State of Wyoming Trims Stock Holdings in JFrog Ltd. $FROG

State of Wyoming decreased its position in JFrog Ltd. (NASDAQ:FROG) by 90.9% in the first quarter, Holdings Channel.com reports. The firm owned 783 shares of the company’s stock after selling 7,844 shares during the quarter. State of Wyoming’s holdings in JFrog were worth $37,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Millstone Evans Group LLC boosted its holdings in shares of JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock valued at $28,000 after buying an additional 427 shares in the last quarter. Blue Trust Inc. bought a new position in shares of JFrog in the 4th quarter worth about $30,000. Bessemer Group Inc. purchased a new position in JFrog during the 1st quarter valued at about $36,000. Farther Finance Advisors LLC lifted its position in JFrog by 318.7% during the 4th 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 period. Finally, Employees Retirement System of Texas bought a new stake in JFrog during the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Citigroup restated a “buy” rating on shares of JFrog in a report on Monday, June 8th. Oppenheimer reissued an “outperform” rating and issued a $105.00 price target on shares of JFrog in a research report on Wednesday, July 22nd. Benchmark restated a “buy” rating on shares of JFrog in a research note on Wednesday, July 29th. Canaccord Genuity Group raised their price objective on JFrog from $78.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on JFrog from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. Twenty-one analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, JFrog currently has an average rating of “Moderate Buy” and an average target price of $91.19.

JFrog Stock Performance

NASDAQ:FROG opened at $86.30 on Wednesday. The firm has a market cap of $10.45 billion, a P/E ratio of -162.83 and a beta of 1.22. JFrog Ltd. has a fifty-two week low of $34.05 and a fifty-two week high of $99.22. The firm has a 50-day simple moving average of $84.49 and a two-hundred day simple moving average of $62.55.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) 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%. The business’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the previous year, the company earned $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, equities research analysts predict that JFrog Ltd. will post -0.15 EPS for the current year.

Insider Activity at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 5,654 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $84.69, for a total transaction of $478,837.26. Following the sale, the chief financial officer directly owned 209,658 shares in the company, valued at approximately $17,755,936.02. This trade represents a 2.63% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Tali Notman sold 22,015 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $83.95, for a total value of $1,848,159.25. Following the sale, the executive owned 706,629 shares in the company, valued at approximately $59,321,504.55. This represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 938,649 shares of company stock valued at $76,347,827 over the last ninety days. Corporate insiders own 11.80% of the company’s stock.

About JFrog

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.