Assenagon Asset Management S.A. Acquires New Stake in JFrog Ltd. $FROG

Assenagon Asset Management S.A. acquired a new position in shares of JFrog Ltd. (NASDAQ:FROG) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 322,243 shares of the company’s stock, valued at approximately $15,252,000. Assenagon Asset Management S.A. owned about 0.28% of JFrog as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. boosted its holdings in JFrog by 1,974.0% in the 1st quarter. Alliancebernstein L.P. now owns 2,151,008 shares of the company’s stock valued at $68,832,000 after purchasing an additional 2,047,294 shares in the last quarter. Eminence Capital LP acquired a new stake in shares of JFrog in the 1st quarter valued at approximately $43,268,000. Norges Bank acquired a new stake in shares of JFrog in the 2nd quarter valued at approximately $50,968,000. T. Rowe Price Investment Management Inc. boosted its stake in shares of JFrog by 65.1% in the first quarter. T. Rowe Price Investment Management Inc. now owns 2,630,179 shares of the company’s stock valued at $84,166,000 after buying an additional 1,037,482 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in JFrog by 4,233.4% during the second quarter. Marshall Wace LLP now owns 980,179 shares of the company’s stock worth $43,010,000 after acquiring an additional 957,560 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Oppenheimer upgraded JFrog from a “market perform” rating to an “outperform” rating and set a $75.00 price objective for the company in a research report on Friday, November 7th. Morgan Stanley upped their price target on shares of JFrog from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Robert W. Baird increased their price target on shares of JFrog from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Cowen reiterated a “buy” rating on shares of JFrog in a research note on Friday, October 17th. Finally, Piper Sandler boosted their price objective on shares of JFrog from $48.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and an average target price of $64.35.

Insider Transactions at JFrog

In other JFrog news, Director Yvonne Wassenaar sold 1,372 shares of JFrog stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $47.94, for a total value of $65,773.68. Following the completion of the sale, the director owned 29,307 shares in the company, valued at $1,404,977.58. The trade was a 4.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Tali Notman sold 13,357 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $64.80, for a total transaction of $865,533.60. Following the transaction, the executive directly owned 631,325 shares of the company’s stock, valued at approximately $40,909,860. This represents a 2.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 398,601 shares of company stock valued at $23,778,920. Corporate insiders own 14.10% of the company’s stock.

JFrog Stock Performance

Shares of FROG opened at $66.81 on Friday. JFrog Ltd. has a 1 year low of $27.00 and a 1 year high of $70.43. The company’s 50 day simple moving average is $57.15 and its 200 day simple moving average is $49.09. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of -95.44 and a beta of 1.10.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, November 6th. The company reported $0.22 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 period in the previous year, the company earned $0.15 EPS. JFrog’s revenue for the quarter was up 25.5% on a year-over-year basis. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. Equities analysts expect that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

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.