JFrog Ltd. $FROG Shares Sold by William Blair Investment Management LLC

Key Points

• William Blair Investment Management LLC reduced its stake in JFrog Ltd. by 13.3%, now holding approximately 790,759 shares valued at about $34.7 million after selling 121,500 shares in the second quarter.
• Institutional ownership in JFrog is substantial, with hedge funds collectively holding 85.02% of the company’s stock, highlighting significant investment interest.
• Analysts have adjusted JFrog’s target price upwards, with estimates ranging from $52.00 to $65.00 following a positive earnings report that beat consensus expectations.

William Blair Investment Management LLC decreased its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 13.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 790,759 shares of the company's stock after selling 121,500 shares during the period. William Blair Investment Management LLC owned approximately 0.69% of JFrog worth $34,699,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of JFrog by 0.4% during the first quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock worth $283,903,000 after buying an additional 35,458 shares during the period. TimesSquare Capital Management LLC lifted its position in JFrog by 6.5% in the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock valued at $115,933,000 after purchasing an additional 222,635 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock valued at $84,166,000 after purchasing an additional 1,037,482 shares in the last quarter. Alliancebernstein L.P. increased its position in JFrog by 1,974.0% during the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company's stock worth $68,832,000 after purchasing an additional 2,047,294 shares during the period. Finally, Fiera Capital Corp increased its position in JFrog by 12.2% during the 1st quarter. Fiera Capital Corp now owns 1,694,635 shares of the company's stock worth $54,228,000 after purchasing an additional 184,448 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

Insider Activity

In related news, CFO Eduard Grabscheid sold 4,908 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $47.29, for a total transaction of $232,099.32. Following the sale, the chief financial officer owned 136,165 shares in the company, valued at approximately $6,439,242.85. This trade represents a 3.48% 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. Also, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $46.92, for a total transaction of $1,642,200.00. Following the sale, the director owned 4,084,903 shares in the company, valued at approximately $191,663,648.76. This trade represents a 0.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 480,120 shares of company stock valued at $23,018,027 in the last 90 days. Insiders own 14.10% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on FROG. Robert W. Baird boosted their target price on JFrog from $52.00 to $58.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Stifel Nicolaus boosted their target price on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Morgan Stanley increased their target price on shares of JFrog from $50.00 to $65.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Barclays increased their target price on shares of JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Wall Street Zen cut shares of JFrog from a "buy" rating to a "hold" rating in a report on Friday, September 26th. Fifteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.13.

JFrog Price Performance

FROG stock opened at $47.34 on Friday. The company's 50 day simple moving average is $47.69 and its 200-day simple moving average is $42.11. The firm has a market capitalization of $5.53 billion, a PE ratio of -61.48 and a beta of 1.05. JFrog Ltd. has a 12 month low of $27.00 and a 12 month high of $51.94.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $127.20 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the business earned $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. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

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.

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