Magnetar Financial LLC Purchases New Holdings in JFrog Ltd. $FROG

Key Points

• Magnetar Financial LLC acquired a new stake in JFrog Ltd., purchasing 19,634 shares valued at approximately $628,000 during the first quarter.
• Several hedge funds, including T. Rowe Price and Mackenzie Financial Corp, significantly increased their holdings in JFrog, which is now owned by institutional investors and hedge funds at a rate of 85.02%.
• JFrog reported $0.18 earnings per share for the last quarter, exceeding analysts' expectations, and has set FY 2025 guidance at 0.680-0.700 EPS.

Magnetar Financial LLC purchased a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 19,634 shares of the company's stock, valued at approximately $628,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock valued at $43,000 after purchasing an additional 329 shares during the period. California State Teachers Retirement System raised its stake in JFrog by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 80,898 shares of the company's stock valued at $2,379,000 after acquiring an additional 439 shares in the last quarter. IFP Advisors Inc raised its stake in JFrog by 10.2% during the 1st quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock valued at $190,000 after acquiring an additional 548 shares in the last quarter. Snowden Capital Advisors LLC raised its stake in JFrog by 4.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock valued at $409,000 after acquiring an additional 564 shares in the last quarter. Finally, Signaturefd LLC raised its stake in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after acquiring an additional 597 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Trading Up 3.4%

Shares of NASDAQ FROG traded up $1.66 during mid-day trading on Friday, reaching $50.06. The company had a trading volume of 1,046,718 shares, compared to its average volume of 1,130,346. The stock has a market cap of $5.84 billion, a PE ratio of -65.01 and a beta of 1.07. The company has a 50-day moving average price of $43.58 and a two-hundred day moving average price of $39.18. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $50.57.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million for the quarter, compared to analysts' expectations of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The company's quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 EPS. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, research analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Ratings Changes

FROG has been the topic of several recent analyst reports. Morgan Stanley lifted their target price on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. KeyCorp lifted their target price on JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Cowen reaffirmed a "buy" rating on shares of JFrog in a research note on Friday, August 8th. Finally, Raymond James Financial upped their price target on shares of JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.87.

Insider Buying and Selling

In related news, CEO Ben Haim Shlomi sold 29,101 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $47.78, for a total value of $1,390,445.78. Following the completion of the sale, the chief executive officer owned 4,937,311 shares in the company, valued at approximately $235,904,719.58. This represents a 0.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederic Simon sold 50,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the completion of the sale, the director owned 4,154,903 shares of the company's stock, valued at approximately $195,737,480.33. This trade represents a 1.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,522 shares of company stock worth $20,456,252 in the last three months. 14.10% of the stock is currently owned by insiders.

JFrog Company 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.