Next Century Growth Investors LLC Invests $3.28 Million in JFrog Ltd. $FROG

Key Points

• Next Century Growth Investors LLC invested approximately $3.28 million in JFrog Ltd., acquiring 102,462 shares during the first quarter.
• Institutional investors collectively hold over 85% of JFrog's stock, indicating strong interest in the company's shares.
• JFrog reported a 23.5% year-over-year revenue growth for the last quarter, with a quarterly revenue of $127.20 million, surpassing analysts' expectations.

Next Century Growth Investors LLC purchased a new stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 102,462 shares of the company's stock, valued at approximately $3,279,000. Next Century Growth Investors LLC owned 0.09% of JFrog at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Marshall Wace LLP grew its stake in JFrog by 36.1% during the 4th quarter. Marshall Wace LLP now owns 11,838 shares of the company's stock valued at $348,000 after purchasing an additional 3,138 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in JFrog by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock worth $52,509,000 after buying an additional 53,622 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in JFrog by 33,106.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after buying an additional 5,297 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in JFrog in the 4th quarter worth approximately $1,437,000. Finally, Aquatic Capital Management LLC purchased a new position in JFrog in the 4th quarter worth approximately $223,000. Institutional investors own 85.02% of the company's stock.

Insider Buying and Selling

In related news, CEO Ben Haim Shlomi sold 15,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $41.75, for a total value of $626,250.00. Following the completion of the transaction, the chief executive officer directly owned 4,981,412 shares of the company's stock, valued at $207,973,951. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederic Simon sold 50,000 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $47.11, for a total value 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 a total of 408,338 shares of company stock valued at $17,865,150 over the last quarter. Company insiders own 14.10% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FROG. Cantor Fitzgerald raised their price target on shares of JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Cowen restated a "buy" rating on shares of JFrog in a report on Friday, August 8th. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Morgan Stanley upped their price target on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Piper Sandler reissued a "neutral" rating and issued a $48.00 price objective (up from $40.00) on shares of JFrog in a research note on Friday, August 8th. Fourteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, JFrog presently has an average rating of "Moderate Buy" and an average target price of $46.87.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $48.99 on Thursday. The company's fifty day moving average is $42.79 and its two-hundred day moving average is $38.72. JFrog Ltd. has a 1-year low of $26.10 and a 1-year high of $49.07. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of -63.62 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share 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 business's quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the firm earned $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. Sell-side analysts expect that JFrog Ltd. will post -0.33 EPS for the current fiscal 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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