Cannon Global Investment Management LLC Invests $662,000 in JFrog Ltd. $FROG

Cannon Global Investment Management LLC purchased a new stake in shares of JFrog Ltd. (NASDAQ:FROG) in the first quarter, Holdings Channel.com reports. The firm purchased 14,100 shares of the company’s stock, valued at approximately $662,000. JFrog accounts for about 1.3% of Cannon Global Investment Management LLC’s holdings, making the stock its 25th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Hsbc Holdings PLC bought a new stake in shares of JFrog in the fourth quarter valued at $678,000. Rockefeller Capital Management L.P. increased its holdings in JFrog by 50.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 22,507 shares of the company’s stock worth $1,406,000 after acquiring an additional 7,498 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in JFrog by 12,566.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 760 shares of the company’s stock valued at $47,000 after acquiring an additional 754 shares during the period. Virtu Financial LLC raised its stake in JFrog by 59.7% in the 4th quarter. Virtu Financial LLC now owns 10,163 shares of the company’s stock valued at $635,000 after acquiring an additional 3,798 shares during the period. Finally, Invesco Ltd. lifted its holdings in JFrog by 6,868.3% during the fourth quarter. Invesco Ltd. now owns 2,104,071 shares of the company’s stock valued at $131,420,000 after purchasing an additional 2,073,876 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 93,072 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $84.60, for a total transaction of $7,873,891.20. Following the sale, the chief executive officer directly owned 4,658,236 shares in the company, valued at $394,086,765.60. This trade represents a 1.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederic Simon sold 120,000 shares of JFrog stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $85.84, for a total transaction of $10,300,800.00. Following the sale, the director owned 3,224,328 shares in the company, valued at approximately $276,776,315.52. The trade was a 3.59% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 805,700 shares of company stock worth $58,486,362. Company insiders own 11.80% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on FROG. Benchmark began coverage on shares of JFrog in a report on Thursday. They set a “buy” rating and a $100.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of JFrog in a research report on Monday, June 15th. Needham & Company LLC boosted their price objective on JFrog from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wall Street Zen downgraded JFrog from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Finally, Bank of America lifted their target price on JFrog from $85.00 to $100.00 and gave the company a “buy” rating in a report on Monday, June 8th. Twenty-one research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, JFrog has a consensus rating of “Moderate Buy” and an average target price of $81.62.

JFrog Price Performance

Shares of FROG opened at $87.50 on Friday. The company has a 50-day simple moving average of $68.73 and a two-hundred day simple moving average of $58.14. The firm has a market capitalization of $10.60 billion, a PE ratio of -165.09 and a beta of 1.23. JFrog Ltd. has a one year low of $34.05 and a one year high of $89.16.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. JFrog had a negative net margin of 10.93% and a negative return on equity of 4.61%. The business had revenue of $153.98 million for the quarter, compared to analysts’ expectations of $147.45 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The business’s revenue was up 25.8% compared to the same quarter last year. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. Analysts expect that JFrog Ltd. will post -0.15 EPS for the current fiscal year.

About JFrog

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.