PDT Partners LLC Makes New Investment in JFrog Ltd. $FROG

Key Points

• PDT Partners LLC has acquired a new stake in JFrog Ltd., purchasing 119,975 shares valued at approximately $3.84 million, bringing its ownership to roughly 0.10%.
• Prominent investors, including T. Rowe Price and Vanguard Group, have also increased their stakes in JFrog, indicating strong institutional interest with 85.02% of the stock owned by hedge funds and other institutional investors.
• JFrog reported a quarterly EPS of $0.18, surpassing analysts' estimates, and has set guidance for FY 2025 at $0.680-0.70 EPS, reflecting anticipated growth.

PDT Partners LLC acquired a new stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 119,975 shares of the company's stock, valued at approximately $3,839,000. PDT Partners LLC owned about 0.10% of JFrog as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Marshall Wace LLP increased its position in shares of JFrog by 36.1% during the fourth quarter. Marshall Wace LLP now owns 11,838 shares of the company's stock valued at $348,000 after acquiring an additional 3,138 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of 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 purchasing an additional 5,297 shares in the last quarter. Northern Trust Corp raised its stake in shares of JFrog by 79.0% in the fourth quarter. Northern Trust Corp now owns 155,121 shares of the company's stock worth $4,562,000 after purchasing an additional 68,463 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in shares of JFrog by 134.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 33,270 shares of the company's stock worth $978,000 after purchasing an additional 19,057 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of JFrog by 29.8% during the fourth quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company's stock valued at $3,766,000 after purchasing an additional 29,372 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Robert W. Baird set a $47.00 target price on JFrog and gave the stock an "outperform" rating in a research report on Monday, August 4th. DA Davidson boosted their price objective on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, May 9th. Raymond James Financial raised their target price on shares of JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Needham & Company LLC reiterated a "buy" rating and set a $55.00 target price (up from $46.00) on shares of JFrog in a research note on Friday, August 8th. Finally, Wall Street Zen cut JFrog from a "buy" rating to a "hold" rating in a report on Friday. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $46.87.

Insider Buying and Selling

In related news, CEO Ben Haim Shlomi sold 29,101 shares of the 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 directly owned 4,937,311 shares of the company's stock, valued at approximately $235,904,719.58. This represents a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Yvonne Wassenaar sold 1,368 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $49.00, for a total transaction of $67,032.00. Following the completion of the sale, the director directly owned 32,051 shares of the company's stock, valued at $1,570,499. This represents a 4.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 442,522 shares of company stock worth $20,456,252 in the last ninety days. Corporate insiders own 14.10% of the company's stock.

JFrog Trading Up 3.4%

NASDAQ FROG traded up $1.66 on Friday, hitting $50.06. 1,046,803 shares of the company traded hands, compared to its average volume of 1,641,230. The business's 50 day moving average price is $43.70 and its 200-day moving average price is $39.23. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $50.57. The company has a market capitalization of $5.84 billion, a price-to-earnings ratio of -65.01 and a beta of 1.07.

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 the consensus estimate of $0.16 by $0.02. The firm had revenue of $127.20 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter last year, the company 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 predict 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.