Ingalls & Snyder LLC Has $1.69 Million Holdings in JFrog Ltd. $FROG

Ingalls & Snyder LLC lessened its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 25.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,533 shares of the company’s stock after selling 12,940 shares during the period. Ingalls & Snyder LLC’s holdings in JFrog were worth $1,691,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in shares of JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock worth $40,000 after acquiring an additional 597 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of JFrog by 32.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock worth $43,000 after acquiring an additional 329 shares during the period. Bayforest Capital Ltd bought a new stake in shares of JFrog during the 1st quarter worth approximately $104,000. Smartleaf Asset Management LLC lifted its holdings in shares of JFrog by 26.3% during the 1st quarter. Smartleaf Asset Management LLC now owns 3,838 shares of the company’s stock worth $123,000 after acquiring an additional 800 shares during the period. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in shares of JFrog during the 1st quarter worth approximately $128,000. Institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group upped their price target on shares of JFrog from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, September 11th. Barclays upped their price target on shares of JFrog from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. JPMorgan Chase & Co. increased their price objective 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. TD Cowen increased their price objective on shares of JFrog from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Wall Street Zen downgraded shares of JFrog from a “buy” rating to a “hold” rating in a research note on Friday, September 26th. Fifteen 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.com, JFrog has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

Insider Activity

In other news, CTO Yoav Landman sold 102,419 shares of the firm’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $49.73, for a total transaction of $5,093,296.87. Following the completion of the transaction, the chief technology officer owned 6,081,087 shares of the company’s stock, valued at approximately $302,412,456.51. This trade represents a 1.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ben Haim Shlomi sold 38,159 shares of the firm’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $50.32, for a total transaction of $1,920,160.88. Following the transaction, the chief executive officer directly owned 4,899,512 shares of the company’s stock, valued at $246,543,443.84. The trade was a 0.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 481,492 shares of company stock valued at $23,083,800. Insiders own 14.10% of the company’s stock.

JFrog Price Performance

Shares of NASDAQ:FROG opened at $49.83 on Monday. The firm has a 50 day simple moving average of $48.28 and a 200 day simple moving average of $42.87. The company has a market cap of $5.82 billion, a price-to-earnings ratio of -64.71 and a beta of 1.05. JFrog Ltd. has a one year low of $27.00 and a one year high of $51.94.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. 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, analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

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.