T. Rowe Price Investment Management Inc. Grows Position in JFrog Ltd. $FROG

Key Points

• T. Rowe Price Investment Management Inc. increased its holdings in JFrog Ltd. by 65.1% in Q1, owning approximately 2.30% of the company, worth about $84.17 million at the end of the quarter.
• Recent changes by institutional investors include Vanguard Group's 0.4% increase and TimesSquare Capital Management's 6.5% increase in their JFrog holdings, leading to 85.02% of the company's shares being owned by such entities.
• JFrog reported earnings of $0.18 per share for the recent quarter, beating estimates, with revenue rising 23.5% year-over-year, and has provided EPS guidance for FY 2025 between 0.680 to 0.70.

T. Rowe Price Investment Management Inc. boosted its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 65.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,630,179 shares of the company's stock after buying an additional 1,037,482 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 2.30% of JFrog worth $84,166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in JFrog by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock valued at $283,903,000 after buying an additional 35,458 shares during the period. TimesSquare Capital Management LLC increased its stake in JFrog by 6.5% during the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock worth $115,933,000 after purchasing an additional 222,635 shares during the period. Mackenzie Financial Corp increased its stake in JFrog by 93.8% during the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock worth $58,703,000 after purchasing an additional 965,912 shares during the period. Dimensional Fund Advisors LP increased its stake in JFrog by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock worth $52,509,000 after purchasing an additional 53,622 shares during the period. Finally, Fiera Capital Corp increased its stake in JFrog by 12.2% during the first quarter. Fiera Capital Corp now owns 1,694,635 shares of the company's stock worth $54,228,000 after purchasing an additional 184,448 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Barclays boosted their price target on shares of JFrog from $45.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Piper Sandler restated a "neutral" rating and set a $48.00 target price (up from $40.00) on shares of JFrog in a research note on Friday, August 8th. Needham & Company LLC restated 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. Cantor Fitzgerald upped their target price on shares of JFrog from $46.00 to $55.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Finally, Cowen restated a "buy" rating on shares of JFrog in a research note on Friday, August 8th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $46.87.

JFrog Price Performance

Shares of FROG stock traded up $2.80 during trading hours on Wednesday, hitting $48.99. The stock had a trading volume of 1,212,268 shares, compared to its average volume of 1,120,503. The firm has a market capitalization of $5.72 billion, a PE ratio of -63.65 and a beta of 1.06. JFrog Ltd. has a twelve month low of $26.10 and a twelve month high of $48.96. The stock's 50 day moving average is $42.64 and its 200 day moving average is $38.65.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $127.20 million during 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 company's revenue was up 23.5% compared to the same quarter last year. During the same period in the prior 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, equities analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Transactions at JFrog

In other news, CRO Tali Notman sold 23,157 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the sale, the executive owned 686,360 shares in the company, valued at $29,623,297.60. This represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Yoav Landman sold 50,000 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $47.11, for a total value of $2,355,500.00. Following the sale, the chief technology officer owned 6,221,086 shares of the company's stock, valued at $293,075,361.46. This trade represents a 0.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 408,338 shares of company stock valued at $17,865,150 over the last ninety days. 14.10% of the stock is owned by insiders.

JFrog Company 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.