Roubaix Capital LLC Sells 53,433 Shares of JFrog Ltd. $FROG

Key Points

• Roubaix Capital LLC reduced its position in JFrog Ltd. by 35.5%, now owning approximately $3.1 million worth of shares after selling over 53,000 shares in the first quarter.
• Analysts have been bullish on JFrog, with several firms raising their price targets; for instance, Stifel Nicolaus increased its target from $45.00 to $53.00, signaling a buy rating.
• Insider transactions revealed that JFrog's CTO sold 30,000 shares at around $43.96, reducing his ownership by 0.48%, while insiders sold a total of 308,338 shares valued at approximately $13.15 million in the last quarter.

Roubaix Capital LLC trimmed its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 35.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,928 shares of the company's stock after selling 53,433 shares during the quarter. Roubaix Capital LLC owned approximately 0.08% of JFrog worth $3,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC raised its position in shares of JFrog by 90.9% during the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after acquiring an additional 597 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company's stock worth $43,000 after acquiring an additional 329 shares during the last quarter. Bayforest Capital Ltd bought a new stake in JFrog in the first quarter worth approximately $104,000. Tower Research Capital LLC TRC increased its holdings in JFrog by 33,106.3% in the fourth 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. Finally, IFP Advisors Inc increased its holdings in JFrog by 10.2% in the first quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock worth $190,000 after purchasing an additional 548 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Performance

JFrog stock traded down $0.09 during mid-day trading on Wednesday, reaching $44.65. The stock had a trading volume of 1,218,499 shares, compared to its average volume of 1,100,782. The firm has a market capitalization of $5.21 billion, a PE ratio of -57.99 and a beta of 1.06. JFrog Ltd. has a fifty-two week low of $25.93 and a fifty-two week high of $46.64. The stock's 50-day simple moving average is $42.15 and its 200-day simple moving average is $38.29.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The company 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%.JFrog's quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm 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. On average, research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $41.71, for a total value of $1,459,850.00. Following the sale, the director directly owned 4,239,903 shares in the company, valued at $176,846,354.13. The trade was a 0.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CRO Tali Notman sold 23,157 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $43.16, for a total value of $999,456.12. Following the completion of the sale, the executive owned 686,360 shares in the company, valued at approximately $29,623,297.60. The trade was a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 308,338 shares of company stock valued at $13,154,150. 14.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FROG. Cowen reiterated a "buy" rating on shares of JFrog in a report on Friday, August 8th. KeyCorp lifted 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. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. DA Davidson lifted their target price on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, Cantor Fitzgerald lifted 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $46.87.

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.