Vident Advisory LLC Acquires 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 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 7,554 shares of the company's stock, valued at approximately $242,000.

Several other hedge funds have also added to or reduced their stakes in FROG. Northern Trust Corp boosted its holdings in JFrog by 79.0% in the fourth quarter. Northern Trust Corp now owns 155,121 shares of the company's stock valued at $4,562,000 after acquiring an additional 68,463 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in JFrog by 29.8% in the fourth quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company's stock valued at $3,766,000 after acquiring an additional 29,372 shares during the last quarter. BNP Paribas Financial Markets bought a new position in JFrog during the fourth quarter worth about $212,000. Cetera Investment Advisers bought a new position in JFrog during the fourth quarter worth about $452,000. Finally, Deutsche Bank AG boosted its holdings in JFrog by 10.6% during the fourth quarter. Deutsche Bank AG now owns 158,807 shares of the company's stock worth $4,671,000 after buying an additional 15,239 shares during the last quarter. Institutional investors own 85.02% of the company's stock.

Insiders Place Their Bets

In other news, Director Yvonne Wassenaar sold 1,368 shares of the company's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $49.00, for a total transaction of $67,032.00. Following the sale, the director owned 32,051 shares in the company, valued at $1,570,499. This represents a 4.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ben Haim Shlomi sold 38,159 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $50.32, for a total value of $1,920,160.88. Following the sale, the chief executive officer owned 4,899,512 shares in the company, valued at approximately $246,543,443.84. This represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 528,748 shares of company stock worth $24,783,511 in the last 90 days. Company insiders own 14.10% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Cantor Fitzgerald restated an "overweight" rating and set a $60.00 target price on shares of JFrog in a report on Monday. Raymond James Financial raised their target price on JFrog from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus raised their target price on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Needham & Company LLC restated a "buy" rating and set a $55.00 target price on shares of JFrog in a report on Wednesday, September 10th. Finally, Barclays raised their price target on JFrog from $45.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $49.93.

JFrog Stock Performance

JFrog stock traded down $0.58 during midday trading on Monday, reaching $49.36. The stock had a trading volume of 1,446,173 shares, compared to its average volume of 1,384,943. The firm's fifty day simple moving average is $44.60 and its 200-day simple moving average is $39.75. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $50.98. The stock has a market capitalization of $5.76 billion, a P/E ratio of -64.10 and a beta of 1.06.

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 analysts' consensus estimates of $0.16 by $0.02. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The business had revenue of $127.20 million for the quarter, compared to analyst estimates of $122.80 million. During the same quarter last year, the firm earned $0.15 EPS. JFrog's revenue for the quarter 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. On average, sell-side 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.