D.A. Davidson & CO. Reduces Stock Position in JFrog Ltd. $FROG

D.A. Davidson & CO. reduced its stake in JFrog Ltd. (NASDAQ:FROG) by 19.6% in the first quarter, Holdings Channel.com reports. The fund owned 31,975 shares of the company’s stock after selling 7,801 shares during the period. D.A. Davidson & CO.’s holdings in JFrog were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the stock. Millstone Evans Group LLC raised its stake in shares of JFrog by 242.6% during the 1st quarter. Millstone Evans Group LLC now owns 603 shares of the company’s stock valued at $28,000 after purchasing an additional 427 shares during the period. Blue Trust Inc. bought a new position in JFrog in the 4th quarter worth about $30,000. Farther Finance Advisors LLC boosted its stake in JFrog by 318.7% in the 4th quarter. Farther Finance Advisors LLC now owns 628 shares of the company’s stock worth $39,000 after purchasing an additional 478 shares during the period. Employees Retirement System of Texas purchased a new position in JFrog during the 4th quarter valued at about $44,000. Finally, First Horizon Corp purchased a new position in JFrog during the 4th quarter valued at about $47,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JFrog news, CRO Tali Notman sold 22,015 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $83.95, for a total value of $1,848,159.25. Following the completion of the transaction, the executive owned 706,629 shares of the company’s stock, valued at $59,321,504.55. The trade was a 3.02% decrease in their position. The transaction was disclosed in a filing 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 Barry Zwarenstein sold 1,250 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $84.35, for a total transaction of $105,437.50. Following the completion of the transaction, the director directly owned 32,937 shares in the company, valued at $2,778,235.95. The trade was a 3.66% 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. Insiders sold a total of 917,399 shares of company stock valued at $73,629,102 over the last three months. Corporate insiders own 11.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of JFrog from $80.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Guggenheim boosted their price objective on shares of JFrog from $80.00 to $105.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Bank of America boosted their price objective on shares of JFrog from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Monday, June 8th. BTIG Research upped their target price on shares of JFrog from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, KeyCorp increased their target price on shares of JFrog from $86.00 to $89.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Twenty-one research 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. According to data from MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and an average price target of $84.86.

JFrog Stock Down 4.3%

NASDAQ:FROG opened at $86.56 on Wednesday. The business’s 50-day moving average price is $82.51 and its two-hundred day moving average price is $61.12. JFrog Ltd. has a twelve month low of $34.05 and a twelve month high of $99.22. The stock has a market cap of $10.48 billion, a P/E ratio of -163.32 and a beta of 1.20.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. JFrog had a negative return on equity of 4.61% and a negative net margin of 10.93%.The firm had revenue of $153.98 million during the quarter, compared to the consensus estimate of $147.45 million. During the same quarter last year, the company posted $0.20 EPS. The company’s revenue for the quarter was up 25.8% on a year-over-year basis. JFrog has set its FY 2026 guidance at 0.930-0.970 EPS and its Q2 2026 guidance at 0.230-0.25 EPS. On average, equities research analysts expect that JFrog Ltd. will post -0.15 EPS for the current fiscal year.

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.