Jennison Associates LLC Boosts Stake in JFrog Ltd. $FROG

Jennison Associates LLC raised its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 14.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 618,669 shares of the company’s stock after buying an additional 80,225 shares during the period. Jennison Associates LLC’s holdings in JFrog were worth $29,034,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Millstone Evans Group LLC raised its holdings in shares of JFrog by 242.6% in the first quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock worth $28,000 after acquiring an additional 427 shares during the last quarter. Blue Trust Inc. purchased a new stake in shares of JFrog in the fourth quarter valued at $30,000. Bessemer Group Inc. acquired a new stake in shares of JFrog during the first quarter valued at $36,000. Farther Finance Advisors LLC boosted its stake in shares of JFrog by 318.7% during the fourth quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock valued at $39,000 after acquiring an additional 478 shares during the last quarter. Finally, Employees Retirement System of Texas purchased a new stake in JFrog during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $94.37, for a total transaction of $1,415,550.00. Following the completion of the transaction, the chief executive officer owned 4,577,237 shares of the company’s stock, valued at approximately $431,953,855.69. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Barry Zwarenstein sold 1,250 shares of the stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $84.35, for a total transaction of $105,437.50. Following the transaction, the director directly owned 32,937 shares in the company, valued at approximately $2,778,235.95. This represents a 3.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 917,399 shares of company stock valued at $73,629,102 in the last quarter. Insiders own 11.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on FROG. Stifel Nicolaus upped their target price on shares of JFrog from $75.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. BTIG Research lifted their price target on shares of JFrog from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, May 8th. UBS Group boosted their price objective on shares of JFrog from $92.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. JPMorgan Chase & Co. upped their price objective on shares of JFrog from $68.00 to $76.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Benchmark started coverage on shares of JFrog in a research report on Thursday, June 25th. They set a “buy” rating and a $100.00 target price on the stock. Twenty-one investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $84.86.

JFrog Trading Up 2.1%

Shares of NASDAQ:FROG opened at $90.43 on Tuesday. The stock’s 50-day moving average price is $82.13 and its two-hundred day moving average price is $60.95. JFrog Ltd. has a 12-month low of $34.05 and a 12-month high of $99.22. The firm has a market cap of $10.95 billion, a price-to-earnings ratio of -170.62 and a beta of 1.20.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. JFrog had a negative return on equity of 4.61% and a negative net margin of 10.93%.The company had revenue of $153.98 million during the quarter, compared to analysts’ expectations of $147.45 million. During the same quarter in the previous year, the business earned $0.20 EPS. The firm’s revenue was up 25.8% on a year-over-year basis. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. As a group, research analysts forecast 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.