Granite Investment Partners LLC Sells 17,274 Shares of JFrog Ltd. $FROG

Granite Investment Partners LLC reduced its stake in JFrog Ltd. (NASDAQ:FROG) by 13.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,049 shares of the company’s stock after selling 17,274 shares during the quarter. Granite Investment Partners LLC owned approximately 0.10% of JFrog worth $5,256,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of FROG. Arrowstreet Capital Limited Partnership lifted its position in shares of JFrog by 3,033.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 291,134 shares of the company’s stock valued at $12,775,000 after purchasing an additional 281,844 shares in the last quarter. Sound View Wealth Advisors Group LLC purchased a new stake in JFrog in the 2nd quarter valued at about $233,000. Federated Hermes Inc. purchased a new stake in JFrog in the 3rd quarter valued at about $6,697,000. Public Sector Pension Investment Board bought a new position in shares of JFrog during the 3rd quarter worth approximately $3,247,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in shares of JFrog by 5.4% in the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 976,812 shares of the company’s stock worth $42,863,000 after buying an additional 50,000 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 80,000 shares of the business’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $61.76, for a total transaction of $4,940,800.00. Following the sale, the director owned 3,867,786 shares of the company’s stock, valued at $238,874,463.36. The trade was a 2.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Yvonne Wassenaar sold 1,957 shares of the firm’s stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $58.70, for a total value of $114,875.90. Following the completion of the transaction, the director directly owned 20,495 shares of the company’s stock, valued at $1,203,056.50. The trade was a 8.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 407,814 shares of company stock worth $24,969,260 in the last three months. Insiders own 14.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Canaccord Genuity Group decreased their price target on JFrog from $75.00 to $66.00 and set a “buy” rating for the company in a research report on Friday, February 13th. TD Cowen lifted their target price on JFrog from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. boosted their price target on shares of JFrog from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Friday, November 7th. BTIG Research reduced their price target on shares of JFrog from $83.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $70.00 price objective (up previously from $55.00) on shares of JFrog in a research report on Friday, November 7th. Fifteen research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $65.94.

JFrog Stock Performance

Shares of JFrog stock opened at $37.75 on Monday. The stock has a market capitalization of $4.52 billion, a P/E ratio of -60.89 and a beta of 1.13. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $70.43. The stock’s 50-day simple moving average is $57.79 and its 200 day simple moving average is $53.88.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, February 12th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.03. JFrog had a negative net margin of 13.50% and a negative return on equity of 5.74%. The firm had revenue of $145.31 million during the quarter, compared to the consensus estimate of $138.09 million. During the same quarter last year, the company earned $0.19 earnings per share. The company’s revenue was up 25.2% on a year-over-year basis. JFrog has set its FY 2026 guidance at 0.880-0.920 EPS and its Q1 2026 guidance at 0.200-0.220 EPS. Equities research analysts forecast that JFrog Ltd. will post -0.33 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.