JFrog Ltd. $FROG Shares Acquired by Alkeon Capital Management LLC

Alkeon Capital Management LLC increased its position in shares of JFrog Ltd. (NASDAQ:FROG) by 1,386.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 214,425 shares of the company’s stock after purchasing an additional 200,000 shares during the quarter. Alkeon Capital Management LLC’s holdings in JFrog were worth $9,409,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in shares of JFrog by 50.9% during the second quarter. Ameriprise Financial Inc. now owns 255,392 shares of the company’s stock worth $11,207,000 after purchasing an additional 86,196 shares during the period. AQR Capital Management LLC boosted its holdings in shares of JFrog by 561.3% in the 2nd quarter. AQR Capital Management LLC now owns 76,126 shares of the company’s stock valued at $3,340,000 after buying an additional 64,614 shares during the period. PDT Partners LLC grew its position in shares of JFrog by 46.9% during the 2nd quarter. PDT Partners LLC now owns 176,302 shares of the company’s stock valued at $7,736,000 after buying an additional 56,327 shares during the last quarter. Raymond James Financial Inc. raised its stake in JFrog by 1.6% during the second quarter. Raymond James Financial Inc. now owns 1,088,904 shares of the company’s stock worth $47,781,000 after acquiring an additional 16,768 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in JFrog by 3.5% during the second quarter. Canada Pension Plan Investment Board now owns 203,913 shares of the company’s stock worth $8,948,000 after acquiring an additional 6,959 shares during the period. Institutional investors own 85.02% of the company’s stock.

Insider Activity at JFrog

In other news, CRO Tali Notman sold 13,357 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $64.80, for a total value of $865,533.60. Following the completion of the sale, the executive directly owned 631,325 shares of the company’s stock, valued at approximately $40,909,860. This represents a 2.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Yvonne Wassenaar sold 1,372 shares of the stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $47.94, for a total transaction of $65,773.68. Following the completion of the transaction, 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 SEC filing for this sale provides additional information. Insiders have sold a total of 328,601 shares of company stock valued at $18,933,520 over the last quarter. Corporate insiders own 14.10% of the company’s stock.

Wall Street Analyst Weigh In

FROG has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on JFrog from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, November 7th. Canaccord Genuity Group raised their price target on JFrog from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, November 7th. Wall Street Zen upgraded JFrog from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Robert W. Baird upped their price objective on JFrog from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a research note on Wednesday, October 8th. One investment analyst has 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.69.

JFrog Stock Performance

Shares of FROG stock opened at $68.98 on Friday. JFrog Ltd. has a 1 year low of $27.00 and a 1 year high of $70.43. The firm has a market capitalization of $8.16 billion, a PE ratio of -98.54 and a beta of 1.10. The stock has a fifty day moving average of $55.35 and a two-hundred day moving average of $48.31.

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