Praesidium Investment Management Company LLC Has $50.89 Million Stock Position in JFrog Ltd. $FROG

Praesidium Investment Management Company LLC lifted its holdings in JFrog Ltd. (NASDAQ:FROG) by 8.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,590,388 shares of the company’s stock after acquiring an additional 123,160 shares during the period. JFrog accounts for approximately 9.5% of Praesidium Investment Management Company LLC’s holdings, making the stock its 3rd biggest holding. Praesidium Investment Management Company LLC owned 1.39% of JFrog worth $50,892,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of brokerages recently commented on FROG. Wall Street Zen raised shares of JFrog from a “hold” rating to a “buy” rating in a report on Sunday, June 29th. KeyCorp increased their price target on shares of JFrog from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Cowen reaffirmed a “buy” rating on shares of JFrog in a report on Friday, August 8th. Piper Sandler reissued a “neutral” rating and issued a $48.00 price objective (up previously from $40.00) on shares of JFrog in a research note on Friday, August 8th. Finally, Stifel Nicolaus raised their price objective on shares of JFrog from $45.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $46.87.

Insider Activity at JFrog

In other news, Director Frederic Simon sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the transaction, the director directly owned 4,154,903 shares of the company’s stock, valued at approximately $195,737,480.33. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CRO Tali Notman sold 23,157 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.16, for a total transaction of $999,456.12. Following the transaction, the executive directly owned 686,360 shares in the company, valued at approximately $29,623,297.60. This trade represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 549,705 shares of company stock valued at $24,867,274. 14.10% of the stock is owned by insiders.

JFrog Price Performance

Shares of NASDAQ FROG opened at $49.37 on Monday. The company has a market cap of $5.76 billion, a P/E ratio of -64.12 and a beta of 1.06. JFrog Ltd. has a 1 year low of $26.10 and a 1 year high of $50.57. The firm has a 50-day simple moving average of $43.14 and a two-hundred day simple moving average of $38.93.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.02. The business 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 firm’s quarterly revenue was up 23.5% compared to the same quarter last year. 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, equities research 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.