Squarepoint Ops LLC Boosts Stock Position in JFrog Ltd. $FROG

Squarepoint Ops LLC grew its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 208.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,697 shares of the company’s stock after purchasing an additional 18,727 shares during the quarter. Squarepoint Ops LLC’s holdings in JFrog were worth $1,215,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. PNC Financial Services Group Inc. increased its holdings in JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock worth $43,000 after buying an additional 329 shares during the last quarter. Invesco Ltd. increased its stake in shares of JFrog by 45.1% during the 1st quarter. Invesco Ltd. now owns 22,311 shares of the company’s stock worth $714,000 after purchasing an additional 6,938 shares during the last quarter. Nuveen LLC bought a new stake in shares of JFrog in the 1st quarter worth approximately $2,017,000. Raymond James Financial Inc. lifted its stake in JFrog by 3.2% in the first quarter. Raymond James Financial Inc. now owns 1,072,136 shares of the company’s stock valued at $34,308,000 after purchasing an additional 33,236 shares during the last quarter. Finally, Algert Global LLC purchased a new position in JFrog in the first quarter valued at approximately $689,000. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Up 1.7%

Shares of FROG opened at $66.81 on Friday. JFrog Ltd. has a twelve month low of $27.00 and a twelve month high of $70.43. The stock has a market cap of $7.90 billion, a PE ratio of -95.44 and a beta of 1.10. The business’s 50-day moving average price is $57.15 and its 200-day moving average price is $49.13.

JFrog (NASDAQ:FROG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.16 by $0.06. The company had revenue of $136.91 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 25.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. Analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Truist Financial restated a “buy” rating and issued a $70.00 target price (up from $55.00) on shares of JFrog in a research note on Friday, November 7th. Needham & Company LLC boosted their price objective on JFrog from $55.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 7th. Canaccord Genuity Group upped their price objective on shares of JFrog from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, November 7th. Barclays increased their target price on shares of JFrog from $57.00 to $67.00 and gave the stock an “overweight” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of JFrog in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, JFrog presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.35.

Insider Activity

In related news, CRO Tali Notman sold 13,357 shares of the business’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 completion of the transaction, the executive directly owned 631,325 shares in the company, valued at $40,909,860. The trade was a 2.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Yvonne Wassenaar sold 1,372 shares of the company’s 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 transaction, the director owned 29,307 shares in the company, valued at $1,404,977.58. This represents a 4.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 398,601 shares of company stock worth $23,778,920. Company insiders own 14.10% of the company’s stock.

JFrog 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.