JFrog Ltd. $FROG Position Lessened by ARK Investment Management LLC

ARK Investment Management LLC trimmed its position in shares of JFrog Ltd. (NASDAQ:FROG) by 9.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,997 shares of the company’s stock after selling 5,398 shares during the period. ARK Investment Management LLC’s holdings in JFrog were worth $2,326,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Signaturefd LLC raised its holdings in JFrog by 90.9% during the first quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock valued at $40,000 after buying an additional 597 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings 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 in the last quarter. Bayforest Capital Ltd bought a new position in JFrog during the first quarter valued at about $104,000. Smartleaf Asset Management LLC raised its holdings in JFrog by 26.3% during the first quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company’s stock valued at $123,000 after buying an additional 800 shares in the last quarter. Finally, Gordian Capital Singapore Pte Ltd bought a new position in JFrog during the first quarter valued at about $128,000. 85.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

FROG has been the subject of several research analyst reports. KeyCorp boosted their price objective on JFrog from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. JPMorgan Chase & Co. boosted their price objective on JFrog from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a research report on Wednesday, October 8th. Cowen reissued a “buy” rating on shares of JFrog in a research report on Friday, October 17th. Finally, Raymond James Financial boosted their price objective on JFrog from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Fifteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $53.44.

JFrog Stock Down 2.3%

JFrog stock opened at $47.70 on Thursday. The business has a 50 day moving average price of $48.08 and a two-hundred day moving average price of $42.40. The stock has a market cap of $5.57 billion, a price-to-earnings ratio of -61.95 and a beta of 1.05. JFrog Ltd. has a 12 month low of $27.00 and a 12 month high of $51.94.

JFrog (NASDAQ:FROG) last posted 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 return on equity of 7.54% and a negative net margin of 18.18%.The firm had revenue of $127.20 million during the quarter, compared to analysts’ expectations of $122.80 million. During the same quarter in the prior year, the firm posted $0.15 EPS. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling at JFrog

In related news, CRO Tali Notman sold 13,067 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $50.26, for a total transaction of $656,747.42. Following the sale, the executive directly owned 658,842 shares in the company, valued at $33,113,398.92. This represents a 1.94% 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 Yvonne Wassenaar sold 1,372 shares of the stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $47.94, for a total value of $65,773.68. Following the sale, the director owned 29,307 shares in the company, valued at approximately $1,404,977.58. This trade represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 481,492 shares of company stock worth $23,083,800 over the last 90 days. Company insiders own 14.10% of the company’s stock.

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.