Northwestern Mutual Wealth Management Co. Decreases Stock Holdings in JFrog Ltd. $FROG

Northwestern Mutual Wealth Management Co. reduced its position in shares of JFrog Ltd. (NASDAQ:FROG) by 44.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,349 shares of the company’s stock after selling 1,871 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in JFrog were worth $75,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of FROG. Northern Trust Corp lifted its position in shares of JFrog by 79.0% during the 4th quarter. Northern Trust Corp now owns 155,121 shares of the company’s stock worth $4,562,000 after purchasing an additional 68,463 shares during the last quarter. Ameriprise Financial Inc. raised its stake in JFrog by 29.8% during the 4th quarter. Ameriprise Financial Inc. now owns 128,055 shares of the company’s stock worth $3,766,000 after acquiring an additional 29,372 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in JFrog during the 4th quarter worth $212,000. Centiva Capital LP acquired a new stake in JFrog during the 4th quarter worth $406,000. Finally, Cetera Investment Advisers acquired a new stake in JFrog during the 4th quarter worth $452,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Wall Street Zen lowered shares of JFrog from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price target (up from $46.00) on shares of JFrog in a research note on Friday, August 8th. Cowen reiterated a “buy” rating on shares of JFrog in a research note on Friday, August 8th. KeyCorp lifted their price target on shares of JFrog from $46.00 to $52.00 and gave the stock an “overweight” rating in a research note on Friday, August 8th. Finally, Robert W. Baird set a $47.00 price target on shares of JFrog and gave the stock an “outperform” rating in a research note on Monday, August 4th. Fourteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.87.

Insider Transactions at JFrog

In other news, CTO Yoav Landman sold 102,419 shares of the business’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $49.73, for a total transaction of $5,093,296.87. Following the transaction, the chief technology officer directly owned 6,081,087 shares in the company, valued at $302,412,456.51. The trade was a 1.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frederic Simon sold 50,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $47.11, for a total transaction of $2,355,500.00. Following the transaction, the director owned 4,154,903 shares in the company, valued at approximately $195,737,480.33. This trade represents a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 442,522 shares of company stock worth $20,456,252 over the last ninety days. 14.10% of the stock is currently owned by company insiders.

JFrog Stock Performance

NASDAQ FROG opened at $50.06 on Friday. The firm has a market cap of $5.84 billion, a PE ratio of -65.01 and a beta of 1.07. JFrog Ltd. has a one year low of $27.00 and a one year high of $50.57. The firm’s fifty day moving average is $43.70 and its two-hundred day moving average is $39.23.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $122.80 million. During the same period in the previous year, the business posted $0.15 earnings per share. JFrog’s quarterly revenue was up 23.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

JFrog Profile

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.