Bank of New York Mellon Corp Has $62.72 Million Position in JFrog Ltd. $FROG

Bank of New York Mellon Corp decreased its position in shares of JFrog Ltd. (NASDAQ:FROG) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,429,244 shares of the company’s stock after selling 35,315 shares during the quarter. Bank of New York Mellon Corp’s holdings in JFrog were worth $62,715,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on FROG shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a research report on Wednesday, October 8th. Wall Street Zen raised shares of JFrog from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Raymond James Financial upped their target price on shares of JFrog from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. TD Cowen increased their price target on JFrog from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Friday, October 17th. Finally, Morgan Stanley lifted their price objective on JFrog from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.69.

Insider Buying and Selling

In other news, Director Yvonne Wassenaar sold 1,372 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $47.94, for a total transaction of $65,773.68. Following the sale, the director owned 29,307 shares of the company’s stock, valued at $1,404,977.58. This trade represents a 4.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 15,000 shares of JFrog stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $48.08, for a total value of $721,200.00. Following the transaction, the chief executive officer owned 4,884,152 shares in the company, valued at $234,830,028.16. This trade represents a 0.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 431,492 shares of company stock valued at $20,979,800. 14.10% of the stock is owned by company insiders.

JFrog Stock Performance

FROG opened at $60.00 on Monday. The firm’s fifty day moving average is $48.70 and its two-hundred day moving average is $44.21. The firm has a market cap of $7.00 billion, a PE ratio of -85.71 and a beta of 1.02. JFrog Ltd. has a twelve month low of $27.00 and a twelve month high of $60.68.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (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 analyst estimates of $128.28 million. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.82%. The firm’s revenue was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $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. Equities analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

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.