JFrog Ltd. $FROG Shares Bought by Praesidium Investment Management Company LLC

Key Points

• Praesidium Investment Management Company LLC increased its stake in JFrog Ltd. by 8.4%, holding approximately $50.89 million worth of shares, making JFrog its third-largest holding.
• Multiple institutional investors also raised their positions in JFrog during the first quarter, supporting a strong overall institutional ownership of 85.02%.
• JFrog recently announced its quarterly earnings, exceeding estimates with $0.18 EPS against a consensus of $0.16, alongside a 23.5% year-over-year revenue increase.

Praesidium Investment Management Company LLC grew its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,590,388 shares of the company's stock after purchasing an additional 123,160 shares during the period. JFrog comprises about 9.5% of Praesidium Investment Management Company LLC's portfolio, making the stock its 3rd largest position. Praesidium Investment Management Company LLC owned approximately 1.39% of JFrog worth $50,892,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of FROG. Signaturefd LLC raised its holdings in JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after purchasing an additional 597 shares during the period. PNC Financial Services Group Inc. raised its holdings in JFrog by 32.4% in the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after purchasing an additional 329 shares during the period. Bayforest Capital Ltd acquired a new stake in JFrog in the first quarter worth $104,000. Smartleaf Asset Management LLC raised its holdings in JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company's stock worth $123,000 after purchasing an additional 800 shares during the period. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in JFrog in the first quarter worth $128,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Performance

JFrog stock traded up $1.66 during mid-day trading on Friday, reaching $50.06. The company's stock had a trading volume of 1,046,803 shares, compared to its average volume of 1,641,230. 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 Ltd. has a 12 month low of $27.00 and a 12 month high of $50.57. The business's 50 day simple moving average is $43.70 and its 200 day simple moving average is $39.23.

JFrog (NASDAQ:FROG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating 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 business had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. During the same quarter last year, the firm earned $0.15 earnings per share. The firm's revenue for the quarter was up 23.5% compared to the same quarter last year. 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 expect that JFrog Ltd. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on FROG shares. Cowen restated a "buy" rating on shares of JFrog in a report on Friday, August 8th. Raymond James Financial raised their price objective on shares of JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Cantor Fitzgerald raised their price objective on shares of JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a report on Friday, August 8th. Piper Sandler restated a "neutral" rating and set a $48.00 price objective (up from $40.00) on shares of JFrog in a report on Friday, August 8th. Finally, Stifel Nicolaus raised their price objective on shares of JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.87.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 29,101 shares of JFrog stock in a transaction dated 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 transaction, the chief executive officer owned 4,937,311 shares of the company's stock, valued at $235,904,719.58. This trade represents a 0.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Yoav Landman sold 102,419 shares of JFrog stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.73, for a total transaction of $5,093,296.87. Following the completion of the transaction, the chief technology officer directly owned 6,081,087 shares of the company's stock, valued at approximately $302,412,456.51. This trade represents a 1.66% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 442,522 shares of company stock valued at $20,456,252 in the last quarter. Company insiders own 14.10% of the company's stock.

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.