Vident Advisory LLC Buys Shares of 7,554 JFrog Ltd. $FROG

Key Points

• Vident Advisory LLC has acquired 7,554 shares of JFrog Ltd., valued at approximately $242,000, as part of their first-quarter investments.
• Institutional investors own 85.02% of JFrog's stock, indicating strong institutional confidence in the company.
• JFrog reported a quarterly earnings beat with $0.18 EPS, exceeding analysts' expectations and reflecting a year-over-year revenue increase of 23.5%.

Vident Advisory LLC purchased a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 7,554 shares of the company's stock, valued at approximately $242,000.

A number of other hedge funds also recently made changes to their positions in the stock. Magnetar Financial LLC acquired a new stake in shares of JFrog in the 1st quarter valued at approximately $628,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of JFrog in the 1st quarter valued at approximately $128,000. Canada Pension Plan Investment Board boosted its stake in shares of JFrog by 95.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 196,954 shares of the company's stock valued at $6,303,000 after purchasing an additional 96,241 shares in the last quarter. Siren L.L.C. boosted its stake in shares of JFrog by 9.6% in the 1st quarter. Siren L.L.C. now owns 131,616 shares of the company's stock valued at $4,212,000 after purchasing an additional 11,500 shares in the last quarter. Finally, State of Wyoming boosted its stake in shares of JFrog by 46.3% in the 1st quarter. State of Wyoming now owns 11,961 shares of the company's stock valued at $383,000 after purchasing an additional 3,785 shares in the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CRO Tali Notman sold 14,451 shares of JFrog stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $47.78, for a total value of $690,468.78. Following the completion of the sale, the executive owned 671,909 shares of the company's stock, valued at approximately $32,103,812.02. This trade represents a 2.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 29,101 shares of JFrog stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $47.78, for a total transaction of $1,390,445.78. Following the completion of the sale, the chief executive officer directly owned 4,937,311 shares of the company's stock, valued at approximately $235,904,719.58. The trade was a 0.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 442,522 shares of company stock worth $20,456,252 over the last ninety days. 14.10% of the stock is owned by company insiders.

JFrog Stock Performance

JFrog stock opened at $49.95 on Wednesday. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $50.98. The firm has a 50 day moving average price of $43.98 and a two-hundred day moving average price of $39.39. The firm has a market cap of $5.83 billion, a price-to-earnings ratio of -64.87 and a beta of 1.07.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $127.20 million during the quarter, compared to analyst estimates of $122.80 million. During the same quarter last year, the business earned $0.15 EPS. The company's revenue 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, equities research analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FROG shares. Robert W. Baird set a $47.00 price target on shares of JFrog and gave the company an "outperform" rating in a research note on Monday, August 4th. KeyCorp lifted their target price on shares of JFrog from $46.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Wall Street Zen downgraded shares of JFrog from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Barclays lifted their target price on shares of JFrog from $45.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Cowen reiterated a "buy" rating on shares of JFrog in a research report on Friday, August 8th. Fourteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $46.87.

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.

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