Congress Asset Management Co. Boosts Stake in JFrog Ltd. $FROG

Congress Asset Management Co. raised its position in JFrog Ltd. (NASDAQ:FROG) by 14.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,420,301 shares of the company’s stock after purchasing an additional 178,310 shares during the period. JFrog accounts for 0.9% of Congress Asset Management Co.’s investment portfolio, making the stock its 27th biggest position. Congress Asset Management Co. owned about 1.15% of JFrog worth $137,826,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Wasatch Advisors LP grew its stake in JFrog by 187.4% in the 1st quarter. Wasatch Advisors LP now owns 4,156,033 shares of the company’s stock worth $195,043,000 after buying an additional 2,710,167 shares in the last quarter. First Trust Advisors LP raised its position in shares of JFrog by 85,066.4% during the 1st quarter. First Trust Advisors LP now owns 3,362,370 shares of the company’s stock valued at $157,796,000 after buying an additional 3,358,422 shares in the last quarter. Fiera Capital Corp raised its position in shares of JFrog by 37.5% during the 4th quarter. Fiera Capital Corp now owns 2,253,450 shares of the company’s stock valued at $140,750,000 after buying an additional 614,383 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of JFrog by 48.2% during the 1st quarter. Bank of America Corp DE now owns 2,517,899 shares of the company’s stock worth $118,165,000 after acquiring an additional 819,326 shares during the last quarter. Finally, Summit Partners Public Asset Management LLC grew its position in JFrog by 77.8% in the fourth quarter. Summit Partners Public Asset Management LLC now owns 1,587,525 shares of the company’s stock worth $99,157,000 after acquiring an additional 694,700 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Stock Performance

Shares of NASDAQ FROG traded up $0.65 during midday trading on Tuesday, hitting $98.51. 1,094,996 shares of the company traded hands, compared to its average volume of 2,778,717. JFrog Ltd. has a 12-month low of $34.05 and a 12-month high of $105.76. The firm has a market cap of $12.15 billion, a P/E ratio of -266.24 and a beta of 1.24. The stock has a 50-day moving average price of $90.22 and a 200 day moving average price of $75.97.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The business had revenue of $163.77 million for the quarter, compared to analysts’ expectations of $155.63 million. JFrog had a negative return on equity of 2.71% and a negative net margin of 7.35%.The business’s revenue was up 28.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. As a group, equities analysts expect that JFrog Ltd. will post -0.11 earnings per share for the current year.

Insider Activity

In other news, CTO Yoav Landman sold 249,300 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $100.72, for a total value of $25,109,496.00. Following the completion of the transaction, the chief technology officer owned 5,199,038 shares in the company, valued at $523,647,107.36. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Shlomi Ben Haim sold 45,700 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $85.35, for a total value of $3,900,495.00. Following the transaction, the chief executive officer directly owned 4,449,305 shares in the company, valued at approximately $379,748,181.75. The trade was a 1.02% 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. In the last three months, insiders have sold 915,453 shares of company stock worth $86,152,716. Corporate insiders own 11.80% of the company’s stock.

Analyst Ratings Changes

FROG has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $115.00 price objective on shares of JFrog in a research note on Thursday, September 3rd. Barclays restated an “overweight” rating and set a $110.00 price target on shares of JFrog in a research report on Friday, August 7th. Piper Sandler lifted their price objective on JFrog from $65.00 to $90.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Truist Financial boosted their target price on JFrog from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, TD Cowen restated a “buy” rating and set a $120.00 price target on shares of JFrog in a research report on Thursday, September 3rd. Twenty-one investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $109.48.

About JFrog

JFrog Ltd. develops a software supply chain platform that helps organizations build, manage, secure and distribute software across cloud, on-premises and hybrid environments. Its platform is designed to support DevOps and DevSecOps workflows by connecting software development, security and operations teams throughout the application lifecycle.

The company’s product portfolio includes JFrog Artifactory, a repository for storing and managing software packages and artifacts; JFrog Xray, which provides security and compliance analysis; and tools for software release automation, distribution, artifact curation and runtime protection.