JFrog Ltd. $FROG Stake Decreased by Ararat Capital Management LP

Key Points

• Ararat Capital Management LP cut its JFrog stake by 38.9% in Q3, selling 64,349 shares and retaining 101,054 shares worth about $4.78 million (JFrog is its 16th largest holding).
• JFrog beat quarterly estimates with $0.22 EPS vs $0.19 and revenue of $145.31M (up 25.2% YoY), and issued FY2026 EPS guidance of 0.88–0.92.
• Insiders sold heavily last quarter — including the CEO and CTO — totaling 351,960 shares worth $17.37M, while analysts remain largely positive (16 Buys, average price target of $67.42).

Ararat Capital Management LP cut its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 38.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,054 shares of the company's stock after selling 64,349 shares during the period. JFrog makes up about 2.6% of Ararat Capital Management LP's investment portfolio, making the stock its 16th largest holding. Ararat Capital Management LP owned about 0.09% of JFrog worth $4,783,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in JFrog by 2.5% during 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 in the last quarter. Wasatch Advisors LP grew its stake in shares of JFrog by 3.0% in the second quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company's stock worth $112,228,000 after purchasing an additional 74,153 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of JFrog by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 1,903,396 shares of the company's stock worth $83,521,000 after purchasing an additional 56,213 shares in the last quarter. Ensign Peak Advisors Inc increased its holdings in shares of JFrog by 15.4% during the second quarter. Ensign Peak Advisors Inc now owns 1,504,950 shares of the company's stock valued at $66,037,000 after purchasing an additional 200,995 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of JFrog by 0.4% during the second quarter. Bank of America Corp DE now owns 1,437,352 shares of the company's stock valued at $63,071,000 after purchasing an additional 6,161 shares during the period. 85.02% of the stock is owned by institutional investors.

JFrog Stock Down 2.0%

NASDAQ:FROG opened at $41.07 on Friday. The business's 50-day moving average price is $50.32 and its 200 day moving average price is $53.42. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $70.43. The firm has a market cap of $4.91 billion, a P/E ratio of -66.24 and a beta of 1.20.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FROG shares. Canaccord Genuity Group reduced their price objective on shares of JFrog from $75.00 to $66.00 and set a "buy" rating for the company in a report on Friday, February 13th. William Blair reissued an "outperform" rating on shares of JFrog in a research note on Monday, February 23rd. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research note on Sunday, February 15th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $80.00 price objective on shares of JFrog in a report on Wednesday, February 4th. Finally, Stifel Nicolaus lowered their price objective on shares of JFrog from $64.00 to $52.00 and set a "buy" rating on the stock in a research note on Monday, February 23rd. Sixteen equities research 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, JFrog presently has an average rating of "Moderate Buy" and an average price target of $67.42.

Insider Buying and Selling at JFrog

In related news, CEO Ben Haim Shlomi sold 25,363 shares of the firm's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $41.50, for a total transaction of $1,052,564.50. Following the completion of the sale, the chief executive officer directly owned 4,790,249 shares in the company, valued at approximately $198,795,333.50. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Yoav Landman sold 45,000 shares of JFrog stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $57.71, for a total transaction of $2,596,950.00. Following the completion of the transaction, the chief technology officer owned 5,868,641 shares in the company, valued at approximately $338,679,272.11. This trade represents a 0.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 351,960 shares of company stock valued at $17,367,657. Corporate insiders own 14.10% of the company's stock.

JFrog Company 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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