Thornburg Investment Management Inc. Lowers Stake in JFrog Ltd. $FROG

Thornburg Investment Management Inc. lowered its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 11.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 106,399 shares of the company’s stock after selling 13,774 shares during the period. Thornburg Investment Management Inc.’s holdings in JFrog were worth $6,646,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in FROG. Royal Bank of Canada boosted its position in shares of JFrog by 48.4% during the 1st quarter. Royal Bank of Canada now owns 189,148 shares of the company’s stock worth $6,053,000 after purchasing an additional 61,685 shares during the period. Cubist Systematic Strategies LLC purchased a new position in JFrog in the 1st quarter valued at approximately $205,000. AQR Capital Management LLC purchased a new position in JFrog in the 1st quarter valued at approximately $368,000. Integrated Wealth Concepts LLC purchased a new position in JFrog in the 1st quarter valued at approximately $203,000. Finally, Goldman Sachs Group Inc. boosted its position in JFrog by 14.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock valued at $22,173,000 after buying an additional 88,784 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Insider Transactions at JFrog

In other news, CEO Ben Haim Shlomi sold 93,072 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $84.60, for a total value of $7,873,891.20. Following the completion of the sale, the chief executive officer directly owned 4,658,236 shares of the company’s stock, valued at approximately $394,086,765.60. This represents a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederic Simon sold 120,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $85.84, for a total transaction of $10,300,800.00. Following the completion of the sale, the director directly owned 3,224,328 shares of the company’s stock, valued at $276,776,315.52. The trade was a 3.59% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 805,700 shares of company stock valued at $58,486,362 over the last quarter. 11.80% of the stock is owned by corporate insiders.

JFrog Stock Performance

JFrog stock opened at $77.74 on Monday. The stock has a market cap of $9.42 billion, a P/E ratio of -146.68 and a beta of 1.23. The company has a fifty day simple moving average of $61.92 and a 200-day simple moving average of $56.79. JFrog Ltd. has a 12-month low of $34.05 and a 12-month high of $89.16.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. The business had revenue of $153.98 million during the quarter, compared to analysts’ expectations of $147.45 million. During the same period in the previous year, the company earned $0.20 EPS. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. As a group, sell-side analysts forecast that JFrog Ltd. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on FROG. Evercore set a $80.00 price target on shares of JFrog in a research report on Thursday, February 26th. Morgan Stanley reissued an “overweight” rating and issued a $80.00 price target on shares of JFrog in a research report on Friday, May 8th. Stifel Nicolaus raised their price target on shares of JFrog from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. TD Cowen decreased their price target on shares of JFrog from $80.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Finally, Guggenheim raised their price target on shares of JFrog from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Twenty analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.45.

JFrog Company Profile

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.