Assenagon Asset Management S.A. Has $27.64 Million Holdings in JFrog Ltd. $FROG

Assenagon Asset Management S.A. trimmed its holdings in JFrog Ltd. (NASDAQ:FROG) by 61.8% in the 1st quarter, Holdings Channel reports. The fund owned 588,890 shares of the company’s stock after selling 954,121 shares during the quarter. Assenagon Asset Management S.A.’s holdings in JFrog were worth $27,637,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its position in shares of JFrog by 48.4% during the first quarter. Royal Bank of Canada now owns 189,148 shares of the company’s stock valued at $6,053,000 after buying an additional 61,685 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of JFrog during the first quarter valued at approximately $205,000. AQR Capital Management LLC acquired a new position in shares of JFrog in the first quarter valued at $368,000. Integrated Wealth Concepts LLC acquired a new position in shares of JFrog in the first quarter valued at $203,000. Finally, Goldman Sachs Group Inc. lifted its position in JFrog by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock worth $22,173,000 after purchasing an additional 88,784 shares during the period. Institutional investors and hedge funds own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen lowered shares of JFrog from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. JPMorgan Chase & Co. lifted their target price on shares of JFrog from $68.00 to $76.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. KeyCorp increased their price target on shares of JFrog from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday. BTIG Research increased their price objective on JFrog from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Citigroup reissued a “buy” rating on shares of JFrog in a report on Monday, June 8th. Twenty-one analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $81.62.

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 93,072 shares of JFrog stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $84.60, for a total transaction of $7,873,891.20. Following the transaction, the chief executive officer directly owned 4,658,236 shares in the company, valued at approximately $394,086,765.60. The trade was a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eduard Grabscheid sold 5,654 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $84.69, for a total value of $478,837.26. Following the completion of the transaction, the chief financial officer directly owned 209,658 shares of the company’s stock, valued at approximately $17,755,936.02. The trade was a 2.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 805,700 shares of company stock worth $58,486,362 in the last three months. 11.80% of the stock is owned by insiders.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $87.50 on Friday. The stock has a market cap of $10.60 billion, a P/E ratio of -165.09 and a beta of 1.23. The firm has a 50 day moving average price of $68.73 and a 200 day moving average price of $58.14. JFrog Ltd. has a 52-week low of $34.05 and a 52-week high of $89.16.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The company had revenue of $153.98 million for the quarter, compared to analyst estimates of $147.45 million. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period last year, the business posted $0.20 earnings per share. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. Analysts predict that JFrog Ltd. will post -0.15 earnings per share for the current fiscal year.

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.