Exchange Traded Concepts LLC Boosts Stake in JFrog Ltd. $FROG

Exchange Traded Concepts LLC raised its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 21.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 94,046 shares of the company’s stock after buying an additional 16,694 shares during the period. Exchange Traded Concepts LLC’s holdings in JFrog were worth $4,451,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Bayforest Capital Ltd purchased a new stake in shares of JFrog in the first quarter valued at $104,000. Smartleaf Asset Management LLC increased its position in 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 purchasing an additional 800 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in JFrog in the 1st quarter valued at about $128,000. Tower Research Capital LLC TRC lifted its holdings in JFrog by 7,185.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock valued at $131,000 after purchasing an additional 2,946 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in JFrog in the 2nd quarter valued at about $136,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Stock Down 0.3%

NASDAQ:FROG opened at $66.44 on Thursday. The company has a market cap of $7.86 billion, a P/E ratio of -94.91 and a beta of 1.10. JFrog Ltd. has a fifty-two week low of $27.00 and a fifty-two week high of $70.43. The firm’s 50 day moving average is $58.36 and its two-hundred day moving average is $49.64.

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

Analysts Set New Price Targets

A number of brokerages have recently commented on FROG. DA Davidson upgraded shares of JFrog to a “strong-buy” rating in a report on Friday, November 7th. Canaccord Genuity Group raised their target price on shares of JFrog from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Piper Sandler lifted their target price on shares of JFrog from $48.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Morgan Stanley increased their price target on JFrog from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Finally, Cowen restated a “buy” rating on shares of JFrog in a report on Friday, October 17th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, JFrog has a consensus rating of “Moderate Buy” and an average target price of $64.35.

Insider Activity at JFrog

In other news, CRO Tali Notman sold 13,357 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $64.80, for a total value of $865,533.60. Following the transaction, the executive directly owned 631,325 shares in the company, valued at $40,909,860. This trade represents a 2.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Frederic Simon sold 67,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $60.08, for a total value of $4,055,400.00. Following the sale, the director owned 3,753,286 shares of the company’s stock, valued at $225,497,422.88. The trade was a 1.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 398,601 shares of company stock valued at $23,778,920 over the last three months. Insiders own 14.10% of the company’s stock.

JFrog Profile

JFrog is a software company specializing in DevOps solutions designed to streamline the management, distribution and security of software binaries. Its core offering, JFrog Artifactory, serves as a universal artifact repository manager compatible with all major package formats, enabling development teams to store, version and share build artifacts across the software delivery pipeline. The company’s platform also includes tools for continuous integration and delivery (CI/CD), security scanning and release automation.

Among JFrog’s flagship products are JFrog Xray, a security and compliance scanning service that analyzes artifacts and dependencies for vulnerabilities; JFrog Pipelines, a CI/CD orchestration engine that automates build and release workflows; and JFrog Distribution, which accelerates the secure distribution of software releases to edge nodes and end users.