Saba Capital Management L.P. Makes New Investment in JFrog Ltd. $FROG

Saba Capital Management L.P. purchased a new position in shares of JFrog Ltd. (NASDAQ:FROG) in the first quarter, according to its most recent filing with the SEC. The firm purchased 38,281 shares of the company’s stock, valued at approximately $1,797,000.

Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in shares of JFrog by 48.4% in the 1st quarter. Royal Bank of Canada now owns 189,148 shares of the company’s stock valued at $6,053,000 after purchasing an additional 61,685 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in JFrog during the first quarter worth approximately $205,000. AQR Capital Management LLC acquired a new stake in JFrog during the first quarter worth approximately $368,000. Integrated Wealth Concepts LLC bought a new stake in JFrog in the first quarter worth approximately $203,000. Finally, Goldman Sachs Group Inc. increased its holdings in JFrog by 14.7% in the first quarter. Goldman Sachs Group Inc. now owns 692,909 shares of the company’s stock worth $22,173,000 after purchasing an additional 88,784 shares in the last quarter. 85.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on FROG. KeyCorp boosted their price target on JFrog from $86.00 to $89.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. DA Davidson set a $90.00 price objective on shares of JFrog in a research report on Friday, May 8th. Raymond James Financial reiterated an “outperform” rating on shares of JFrog in a research note on Wednesday, July 22nd. Cantor Fitzgerald reiterated an “overweight” rating on shares of JFrog in a research report on Monday, June 15th. Finally, Stifel Nicolaus increased their target price on shares of JFrog from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Twenty-one investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $87.90.

Insider Transactions at JFrog

In other JFrog news, CTO Yoav Landman sold 150,000 shares of the business’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $89.99, for a total transaction of $13,498,500.00. Following the completion of the sale, the chief technology officer owned 5,539,038 shares in the company, valued at approximately $498,458,029.62. The trade was a 2.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Frederic Simon sold 120,000 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $276,776,315.52. This trade represents a 3.59% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 917,399 shares of company stock valued at $73,629,102 over the last ninety days. 11.80% of the stock is owned by company insiders.

JFrog Stock Performance

FROG stock opened at $81.23 on Tuesday. The stock’s 50 day simple moving average is $83.69 and its 200 day simple moving average is $61.70. JFrog Ltd. has a fifty-two week low of $34.05 and a fifty-two week high of $99.22. The company has a market cap of $9.84 billion, a P/E ratio of -153.26 and a beta of 1.20.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $153.98 million for the quarter, compared to analyst estimates of $147.45 million. During the same quarter in the prior year, the company earned $0.20 earnings per share. The company’s quarterly revenue 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. Equities analysts predict that JFrog Ltd. will post -0.15 earnings per share for the current 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.