Thornburg Investment Management Inc. Has $5.60 Million Stock Position in JFrog Ltd. $FROG

Thornburg Investment Management Inc. decreased its holdings in JFrog Ltd. (NASDAQ:FROG) by 8.6% during the second quarter, Holdings Channel.com reports. The firm owned 127,619 shares of the company’s stock after selling 12,061 shares during the period. Thornburg Investment Management Inc.’s holdings in JFrog were worth $5,600,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FROG. Northwest & Ethical Investments L.P. acquired a new stake in shares of JFrog during the second quarter worth approximately $171,000. Russell Investments Group Ltd. increased its stake in JFrog by 9,664.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 12,889 shares of the company’s stock valued at $566,000 after buying an additional 12,757 shares during the period. Segall Bryant & Hamill LLC lifted its position in JFrog by 20.6% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 347,326 shares of the company’s stock worth $15,241,000 after buying an additional 59,261 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of JFrog by 0.8% during the 2nd quarter. Franklin Resources Inc. now owns 398,403 shares of the company’s stock valued at $17,482,000 after buying an additional 3,301 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of JFrog during the 2nd quarter valued at $2,102,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Frederic Simon sold 80,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $61.76, for a total transaction of $4,940,800.00. Following the completion of the transaction, the director owned 3,867,786 shares of the company’s stock, valued at approximately $238,874,463.36. The trade was a 2.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $46.01, for a total value of $690,150.00. Following the sale, the chief executive officer owned 4,869,152 shares of the company’s stock, valued at approximately $224,029,683.52. The trade was a 0.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 385,125 shares of company stock valued at $20,781,626 over the last three months. 14.10% of the stock is currently owned by insiders.

JFrog Stock Performance

FROG opened at $60.97 on Thursday. The firm has a market cap of $7.21 billion, a P/E ratio of -87.10 and a beta of 1.02. The business has a 50 day moving average price of $51.69 and a 200 day moving average price of $46.52. JFrog Ltd. has a twelve month low of $27.00 and a twelve month high of $65.50.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. The company had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. During the same quarter last year, the firm posted $0.15 earnings per share. The company’s quarterly revenue was up 25.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. As a group, analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Morgan Stanley lifted their price objective on JFrog from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. Cowen reaffirmed a “buy” rating on shares of JFrog in a research note on Friday, October 17th. Cantor Fitzgerald lifted their price target on JFrog from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, November 7th. Robert W. Baird increased their price objective on JFrog from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Finally, Stifel Nicolaus raised their price objective on shares of JFrog from $45.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $62.69.

JFrog Company 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.