JFrog Ltd. $FROG Shares Acquired by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC lifted its position in shares of JFrog Ltd. (NASDAQ:FROG) by 5.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,386 shares of the company’s stock after buying an additional 517 shares during the period. Verdence Capital Advisors LLC’s holdings in JFrog were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC increased 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 buying an additional 597 shares during the last quarter. PNC Financial Services Group Inc. increased 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 buying an additional 329 shares during the last quarter. Bayforest Capital Ltd acquired a new stake in shares of JFrog during the 1st quarter worth approximately $104,000. Smartleaf Asset Management LLC increased 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 buying an additional 800 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in shares of JFrog during the 1st quarter worth approximately $128,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Analysts Set New Price Targets

FROG has been the subject of a number of recent analyst reports. KeyCorp raised their price target on shares of JFrog from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price on shares of JFrog in a report on Wednesday, September 10th. Robert W. Baird lifted their target price on shares of JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Piper Sandler reiterated a “neutral” rating and issued a $48.00 target price (up previously from $40.00) on shares of JFrog in a report on Friday, August 8th. Finally, Barclays lifted their target price on shares of JFrog from $45.00 to $52.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Fifteen research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.69.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 50,000 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $47.11, for a total value of $2,355,500.00. Following the completion of the transaction, the director owned 4,154,903 shares in the company, valued at $195,737,480.33. The trade was a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ben Haim Shlomi sold 38,159 shares of the business’s 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 transaction, the chief executive officer owned 4,899,512 shares of the company’s stock, valued at approximately $246,543,443.84. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 445,120 shares of company stock worth $21,375,827 over the last 90 days. Corporate insiders own 14.10% of the company’s stock.

JFrog Stock Down 0.9%

NASDAQ:FROG opened at $46.61 on Thursday. The company has a fifty day simple moving average of $47.46 and a two-hundred day simple moving average of $41.84. The company has a market cap of $5.44 billion, a price-to-earnings ratio of -60.53 and a beta of 1.05. JFrog Ltd. has a 52 week low of $27.00 and a 52 week 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, 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 company’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. On average, analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

JFrog 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.