JFrog Ltd. $FROG Shares Sold by Aberdeen Group plc

Aberdeen Group plc decreased its holdings in JFrog Ltd. (NASDAQ:FROG) by 11.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 759,308 shares of the company’s stock after selling 98,419 shares during the period. Aberdeen Group plc’s holdings in JFrog were worth $33,299,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in JFrog by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company’s stock valued at $283,903,000 after acquiring an additional 35,458 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in shares of JFrog by 6.5% during the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company’s stock valued at $115,933,000 after acquiring an additional 222,635 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of JFrog by 65.1% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock valued at $84,166,000 after acquiring an additional 1,037,482 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of JFrog by 1,974.0% during the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock valued at $68,832,000 after acquiring an additional 2,047,294 shares during the last quarter. Finally, Fiera Capital Corp boosted its position in shares of JFrog by 12.2% during the 1st quarter. Fiera Capital Corp now owns 1,694,635 shares of the company’s stock valued at $54,228,000 after acquiring an additional 184,448 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insiders Place Their Bets

In other news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $50.01, for a total value of $1,750,350.00. Following the sale, the director directly owned 4,119,903 shares in the company, valued at approximately $206,036,349.03. This trade represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 15,000 shares of JFrog stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $48.08, for a total transaction of $721,200.00. Following the sale, the chief executive officer owned 4,884,152 shares in the company, valued at $234,830,028.16. This represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 445,120 shares of company stock worth $21,375,827. 14.10% of the stock is currently owned by insiders.

JFrog Stock Performance

NASDAQ:FROG opened at $46.01 on Monday. JFrog Ltd. has a fifty-two week low of $27.00 and a fifty-two week high of $51.94. The stock has a market capitalization of $5.37 billion, a P/E ratio of -59.75 and a beta of 1.05. The company has a 50 day moving average price of $47.20 and a 200 day moving average price of $41.66.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The company had revenue of $127.20 million during the quarter, compared to analysts’ expectations of $122.80 million. During the same quarter last year, the company posted $0.15 EPS. The firm’s revenue was up 23.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Barclays increased their price target on shares of JFrog from $45.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. Robert W. Baird increased their price target on shares of JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Morgan Stanley increased their price target on shares of JFrog from $50.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Raymond James Financial increased their price target on shares of JFrog from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of JFrog from $48.00 to $55.00 and gave the company an “overweight” rating in a research note on Wednesday, September 24th. Fifteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $51.69.

About JFrog

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.