Teacher Retirement System of Texas Increases Stake in JFrog Ltd. $FROG

Teacher Retirement System of Texas increased its position in shares of JFrog Ltd. (NASDAQ:FROG) by 47.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,968 shares of the company’s stock after purchasing an additional 18,692 shares during the period. Teacher Retirement System of Texas’ holdings in JFrog were worth $2,744,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FROG. Wasatch Advisors LP lifted its stake in JFrog by 3.0% in the second quarter. Wasatch Advisors LP now owns 2,557,603 shares of the company’s stock worth $112,228,000 after purchasing an additional 74,153 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of JFrog by 3.0% in the second quarter. JPMorgan Chase & Co. now owns 1,903,396 shares of the company’s stock worth $83,521,000 after buying an additional 56,213 shares during the period. Ensign Peak Advisors Inc lifted its stake in shares of JFrog by 15.4% during the 2nd quarter. Ensign Peak Advisors Inc now owns 1,504,950 shares of the company’s stock worth $66,037,000 after acquiring an additional 200,995 shares during the last quarter. Bank of America Corp DE boosted its holdings in JFrog by 0.4% during the 2nd quarter. Bank of America Corp DE now owns 1,437,352 shares of the company’s stock valued at $63,071,000 after acquiring an additional 6,161 shares during the period. Finally, Norges Bank purchased a new position in JFrog during the 2nd quarter valued at $50,968,000. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Performance

NASDAQ:FROG opened at $55.43 on Friday. JFrog Ltd. has a one year low of $27.00 and a one year high of $70.43. The firm has a market cap of $6.56 billion, a P/E ratio of -79.19 and a beta of 1.13. The firm has a 50-day simple moving average of $62.01 and a 200-day simple moving average of $52.79.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.06. The firm had revenue of $136.91 million for the quarter, compared to the consensus estimate of $128.28 million. JFrog had a negative net margin of 15.88% and a negative return on equity of 6.69%. The company’s quarterly revenue was up 25.5% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.780-0.800 EPS and its Q4 2025 guidance at 0.180-0.200 EPS. On average, research analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FROG has been the subject of several research analyst reports. Needham & Company LLC lifted their target price on JFrog from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Wall Street Zen raised shares of JFrog from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. TD Cowen reiterated a “buy” rating on shares of JFrog in a report on Friday, October 17th. BTIG Research assumed coverage on shares of JFrog in a research report on Tuesday, December 16th. They issued a “buy” rating and a $83.00 price objective for the company. Finally, Truist Financial reaffirmed a “buy” rating and set a $70.00 target price (up from $55.00) on shares of JFrog in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.71.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 70,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $69.22, for a total transaction of $4,845,400.00. Following the completion of the sale, the chief technology officer directly owned 5,958,641 shares in the company, valued at $412,457,130.02. This represents a 1.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Frederic Simon sold 100,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $58.84, for a total value of $5,884,000.00. Following the sale, the director directly owned 3,984,903 shares in the company, valued at approximately $234,471,692.52. The trade was a 2.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 497,814 shares of company stock worth $30,245,410. Company insiders own 14.10% of the company’s stock.

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.