Next Century Growth Investors LLC Buys New Holdings 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 JFrog Ltd. (NASDAQ:FROG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FROG. T. Rowe Price Investment Management Inc. increased its position in shares of 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 buying an additional 1,037,482 shares in the last quarter. Mackenzie Financial Corp increased its position in shares of JFrog by 93.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock valued at $58,703,000 after buying an additional 965,912 shares in the last quarter. Bamco Inc. NY bought a new stake in shares of JFrog in the 4th quarter valued at $21,322,000. Daventry Group LP increased its position in shares of JFrog by 103.0% in the 4th quarter. Daventry Group LP now owns 1,403,708 shares of the company's stock valued at $41,283,000 after buying an additional 712,373 shares in the last quarter. Finally, Woodline Partners LP increased its position in shares of JFrog by 1,312.6% in the 4th quarter. Woodline Partners LP now owns 438,454 shares of the company's stock valued at $12,895,000 after buying an additional 407,415 shares in the last quarter. Institutional investors own 85.02% of the company's stock.

Insider Buying and Selling at JFrog

In other news, CRO Tali Notman sold 23,157 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the transaction, the executive directly owned 686,360 shares in the company, valued at $29,623,297.60. This represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Frederic Simon sold 50,000 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the transaction, the director owned 4,154,903 shares of the company's stock, valued at approximately $195,737,480.33. This represents a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 549,705 shares of company stock valued at $24,867,274. Corporate insiders own 14.10% of the company's stock.

JFrog Trading Down 3.6%

Shares of JFrog stock traded down $1.78 during trading hours on Tuesday, reaching $47.60. 690,906 shares of the company's stock were exchanged, compared to its average volume of 1,127,391. The company has a 50 day moving average of $43.29 and a two-hundred day moving average of $39.00. JFrog Ltd. has a fifty-two week low of $26.10 and a fifty-two week high of $50.57. The stock has a market cap of $5.56 billion, a P/E ratio of -61.81 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The company had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. During the same period in the prior year, the business posted $0.15 EPS. The company's quarterly revenue was up 23.5% on a year-over-year basis. 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, analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Barclays upped their price objective on shares of JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Stifel Nicolaus increased their target price on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Cantor Fitzgerald increased their target price on JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Raymond James Financial increased their target price on JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, KeyCorp increased their target price on JFrog from $46.00 to $52.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.87.

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.