Meitav Investment House Ltd. Lowers Stake in JFrog Ltd. $FROG

Meitav Investment House Ltd. lowered its position in shares of JFrog Ltd. (NASDAQ:FROG) by 27.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 281,319 shares of the company’s stock after selling 103,998 shares during the quarter. Meitav Investment House Ltd. owned 0.25% of JFrog worth $12,351,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FROG. Truist Financial Corp bought a new stake in shares of JFrog during the second quarter valued at approximately $239,000. Public Employees Retirement System of Ohio raised its position in shares of JFrog by 13.9% during the second quarter. Public Employees Retirement System of Ohio now owns 93,582 shares of the company’s stock valued at $4,106,000 after buying an additional 11,448 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of JFrog by 4.6% during the second quarter. Park Avenue Securities LLC now owns 9,155 shares of the company’s stock valued at $402,000 after buying an additional 405 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in shares of JFrog by 6.4% during the second quarter. Harbor Capital Advisors Inc. now owns 20,720 shares of the company’s stock valued at $909,000 after buying an additional 1,254 shares during the last quarter. Finally, Siren L.L.C. raised its position in shares of JFrog by 9.6% during the first quarter. Siren L.L.C. now owns 131,616 shares of the company’s stock valued at $4,212,000 after buying an additional 11,500 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

FROG has been the topic of several recent analyst reports. DA Davidson lifted their price objective on shares of JFrog from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Weiss Ratings restated a “sell (d-)” rating on shares of JFrog in a research report on Saturday, September 27th. KeyCorp boosted their price target on shares of JFrog from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Barclays boosted their price target on shares of JFrog from $45.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus boosted their price target on shares of JFrog from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Fifteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and a consensus price target of $51.69.

JFrog Price Performance

NASDAQ:FROG opened at $48.46 on Tuesday. JFrog Ltd. has a 1-year low of $27.00 and a 1-year high of $51.94. The company has a 50-day moving average of $46.88 and a 200 day moving average of $41.29. The firm has a market cap of $5.66 billion, a PE ratio of -62.94 and a beta of 1.05.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The company had revenue of $127.20 million during the quarter, compared to analyst estimates of $122.80 million. During the same period in the prior year, the firm earned $0.15 earnings per share. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Sell-side analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Insider Buying and Selling at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 4,908 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $47.29, for a total transaction of $232,099.32. Following the completion of the sale, the chief financial officer directly owned 136,165 shares of the company’s stock, valued at approximately $6,439,242.85. This represents a 3.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CRO Tali Notman sold 13,067 shares of the stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $50.26, for a total transaction of $656,747.42. Following the sale, the executive directly owned 658,842 shares of the company’s stock, valued at approximately $33,113,398.92. The trade was a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 430,120 shares of company stock valued at $20,654,627. 14.10% of the stock is currently owned by corporate insiders.

About JFrog

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.