Renaissance Technologies LLC Has $73.94 Million Position in JFrog Ltd. $FROG

Renaissance Technologies LLC cut its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 3.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,575,548 shares of the company’s stock after selling 58,700 shares during the quarter. Renaissance Technologies LLC’s holdings in JFrog were worth $73,940,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FROG. Royal Bank of Canada increased its holdings in shares of JFrog by 48.4% in the first quarter. Royal Bank of Canada now owns 189,148 shares of the company’s stock valued at $6,053,000 after purchasing an additional 61,685 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of JFrog in the first quarter valued at about $205,000. AQR Capital Management LLC acquired a new stake in shares of JFrog during the 1st quarter worth about $368,000. Integrated Wealth Concepts LLC acquired a new stake in shares of JFrog during the 1st quarter worth about $203,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of JFrog by 14.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock worth $22,173,000 after buying an additional 88,784 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

Insider Activity

In related news, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $85.84, for a total value of $10,300,800.00. Following the transaction, the director directly owned 3,224,328 shares of the company’s stock, valued at $276,776,315.52. This trade represents a 3.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Ben Haim Shlomi sold 93,072 shares of JFrog stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $84.60, for a total transaction of $7,873,891.20. Following the completion of the transaction, the chief executive officer directly owned 4,658,236 shares in the company, valued at $394,086,765.60. This trade represents a 1.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 917,399 shares of company stock worth $73,629,102. 11.80% of the stock is currently owned by corporate insiders.

JFrog Stock Performance

FROG opened at $80.16 on Friday. The firm has a market cap of $9.71 billion, a P/E ratio of -151.25 and a beta of 1.20. The business’s fifty day moving average is $83.42 and its 200-day moving average is $61.53. JFrog Ltd. has a 52-week low of $34.05 and a 52-week high of $99.22.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data 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 business had revenue of $153.98 million during the quarter, compared to analysts’ expectations of $147.45 million. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. JFrog’s revenue was up 25.8% compared to the same quarter last year. During the same quarter in the prior 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. On average, research analysts predict that JFrog Ltd. will post -0.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FROG. UBS Group upped their price target on shares of JFrog from $92.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, July 2nd. Needham & Company LLC raised their price objective on shares of JFrog from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. KeyCorp raised their price objective on shares of JFrog from $86.00 to $89.00 and gave the stock an “overweight” rating in a research report on Thursday, June 25th. Benchmark started coverage on JFrog in a report on Thursday, June 25th. They set a “buy” rating and a $100.00 price objective for the company. Finally, DA Davidson set a $90.00 target price on JFrog in a research report on Friday, May 8th. Twenty-one research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $86.76.

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.