Key Points
- CTO Yoav Landman sold 70,000 shares of JFrog on Dec. 10 at an average $69.22 for about $4.85 million, reducing his stake by 1.16% to 5,958,641 shares valued at roughly $412.46 million.
- JFrog beat quarterly estimates, reporting $0.22 EPS vs. $0.16 expected and revenue of $136.91 million (up 25.5% YoY), and issued FY2025 guidance of $0.780–0.800 EPS and Q4 guidance of $0.180–0.200 EPS despite a negative net margin.
- Wall Street and institutions remain largely positive: analysts have mostly Buy/Overweight ratings with a consensus target of $64.35 and several target increases to $67–$70, while institutional investors own about 85.02% of the stock (Vanguard holds ~9.14M shares).
JFrog Ltd. (NASDAQ:FROG - Get Free Report) CTO Yoav Landman sold 70,000 shares of the firm's stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $69.22, for a total transaction of $4,845,400.00. Following the completion of the transaction, the chief technology officer directly owned 5,958,641 shares in the company, valued at $412,457,130.02. This represents a 1.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
JFrog Trading Up 2.7%
NASDAQ:FROG opened at $65.72 on Friday. The stock has a 50 day moving average of $56.73 and a two-hundred day moving average of $48.94. JFrog Ltd. has a 12 month low of $27.00 and a 12 month high of $70.43. The firm has a market cap of $7.78 billion, a P/E ratio of -93.89 and a beta of 1.10.
JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.06. JFrog had a negative return on equity of 6.69% and a negative net margin of 15.88%.The firm had revenue of $136.91 million for the quarter, compared to analyst estimates of $128.28 million. During the same period in the previous year, the company posted $0.15 earnings per share. The business's revenue was up 25.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. On average, research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.
Institutional Trading of JFrog
Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of JFrog by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 9,143,178 shares of the company's stock valued at $432,747,000 after buying an additional 224,513 shares during the period. Wasatch Advisors LP grew its position in JFrog by 6.0% in the third quarter. Wasatch Advisors LP now owns 2,710,886 shares of the company's stock worth $128,306,000 after acquiring an additional 153,283 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in JFrog by 65.1% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company's stock worth $84,166,000 after acquiring an additional 1,037,482 shares during the last quarter. Alliancebernstein L.P. increased its stake in JFrog by 1,974.0% during the first quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company's stock worth $68,832,000 after acquiring an additional 2,047,294 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in JFrog by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 1,903,396 shares of the company's stock valued at $83,521,000 after purchasing an additional 56,213 shares during the period. Hedge funds and other institutional investors own 85.02% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently commented on FROG. Barclays increased their target price on shares of JFrog from $57.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday, November 7th. Truist Financial restated a "buy" rating and set a $70.00 price target (up from $55.00) on shares of JFrog in a research report on Friday, November 7th. Cowen reiterated a "buy" rating on shares of JFrog in a report on Friday, October 17th. Cantor Fitzgerald raised their target price on shares of JFrog from $60.00 to $70.00 and gave the stock an "overweight" rating in a research note on Friday, November 7th. Finally, Robert W. Baird boosted their target price on JFrog from $52.00 to $58.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $64.35.
Check Out Our Latest Stock Report on JFrog
JFrog Company Profile
(
Get Free Report)
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.
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