Meitav Investment House Ltd. Decreases Holdings in JFrog Ltd. $FROG

Meitav Investment House Ltd. trimmed its position in JFrog Ltd. (NASDAQ:FROG) by 94.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 15,715 shares of the company’s stock after selling 265,604 shares during the quarter. Meitav Investment House Ltd.’s holdings in JFrog were worth $744,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of JFrog by 48.4% during the 1st 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 acquired a new position in JFrog during the 1st quarter valued at about $205,000. AQR Capital Management LLC purchased a new stake in JFrog in the first quarter valued at about $368,000. Integrated Wealth Concepts LLC purchased a new stake in JFrog in the first quarter valued at about $203,000. Finally, Goldman Sachs Group Inc. boosted its holdings in JFrog by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock worth $22,173,000 after acquiring an additional 88,784 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on FROG shares. Oppenheimer upgraded shares of JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price objective on the stock in a report on Friday, November 7th. BTIG Research started coverage on shares of JFrog in a research report on Tuesday, December 16th. They set a “buy” rating and a $83.00 target price on the stock. Canaccord Genuity Group upped their price target on shares of JFrog from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Cantor Fitzgerald lifted their price objective on shares of JFrog from $70.00 to $80.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Finally, DA Davidson raised shares of JFrog to a “strong-buy” rating in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $65.71.

JFrog Price Performance

FROG stock opened at $56.89 on Monday. The company has a market capitalization of $6.73 billion, a P/E ratio of -81.27 and a beta of 1.13. JFrog Ltd. has a 12 month low of $27.00 and a 12 month high of $70.43. The firm’s fifty day simple moving average is $62.55 and its 200-day simple moving average is $51.94.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.06. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. The firm had revenue of $136.91 million during the quarter, compared to analysts’ expectations of $128.28 million. During the same quarter last year, the company posted $0.15 earnings per share. The firm’s revenue was up 25.5% compared to the same quarter last year. 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 forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insiders Place Their Bets

In related news, CRO Tali Notman sold 13,357 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $64.80, for a total transaction of $865,533.60. Following the sale, the executive directly owned 631,325 shares of the company’s stock, valued at $40,909,860. This trade represents a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 25,000 shares of JFrog stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $59.66, for a total value of $1,491,500.00. Following the transaction, the chief executive officer owned 4,766,893 shares of the company’s stock, valued at approximately $284,392,836.38. This represents a 0.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 452,814 shares of company stock worth $27,648,460. 14.10% of the stock is currently owned by company insiders.

JFrog Company 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.