Jennison Associates LLC Invests $257,000 in JFrog Ltd. $FROG

Jennison Associates LLC acquired a new position in JFrog Ltd. (NASDAQ:FROG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,866 shares of the company’s stock, valued at approximately $257,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. raised its stake in shares of JFrog by 3.2% in the 1st quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company’s stock worth $34,308,000 after buying an additional 33,236 shares in the last quarter. Nishkama Capital LLC bought a new stake in shares of JFrog in the 1st quarter worth $6,561,000. T. Rowe Price Investment Management Inc. raised its stake in shares of JFrog by 65.1% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock worth $84,166,000 after buying an additional 1,037,482 shares in the last quarter. Malaga Cove Capital LLC bought a new stake in shares of JFrog in the 1st quarter worth $413,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of JFrog by 14.7% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 605,721 shares of the company’s stock worth $19,383,000 after buying an additional 77,461 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

JFrog Trading Up 1.0%

Shares of FROG stock opened at $47.48 on Monday. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $51.94. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of -61.66 and a beta of 1.02. The stock’s fifty day simple moving average is $48.58 and its 200-day simple moving average is $43.55.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share 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 company posted $0.15 earnings per share. JFrog’s revenue for the quarter was up 23.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, sell-side analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Activity

In other news, Director Frederic Simon sold 50,000 shares of JFrog stock in a transaction on 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 transaction, the director owned 4,154,903 shares in the company, valued at approximately $195,737,480.33. The trade was a 1.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 102,419 shares of JFrog stock in a transaction on Thursday, August 28th. The shares were 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 in the company, valued at $302,412,456.51. This represents a 1.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 481,492 shares of company stock worth $23,083,800. 14.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FROG. DA Davidson boosted their price objective on JFrog from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Cowen restated a “buy” rating on shares of JFrog in a report on Friday, October 17th. Stifel Nicolaus lifted their target price on JFrog from $45.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, August 8th. KeyCorp lifted their target price on JFrog from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a report on Wednesday, October 8th. Fifteen research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $53.44.

JFrog Company 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.