D.A. Davidson & CO. Has $1.71 Million Holdings in JFrog Ltd. $FROG

D.A. Davidson & CO. lifted its holdings in JFrog Ltd. (NASDAQ:FROG) by 180.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,962 shares of the company’s stock after purchasing an additional 25,057 shares during the period. D.A. Davidson & CO.’s holdings in JFrog were worth $1,710,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of FROG. Oppenheimer Asset Management Inc. lifted its stake in shares of JFrog by 9.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 16,443 shares of the company’s stock valued at $526,000 after purchasing an additional 1,355 shares during the last quarter. Lisanti Capital Growth LLC acquired a new stake in shares of JFrog in the 1st quarter valued at $3,199,000. Summit Trail Advisors LLC lifted its stake in shares of JFrog by 72.9% in the 1st quarter. Summit Trail Advisors LLC now owns 94,873 shares of the company’s stock valued at $3,036,000 after purchasing an additional 40,000 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of JFrog by 115.6% in the 1st quarter. Teacher Retirement System of Texas now owns 49,487 shares of the company’s stock valued at $1,584,000 after purchasing an additional 26,534 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of JFrog by 6.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 197,055 shares of the company’s stock valued at $6,306,000 after purchasing an additional 12,269 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Trading Up 3.2%

Shares of JFrog stock opened at $49.83 on Monday. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of -64.71 and a beta of 1.05. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $51.94. The firm’s 50-day moving average price is $48.28 and its two-hundred day moving average price is $42.87.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $122.80 million. During the same period in the prior year, the business earned $0.15 earnings per share. JFrog’s quarterly revenue 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. As a group, equities research analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 102,419 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $49.73, for a total value of $5,093,296.87. Following the transaction, the chief technology officer directly owned 6,081,087 shares in the company, valued at $302,412,456.51. This represents a 1.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ben Haim Shlomi sold 38,159 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $50.32, for a total transaction of $1,920,160.88. Following the completion of the sale, the chief executive officer owned 4,899,512 shares in the company, valued at approximately $246,543,443.84. This trade represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 481,492 shares of company stock worth $23,083,800. Corporate insiders own 14.10% of the company’s stock.

Analysts Set New Price Targets

FROG has been the subject of a number of research analyst reports. Stifel Nicolaus boosted their target price on shares of JFrog from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Piper Sandler reissued a “neutral” rating and set a $48.00 target price (up previously from $40.00) on shares of JFrog in a research report on Friday, August 8th. JPMorgan Chase & Co. boosted their target price on shares of JFrog from $48.00 to $55.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 24th. Robert W. Baird boosted their target price on shares of JFrog from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $55.00 target price on shares of JFrog in a research report on Wednesday, September 10th. 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.44.

JFrog Company Profile

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.