Washington Capital Management Inc. Reduces Stake in JFrog Ltd. $FROG

Key Points

• Washington Capital Management Inc. has decreased its stake in JFrog Ltd. by 30.9%, selling 5,400 shares and now owning 12,100 shares valued at approximately $531,000.
• Multiple institutional investors have recently adjusted their positions in JFrog, with T. Rowe Price increasing its stake by 65.1% during the first quarter.
• JFrog's stock has experienced a recent price increase of 1.1%, and it reported a 23.5% increase in quarterly revenue year-over-year, with an earnings beat of $0.18 per share against expectations of $0.16.

Washington Capital Management Inc. reduced its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 30.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,100 shares of the company's stock after selling 5,400 shares during the period. Washington Capital Management Inc.'s holdings in JFrog were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. boosted its stake in shares of JFrog by 3.2% in the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company's stock worth $34,308,000 after buying an additional 33,236 shares during the last quarter. Nishkama Capital LLC purchased a new position in shares of JFrog in the 1st quarter worth $6,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of JFrog by 19.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock worth $5,457,000 after buying an additional 30,035 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 worth $84,166,000 after buying an additional 1,037,482 shares during the last quarter. Finally, Malaga Cove Capital LLC purchased a new position in shares of JFrog in the 1st quarter worth $413,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JFrog

In other JFrog news, CRO Tali Notman sold 13,067 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $50.26, for a total transaction of $656,747.42. Following the sale, the executive directly owned 658,842 shares of the company's stock, valued at $33,113,398.92. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 38,159 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $50.32, for a total value of $1,920,160.88. Following the sale, the chief executive officer directly owned 4,899,512 shares in the company, valued at approximately $246,543,443.84. This represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 528,748 shares of company stock valued at $24,783,511. 14.10% of the stock is currently owned by corporate insiders.

JFrog Stock Up 1.1%

NASDAQ:FROG opened at $50.09 on Monday. The business's 50-day simple moving average is $46.16 and its two-hundred day simple moving average is $40.70. The stock has a market cap of $5.85 billion, a PE ratio of -65.05 and a beta of 1.06. JFrog Ltd. has a 52 week low of $27.00 and a 52 week high of $51.94.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million for the quarter, compared to analysts' expectations of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The business's quarterly revenue was up 23.5% on a year-over-year basis. During the same period last year, the firm 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. Sell-side analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently issued reports on FROG. JPMorgan Chase & Co. raised their price target on JFrog from $48.00 to $55.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 24th. Canaccord Genuity Group lifted their target price on JFrog from $52.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, September 11th. Needham & Company LLC reiterated a "buy" rating and set a $55.00 target price on shares of JFrog in a research report on Wednesday, September 10th. Barclays lifted their target price on JFrog from $45.00 to $52.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, DA Davidson lifted their target price on JFrog from $55.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Fifteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $50.25.

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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