Magnetar Financial LLC Takes Position in JFrog Ltd. $FROG

Magnetar Financial LLC acquired a new stake in JFrog Ltd. (NASDAQ:FROG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,634 shares of the company’s stock, valued at approximately $628,000.

A number of other hedge funds have also modified their holdings of FROG. T. Rowe Price Investment Management Inc. increased its holdings 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 purchasing an additional 1,037,482 shares during the period. Mackenzie Financial Corp grew its position in JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock worth $58,703,000 after purchasing an additional 965,912 shares during the period. Bamco Inc. NY acquired a new stake in JFrog during the 4th quarter worth about $21,322,000. Daventry Group LP grew its position in JFrog by 103.0% during the 4th quarter. Daventry Group LP now owns 1,403,708 shares of the company’s stock worth $41,283,000 after purchasing an additional 712,373 shares during the period. Finally, Woodline Partners LP grew its position in JFrog by 1,312.6% during the 4th quarter. Woodline Partners LP now owns 438,454 shares of the company’s stock worth $12,895,000 after purchasing an additional 407,415 shares during the period. 85.02% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JFrog

In related news, CRO Tali Notman sold 23,157 shares of the firm’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.16, for a total value of $999,456.12. Following the transaction, the executive directly owned 686,360 shares of the company’s stock, valued at approximately $29,623,297.60. This trade represents a 3.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 102,419 shares of the firm’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 completion of the transaction, the chief technology officer directly owned 6,081,087 shares in the company, valued at $302,412,456.51. This represents a 1.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 549,705 shares of company stock valued at $24,867,274. 14.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Cantor Fitzgerald increased their price target on JFrog from $46.00 to $55.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. DA Davidson increased their price target on JFrog from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Morgan Stanley increased their price target on JFrog from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. KeyCorp increased their price target on JFrog from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Piper Sandler reissued a “neutral” rating and set a $48.00 target price (up from $40.00) on shares of JFrog in a research note on Friday, August 8th. Fourteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and an average target price of $46.87.

JFrog Trading Down 1.4%

Shares of JFrog stock opened at $49.37 on Monday. The firm has a market capitalization of $5.76 billion, a PE ratio of -64.12 and a beta of 1.06. JFrog Ltd. has a twelve month low of $26.10 and a twelve month high of $50.57. The firm’s 50-day moving average price is $43.14 and its 200 day moving average price is $38.93.

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