TimesSquare Capital Management LLC Has $149.25 Million Holdings in JFrog Ltd. $FROG

TimesSquare Capital Management LLC cut its holdings in JFrog Ltd. (NASDAQ:FROG) by 6.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,401,292 shares of the company’s stock after selling 221,619 shares during the quarter. JFrog accounts for approximately 2.2% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. TimesSquare Capital Management LLC owned 2.97% of JFrog worth $149,249,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position 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 purchasing an additional 329 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of JFrog by 4.6% in the 2nd quarter. Park Avenue Securities LLC now owns 9,155 shares of the company’s stock worth $402,000 after buying an additional 405 shares during the last quarter. Verdence Capital Advisors LLC raised its position in shares of JFrog by 5.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 9,386 shares of the company’s stock valued at $412,000 after buying an additional 517 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of JFrog by 10.2% in the 1st quarter. IFP Advisors Inc now owns 5,923 shares of the company’s stock valued at $190,000 after acquiring an additional 548 shares during the last quarter. Finally, Signaturefd LLC grew its position in JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock worth $40,000 after acquiring an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FROG. Stifel Nicolaus raised their price target on JFrog from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Cantor Fitzgerald increased their price objective on JFrog from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday. Oppenheimer raised shares of JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research note on Friday, November 7th. Canaccord Genuity Group increased their price target on shares of JFrog from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, November 7th. Finally, TD Cowen boosted their target price on JFrog from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.69.

JFrog Stock Performance

Shares of FROG opened at $64.01 on Wednesday. JFrog Ltd. has a one year low of $27.00 and a one year high of $65.50. The stock has a 50-day moving average price of $49.32 and a 200 day moving average price of $44.64. The company has a market capitalization of $7.57 billion, a P/E ratio of -91.44 and a beta of 1.02.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $136.91 million during the quarter, compared to analysts’ expectations of $128.28 million. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The business’s revenue was up 25.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS. Q4 2025 guidance at 0.180-0.200 EPS. As a group, equities research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CRO Tali Notman sold 13,067 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $50.26, for a total value of $656,747.42. Following the completion of the sale, the executive directly owned 658,842 shares of the company’s stock, valued at $33,113,398.92. The trade was a 1.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $46.92, for a total value of $1,642,200.00. Following the sale, the director owned 4,084,903 shares in the company, valued at $191,663,648.76. The trade was a 0.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 446,492 shares of company stock worth $21,669,950. 14.10% of the stock is currently owned by insiders.

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.