Trexquant Investment LP Invests $10.10 Million in JFrog Ltd. $FROG

Key Points

• Trexquant Investment LP has acquired approximately $10.10 million worth of shares in JFrog Ltd., amounting to 315,458 shares, representing 0.28% ownership as of their latest SEC filing.
• JFrog reported a quarterly earnings per share (EPS) of $0.18, surpassing estimates, with a revenue of $127.20 million, reflecting a year-over-year increase of 23.5%.
• Analysts have set a consensus rating of "Moderate Buy" for JFrog, with an average price target of $46.87, as multiple firms have raised their price targets following recent performance.

Trexquant Investment LP bought a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 315,458 shares of the company's stock, valued at approximately $10,095,000. Trexquant Investment LP owned 0.28% of JFrog as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of JFrog by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company's stock worth $283,903,000 after buying an additional 35,458 shares during the period. TimesSquare Capital Management LLC boosted its holdings in shares of JFrog by 6.5% during the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock worth $115,933,000 after buying an additional 222,635 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock valued at $84,166,000 after purchasing an additional 1,037,482 shares during the period. Mackenzie Financial Corp boosted its holdings in JFrog by 93.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock valued at $58,703,000 after purchasing an additional 965,912 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in JFrog by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock valued at $52,509,000 after purchasing an additional 53,622 shares during the period. Institutional investors own 85.02% of the company's stock.

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 54,279 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.07, for a total value of $2,337,796.53. Following the completion of the transaction, the chief executive officer directly owned 4,996,412 shares in the company, valued at approximately $215,195,464.84. This represents a 1.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Yoav Landman sold 102,419 shares of the company's stock in a transaction that occurred on 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 536,662 shares of company stock valued at $24,280,339. Insiders own 14.10% of the company's stock.

JFrog Price Performance

FROG stock traded up $0.02 during trading on Wednesday, reaching $47.90. 835,053 shares of the company were exchanged, compared to its average volume of 1,131,577. The company has a 50-day moving average of $43.39 and a two-hundred day moving average of $39.06. The company has a market capitalization of $5.59 billion, a price-to-earnings ratio of -62.21 and a beta of 1.07. JFrog Ltd. has a twelve month low of $26.11 and a twelve month high of $50.57.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million during 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 firm's quarterly 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 EPS. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Piper Sandler reissued a "neutral" rating and issued a $48.00 price objective (up previously from $40.00) on shares of JFrog in a report on Friday, August 8th. KeyCorp boosted their price objective on shares of JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Morgan Stanley boosted their price objective on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Stifel Nicolaus boosted their price objective on shares of JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Robert W. Baird set a $47.00 price target on shares of JFrog and gave the stock an "outperform" rating in a report on Monday, August 4th. Fourteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, JFrog 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.