JFrog Ltd. $FROG Stock Purchased by Congress Asset Management Co.

Congress Asset Management Co. increased its holdings in JFrog Ltd. (NASDAQ:FROG) by 14.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,420,301 shares of the company’s stock after acquiring an additional 178,310 shares during the quarter. JFrog accounts for 0.9% of Congress Asset Management Co.’s portfolio, making the stock its 27th largest position. Congress Asset Management Co.’s holdings in JFrog were worth $137,826,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Summit Partners Public Asset Management LLC grew its position in shares of JFrog by 77.8% during the 4th quarter. Summit Partners Public Asset Management LLC now owns 1,587,525 shares of the company’s stock valued at $99,157,000 after acquiring an additional 694,700 shares during the period. Wellington Management Group LLP purchased a new stake in JFrog in the second quarter worth about $69,951,000. American Capital Management Inc. bought a new position in shares of JFrog in the second quarter worth about $1,225,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of JFrog during the 2nd quarter valued at about $1,427,000. Finally, Sei Investments Co. grew its stake in shares of JFrog by 169.0% during the 1st quarter. Sei Investments Co. now owns 468,861 shares of the company’s stock valued at $22,004,000 after acquiring an additional 294,547 shares during the period. 85.02% of the stock is currently owned by institutional investors.

Insider Activity at JFrog

In other news, Director Frederic Simon sold 120,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $93.21, for a total transaction of $11,185,200.00. Following the transaction, the director directly owned 2,864,328 shares of the company’s stock, valued at approximately $266,984,012.88. This trade represents a 4.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CRO Tali Notman sold 19,157 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $90.51, for a total value of $1,733,900.07. Following the completion of the sale, the executive owned 687,472 shares of the company’s stock, valued at $62,223,090.72. The trade was a 2.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 915,453 shares of company stock valued at $86,152,716 over the last 90 days. 11.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on FROG shares. Citigroup reaffirmed a “buy” rating on shares of JFrog in a report on Monday, June 8th. UBS Group lifted their target price on JFrog from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Cantor Fitzgerald upped their price target on JFrog from $80.00 to $100.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. DA Davidson reaffirmed a “buy” rating and set a $115.00 price objective on shares of JFrog in a report on Friday, September 4th. Finally, Morgan Stanley set a $100.00 target price on JFrog in a report on Friday, August 7th. Twenty-one investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $109.48.

JFrog Stock Up 0.7%

JFrog stock traded up $0.65 during midday trading on Tuesday, reaching $98.51. The stock had a trading volume of 1,094,996 shares, compared to its average volume of 2,778,717. JFrog Ltd. has a 52-week low of $34.05 and a 52-week high of $105.76. The firm has a market cap of $12.15 billion, a price-to-earnings ratio of -266.24 and a beta of 1.24. The company has a fifty day moving average of $90.22 and a 200 day moving average of $75.97.

JFrog (NASDAQ:FROG) last announced its earnings results on Thursday, August 6th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.03. JFrog had a negative return on equity of 2.71% and a negative net margin of 7.35%.The business had revenue of $163.77 million during the quarter, compared to analyst estimates of $155.63 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. JFrog has set its Q3 2026 guidance at 0.220-0.240 EPS and its FY 2026 guidance at 0.960-1.000 EPS. Equities research analysts predict that JFrog Ltd. will post -0.11 EPS for the current year.

JFrog Profile

JFrog Ltd. develops a software supply chain platform that helps organizations build, manage, secure and distribute software across cloud, on-premises and hybrid environments. Its platform is designed to support DevOps and DevSecOps workflows by connecting software development, security and operations teams throughout the application lifecycle.

The company’s product portfolio includes JFrog Artifactory, a repository for storing and managing software packages and artifacts; JFrog Xray, which provides security and compliance analysis; and tools for software release automation, distribution, artifact curation and runtime protection.