Migdal Insurance & Financial Holdings Ltd. Trims Position in JFrog Ltd. $FROG

Migdal Insurance & Financial Holdings Ltd. decreased its holdings in JFrog Ltd. (NASDAQ:FROG) by 48.2% in the third quarter, HoldingsChannel.com reports. The fund owned 274,047 shares of the company’s stock after selling 255,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in JFrog were worth $12,971,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new position in JFrog during the 2nd quarter valued at $50,968,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of JFrog during the 3rd quarter valued at about $51,443,000. Marshall Wace LLP boosted its stake in shares of JFrog by 4,233.4% during the 2nd quarter. Marshall Wace LLP now owns 980,179 shares of the company’s stock valued at $43,010,000 after purchasing an additional 957,560 shares in the last quarter. Artisan Partners Limited Partnership purchased a new position in shares of JFrog during the second quarter valued at about $26,890,000. Finally, Voya Investment Management LLC raised its stake in JFrog by 89.7% in the third quarter. Voya Investment Management LLC now owns 1,057,257 shares of the company’s stock worth $50,040,000 after buying an additional 500,059 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

FROG has been the topic of several research reports. Morgan Stanley lifted their price objective on JFrog from $65.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, November 7th. UBS Group restated a “neutral” rating on shares of JFrog in a research report on Wednesday, January 14th. Piper Sandler increased their price objective on JFrog from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Monday, January 5th. Needham & Company LLC boosted their target price on shares of JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 7th. Finally, Cowen reissued a “buy” rating on shares of JFrog in a research note on Friday, October 17th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and a consensus price target of $65.71.

Insiders Place Their Bets

In other news, Director Frederic Simon sold 80,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $59.51, for a total value of $4,760,800.00. Following the completion of the transaction, the director owned 3,660,786 shares in the company, valued at $217,853,374.86. The trade was a 2.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CRO Tali Notman sold 13,357 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $64.80, for a total value of $865,533.60. Following the sale, the executive directly owned 631,325 shares in the company, valued at $40,909,860. This trade represents a 2.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 452,814 shares of company stock worth $27,648,460. 14.10% of the stock is owned by corporate insiders.

JFrog Price Performance

FROG opened at $55.90 on Wednesday. The firm has a market cap of $6.61 billion, a PE ratio of -79.86 and a beta of 1.13. The stock has a 50-day moving average price of $62.24 and a 200-day moving average price of $52.15. JFrog Ltd. has a 1 year low of $27.00 and a 1 year high of $70.43.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The business had revenue of $136.91 million during the quarter, compared to analyst estimates of $128.28 million. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. JFrog’s revenue was up 25.5% compared to the same quarter last year. During the same period last year, the business earned $0.15 EPS. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

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.