ARK Investment Management LLC Sells 5,398 Shares of JFrog Ltd. $FROG

ARK Investment Management LLC cut its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 9.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,997 shares of the company’s stock after selling 5,398 shares during the period. ARK Investment Management LLC’s holdings in JFrog were worth $2,326,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in FROG. Oppenheimer Asset Management Inc. grew its stake in shares of JFrog by 9.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 16,443 shares of the company’s stock worth $526,000 after purchasing an additional 1,355 shares during the period. Lisanti Capital Growth LLC acquired a new stake in JFrog during the 1st quarter worth $3,199,000. Summit Trail Advisors LLC raised its stake in JFrog by 72.9% during the 1st quarter. Summit Trail Advisors LLC now owns 94,873 shares of the company’s stock worth $3,036,000 after buying an additional 40,000 shares during the period. Teacher Retirement System of Texas raised its stake in JFrog by 115.6% during the 1st quarter. Teacher Retirement System of Texas now owns 49,487 shares of the company’s stock worth $1,584,000 after buying an additional 26,534 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in JFrog by 6.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 197,055 shares of the company’s stock worth $6,306,000 after buying an additional 12,269 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Frederic Simon sold 50,000 shares of JFrog stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the completion of the transaction, the director owned 4,154,903 shares in the company, valued at approximately $195,737,480.33. This trade represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 102,419 shares of JFrog stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $49.73, for a total value of $5,093,296.87. Following the transaction, the chief technology officer owned 6,081,087 shares of the company’s stock, valued at $302,412,456.51. The trade was a 1.66% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 481,492 shares of company stock worth $23,083,800. Company insiders own 14.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. KeyCorp raised their price objective on JFrog from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, September 12th. Morgan Stanley raised their price objective on JFrog from $50.00 to $65.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of JFrog in a report on Wednesday, October 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $60.00 target price on shares of JFrog in a report on Monday, September 15th. Finally, DA Davidson increased their target price on JFrog from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Fifteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $53.44.

JFrog Stock Performance

NASDAQ:FROG opened at $47.70 on Thursday. The stock’s 50-day simple moving average is $48.08 and its 200 day simple moving average is $42.40. The company has a market cap of $5.57 billion, a P/E ratio of -61.95 and a beta of 1.05. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $51.94.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%.The business had revenue of $127.20 million for the quarter, compared to the consensus estimate of $122.80 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. JFrog’s quarterly revenue was up 23.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, equities analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

About JFrog

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.