Raymond James Financial Inc. Has $34.31 Million Holdings in JFrog Ltd. $FROG

Key Points

• Raymond James Financial Inc. has increased its stake in JFrog Ltd. by 3.2% in the first quarter, now holding approximately 1,072,136 shares valued at about $34.31 million.
• Insider transactions revealed that JFrog's CFO sold 13,043 shares for $586,935, reducing their holdings by 7.54%.
• Analysts have upgraded price targets for JFrog, with recent estimates rising up to $53.00, as the company reported better-than-expected earnings for the quarter.

Raymond James Financial Inc. increased its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,072,136 shares of the company's stock after purchasing an additional 33,236 shares during the period. Raymond James Financial Inc. owned approximately 0.94% of JFrog worth $34,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Signaturefd LLC boosted its stake in shares of JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after buying an additional 597 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after buying an additional 329 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of JFrog during the 1st quarter worth about $104,000. Tower Research Capital LLC TRC boosted its stake in shares of JFrog by 33,106.3% during 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. Finally, IFP Advisors Inc boosted its stake in shares of JFrog by 10.2% during the 1st quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock worth $190,000 after buying an additional 548 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 13,043 shares of the stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $45.00, for a total value of $586,935.00. Following the transaction, the chief financial officer directly owned 159,887 shares of the company's stock, valued at $7,194,915. This represents a 7.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 approximately $29,623,297.60. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 308,338 shares of company stock worth $13,154,150. 14.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Stifel Nicolaus increased their price objective on shares of JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. KeyCorp upped their target price on shares of JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, August 8th. DA Davidson upped their target price on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, May 9th. Cowen reaffirmed a "buy" rating on shares of JFrog in a report on Friday, August 8th. Finally, Morgan Stanley upped their target price on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, JFrog presently has an average rating of "Moderate Buy" and an average price target of $46.87.

JFrog Stock Up 0.3%

JFrog stock opened at $47.04 on Friday. The stock has a market cap of $5.49 billion, a P/E ratio of -61.09 and a beta of 1.06. JFrog Ltd. has a twelve month low of $25.94 and a twelve month high of $47.48. The company's 50-day moving average price is $42.43 and its two-hundred day moving average price is $38.50.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $127.20 million for the quarter, compared to analysts' expectations of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The business's 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. Equities analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

JFrog 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.

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