Alkeon Capital Management LLC Increases Stake in JFrog Ltd. $FROG

Alkeon Capital Management LLC increased its position in shares of JFrog Ltd. (NASDAQ:FROG) by 233.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 714,425 shares of the company’s stock after acquiring an additional 500,000 shares during the quarter. Alkeon Capital Management LLC owned approximately 0.60% of JFrog worth $33,814,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of FROG. Aster Capital Management DIFC Ltd acquired a new stake in shares of JFrog in the third quarter valued at $56,000. Wilmington Savings Fund Society FSB boosted its position in shares of JFrog by 1,086.8% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 1,258 shares of the company’s stock worth $60,000 after acquiring an additional 1,152 shares in the last quarter. RiverPark Advisors LLC purchased a new position in JFrog in the third quarter valued at approximately $103,000. Tower Research Capital LLC TRC grew its position in shares of JFrog by 7,185.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,987 shares of the company’s stock valued at $131,000 after buying an additional 2,946 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC purchased a new position in shares of JFrog during the second quarter worth about $136,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Price Performance

Shares of FROG opened at $41.07 on Friday. JFrog Ltd. has a 12-month low of $27.00 and a 12-month high of $70.43. The business’s fifty day moving average price is $50.32 and its 200 day moving average price is $53.42. The stock has a market capitalization of $4.91 billion, a PE ratio of -66.24 and a beta of 1.20.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, February 12th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $145.31 million during the quarter, compared to analysts’ expectations of $138.09 million. JFrog had a negative net margin of 13.50% and a negative return on equity of 5.74%. JFrog’s quarterly revenue was up 25.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 EPS. JFrog has set its FY 2026 guidance at 0.880-0.920 EPS and its Q1 2026 guidance at 0.200-0.220 EPS. As a group, research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Frederic Simon sold 80,000 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $59.51, for a total value of $4,760,800.00. Following the completion of the transaction, the director owned 3,660,786 shares of the company’s stock, valued at approximately $217,853,374.86. This trade represents a 2.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 45,000 shares of JFrog stock in a transaction on Friday, January 16th. The shares were sold at an average price of $57.71, for a total value of $2,596,950.00. Following the transaction, the chief technology officer owned 5,868,641 shares in the company, valued at $338,679,272.11. This represents a 0.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 351,960 shares of company stock valued at $17,367,657 in the last three months. Insiders own 14.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FROG has been the topic of several recent analyst reports. Canaccord Genuity Group decreased their target price on shares of JFrog from $75.00 to $66.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. UBS Group set a $60.00 target price on JFrog in a report on Friday, February 13th. Evercore set a $80.00 price target on shares of JFrog in a report on Thursday, February 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of JFrog in a research report on Thursday, January 22nd. Finally, BTIG Research dropped their price target on shares of JFrog from $83.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Sixteen research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, JFrog has a consensus rating of “Moderate Buy” and a consensus price target of $67.42.

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.