Bayforest Capital Ltd Has $94,000 Position in JFrog Ltd. $FROG

by · The Cerbat Gem

Bayforest Capital Ltd trimmed its stake in shares of JFrog Ltd. (NASDAQ:FROG – Free Report) by 34.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,136 shares of the company’s stock after selling 1,122 shares during the quarter. Bayforest Capital Ltd’s holdings in JFrog were worth $94,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its stake in shares of JFrog by 9.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 16,443 shares of the company’s stock worth $526,000 after buying an additional 1,355 shares during the last quarter. Lisanti Capital Growth LLC bought a new stake in JFrog during the 1st quarter worth $3,199,000. Summit Trail Advisors LLC increased its holdings in JFrog by 72.9% in the 1st quarter. Summit Trail Advisors LLC now owns 94,873 shares of the company’s stock worth $3,036,000 after purchasing an additional 40,000 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in JFrog by 115.6% in the 1st quarter. Teacher Retirement System of Texas now owns 49,487 shares of the company’s stock worth $1,584,000 after purchasing an additional 26,534 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in JFrog by 6.6% in the first quarter. Envestnet Asset Management Inc. now owns 197,055 shares of the company’s stock valued at $6,306,000 after purchasing an additional 12,269 shares during the last quarter. Institutional investors own 85.02% of the company’s stock.

Insider Buying and Selling at JFrog

In other news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $46.92, for a total value of $1,642,200.00. Following the completion of the sale, the director owned 4,084,903 shares in the company, valued at $191,663,648.76. The trade was a 0.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Yvonne Wassenaar sold 1,372 shares of the stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $49.90, for a total transaction of $68,462.80. Following the transaction, the director directly owned 30,679 shares in the company, valued at approximately $1,530,882.10. This represents a 4.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 480,120 shares of company stock valued at $23,018,027 over the last ninety days. Insiders own 14.10% of the company’s stock.

Analysts Set New Price Targets

FROG has been the subject of several recent research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price objective on shares of JFrog in a research note on Wednesday, September 10th. KeyCorp upped their price target on shares of JFrog from $52.00 to $57.00 and gave the company an “overweight” rating in a research report on Friday, September 12th. Barclays raised their price target on shares of JFrog from $45.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. boosted their price objective on shares of JFrog from $48.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Raymond James Financial raised their target price on JFrog from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Fifteen analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.13.

Get Our Latest Research Report on FROG

JFrog Stock Performance

Shares of NASDAQ FROG opened at $47.34 on Friday. The company’s 50 day moving average price is $47.69 and its 200-day moving average price is $42.04. JFrog Ltd. has a 52-week low of $27.00 and a 52-week high of $51.94. The company has a market capitalization of $5.53 billion, a P/E ratio of -61.48 and a beta of 1.05.

JFrog (NASDAQ:FROG – Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The business had revenue of $127.20 million during the quarter, compared to the consensus estimate of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. JFrog’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. JFrog has set its FY 2025 guidance at 0.680-0.70 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

JFrog Profile

(Free Report)

JFrog Ltd. provides end-to-end hybrid software supply chain platform in the United States, Israel, India, and internationally. The company offers JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages; JFrog Curation that functions as a guardian outside the software development pipeline, controlling the admission of packages into an organization, primarily from open source or public repositories; JFrog Xray, which scans JFrog Artifactory to secure all software packages; JFrog Advanced Security, an optional add-on for select JFrog subscriptions; and JFrog Distribution that provides software package distribution.

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