $60.00 price objective on shares of JFrog in a report on Friday, February 13th. Sixteen analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $67.42.

About JFrog

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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