JPMorgan Chase & Co. Boosts Stock Holdings in JFrog Ltd. $FROG

JPMorgan Chase & Co. boosted its stake in JFrog Ltd. (NASDAQ:FROG) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,903,396 shares of the company’s stock after purchasing an additional 56,213 shares during the quarter. JPMorgan Chase & Co. owned about 1.66% of JFrog worth $83,521,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after buying an additional 329 shares during the last quarter. Bayforest Capital Ltd bought a new position in shares of JFrog during the 1st quarter valued at approximately $104,000. Smartleaf Asset Management LLC grew its holdings in shares of JFrog by 26.3% in the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company’s stock valued at $123,000 after purchasing an additional 800 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in JFrog in the first quarter worth $128,000. Finally, Acadian Asset Management LLC purchased a new stake in JFrog during the first quarter valued at $162,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on FROG shares. TD Cowen lifted their price objective on shares of JFrog from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. Stifel Nicolaus upped their target price 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. Needham & Company LLC lifted their price target on JFrog from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a research note on Wednesday, October 8th. Finally, DA Davidson upgraded JFrog to a “strong-buy” rating in a research report on Friday, November 7th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.69.

Insiders Place Their Bets

In other news, CEO Ben Haim Shlomi sold 15,000 shares of JFrog stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $46.01, for a total transaction of $690,150.00. Following the completion of the sale, the chief executive officer directly owned 4,869,152 shares in the company, valued at approximately $224,029,683.52. This trade represents a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Yvonne Wassenaar sold 1,372 shares of the company’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $47.94, for a total transaction of $65,773.68. Following the completion of the transaction, the director owned 29,307 shares in the company, valued at approximately $1,404,977.58. The trade was a 4.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 385,125 shares of company stock worth $20,781,626. 14.10% of the stock is currently owned by company insiders.

JFrog Trading Up 1.0%

Shares of NASDAQ:FROG opened at $61.58 on Friday. JFrog Ltd. has a 12 month low of $27.00 and a 12 month high of $65.50. The company has a market capitalization of $7.28 billion, a price-to-earnings ratio of -87.96 and a beta of 1.02. The firm’s 50-day moving average is $52.14 and its 200 day moving average is $46.77.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.06. The business had revenue of $136.91 million during the quarter, compared to analyst estimates of $128.28 million. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The company’s revenue for the quarter was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 earnings per share. 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, equities analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

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.