JFrog Ltd. $FROG Stake Increased by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 5.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 443,223 shares of the company’s stock after buying an additional 23,466 shares during the quarter. New York State Common Retirement Fund owned 0.38% of JFrog worth $20,978,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new position in JFrog during the 2nd quarter valued at about $50,968,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in JFrog during the third quarter valued at approximately $51,443,000. Marshall Wace LLP increased its stake in JFrog by 4,233.4% in the 2nd quarter. Marshall Wace LLP now owns 980,179 shares of the company’s stock valued at $43,010,000 after buying an additional 957,560 shares during the period. Artisan Partners Limited Partnership purchased a new stake in JFrog in the 2nd quarter worth approximately $26,890,000. Finally, Voya Investment Management LLC boosted its stake in shares of JFrog by 89.7% during the 3rd quarter. Voya Investment Management LLC now owns 1,057,257 shares of the company’s stock valued at $50,040,000 after buying an additional 500,059 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at JFrog

In other JFrog news, Director Yvonne Wassenaar sold 1,957 shares of the business’s stock in a transaction on Tuesday, January 6th. The shares were sold at an average price of $58.70, for a total transaction of $114,875.90. Following the completion of the transaction, the director owned 20,495 shares of the company’s stock, valued at $1,203,056.50. The trade was a 8.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frederic Simon sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $58.84, for a total value of $5,884,000.00. Following the completion of the sale, the director directly owned 3,984,903 shares in the company, valued at approximately $234,471,692.52. This represents a 2.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 497,814 shares of company stock worth $30,245,410. Corporate insiders own 14.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FROG. Morgan Stanley upped their price target on shares of JFrog from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. JPMorgan Chase & Co. upped their target price on JFrog from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Oppenheimer raised JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price target for the company in a research note on Friday, November 7th. Wall Street Zen raised JFrog from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Needham & Company LLC raised their price objective on shares of JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.71.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $54.80 on Friday. The business’s 50-day simple moving average is $61.92 and its 200-day simple moving average is $52.99. JFrog Ltd. has a 52 week low of $27.00 and a 52 week high of $70.43. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of -78.29 and a beta of 1.13.

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

About JFrog

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.