Voya Investment Management LLC Has $17.96 Million Stake in JFrog Ltd. $FROG

Key Points

• Voya Investment Management LLC has decreased its stake in JFrog Ltd. by 50.1%, owning approximately 0.49% of the company, valued at nearly $18 million.
• Several brokerages have recently increased their price targets for JFrog's stock, with Canaccord Genuity Group raising its target from $52 to $55 and Barclays from $45 to $52, indicating strong Buy ratings.
• JFrog reported a 23.5% year-over-year revenue increase, totaling $127.2 million, and earnings per share of $0.18, exceeding analyst expectations.

Voya Investment Management LLC trimmed its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 50.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 561,216 shares of the company's stock after selling 563,569 shares during the period. Voya Investment Management LLC owned approximately 0.49% of JFrog worth $17,959,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of FROG. Siren L.L.C. increased its position in JFrog by 9.6% in the 1st quarter. Siren L.L.C. now owns 131,616 shares of the company's stock worth $4,212,000 after purchasing an additional 11,500 shares during the last quarter. Diker Management LLC acquired a new position in JFrog in the 1st quarter worth about $480,000. Acadian Asset Management LLC acquired a new position in JFrog in the 1st quarter worth about $162,000. Bayforest Capital Ltd acquired a new position in JFrog in the 1st quarter worth about $104,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in JFrog by 10.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 205,745 shares of the company's stock worth $6,584,000 after purchasing an additional 20,193 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JFrog

In other news, CTO Yoav Landman sold 102,419 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $49.73, for a total value of $5,093,296.87. Following the completion of the transaction, the chief technology officer directly owned 6,081,087 shares of the company's stock, valued at approximately $302,412,456.51. This represents a 1.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frederic Simon sold 50,000 shares of the 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 completion of the transaction, the director directly owned 4,154,903 shares of the company's stock, valued at approximately $195,737,480.33. The trade was a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 528,748 shares of company stock valued at $24,783,511. Corporate insiders own 14.10% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $60.00 target price on shares of JFrog in a research report on Monday. Cowen reiterated a "buy" rating on shares of JFrog in a research note on Friday, August 8th. Stifel Nicolaus upped their price target on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Needham & Company LLC reiterated a "buy" rating and set a $55.00 price target on shares of JFrog in a research note on Wednesday, September 10th. Finally, KeyCorp upped their price target on JFrog from $52.00 to $57.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Fourteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, JFrog has a consensus rating of "Moderate Buy" and an average target price of $49.93.

JFrog Stock Down 0.4%

Shares of FROG stock traded down $0.21 during mid-day trading on Friday, reaching $49.80. The stock had a trading volume of 1,097,986 shares, compared to its average volume of 1,355,667. The firm's 50 day simple moving average is $45.23 and its 200 day simple moving average is $40.06. JFrog Ltd. has a one year low of $27.00 and a one year high of $50.98. The firm has a market cap of $5.81 billion, a PE ratio of -64.68 and a beta of 1.07.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping 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 company had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. During the same quarter last year, the company earned $0.15 EPS. The company's quarterly revenue was up 23.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts forecast 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.