JFROG LTD FROG
ORD SHS · Common Stock · CUSIP M6191J100
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 111.6m as of 2024-10-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $29.05. Options: 19 managers hold calls ($24.7m notional), 11 hold puts ($10.9m).
Trends to Q3 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 168 |
| Q4 2022 | 176 |
| Q1 2023 | 182 |
| Q2 2023 | 189 |
| Q3 2023 | 217 |
| Q4 2023 | 241 |
| Q1 2024 | 277 |
| Q2 2024 | 266 |
| Q3 2024 | 245 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 78 | 85 |
| Q1 2023 | 109 | 73 |
| Q2 2023 | 96 | 89 |
| Q3 2023 | 126 | 74 |
| Q4 2023 | 121 | 109 |
| Q1 2024 | 169 | 105 |
| Q2 2024 | 142 | 141 |
| Q3 2024 | 128 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $38.1m | $7.1m | 0.19 |
| Q1 2024 | $55.1m | $35.1m | 0.64 |
| Q2 2024 | $30.1m | $12.4m | 0.41 |
| Q3 2024 | $24.7m | $10.9m | 0.44 |
Biggest buyers
| North Peak Capital Management, LLC | New | +2.5m |
| Jericho Capital Asset Management L.P. | New | +2.5m |
| TimesSquare Capital Management, LLC | Added | +1.6m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | New | +1.1m |
| MACKENZIE FINANCIAL CORP | Added | +1.0m |
| Trigran Investments, Inc. | New | +831.2k |
| Hood River Capital Management LLC | New | +703.4k |
| Daventry Group, LP | New | +691.3k |
| Thrivent Financial for Lutherans | Added | +593.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +532.2k |
Biggest sellers
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -2.0m |
| LORD, ABBETT & CO. LLC | Sold out | -1.8m |
| Invesco Ltd. | Reduced | -1.7m |
| AMERICAN CENTURY COMPANIES INC | Sold out | -1.3m |
| FMR LLC | Reduced | -1.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Sold out | -962.4k |
| 1832 Asset Management L.P. | Sold out | -596.1k |
| Allspring Global Investments Holdings, LLC | Sold out | -513.9k |
| EAGLE ASSET MANAGEMENT INC | Sold out | -495.8k |
| LOOMIS SAYLES & CO L P | Sold out | -484.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $5.0m171.1k shares |
| BARCLAYS PLC | New | $4.4m150.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.2m144.5k shares |
| JANE STREET GROUP, LLC | Added | $2.0m69.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $1.7m58.3k shares |
| IMC-Chicago, LLC | Added | $1.2m42.4k shares |
| WOLVERINE TRADING, LLC | New | $994.8k34.0k shares |
| GROUP ONE TRADING LLC | Added | $949.6k32.7k shares |
| Caption Management, LLC | New | $871.2k30.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $842.0k29.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $3.5m119.3k shares |
| PEAK6 Investments LLC | Added | $2.6m89.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.9m66.5k shares |
| GROUP ONE TRADING LLC | Added | $984.5k33.9k shares |
| IMC-Chicago, LLC | Reduced | $583.7k20.1k shares |
| JANE STREET GROUP, LLC | Added | $534.3k18.4k shares |
| WOLVERINE TRADING, LLC | New | $286.7k9.8k shares |
| SIMPLEX TRADING, LLC | Added | $284.0k9.8k shares |
| Walleye Trading LLC | Added | $151.0k5.2k shares |
| Walleye Capital LLC | Reduced | $110.4k3.8k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution new · filed 2026-07-28 | 6.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales in Q3 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2022 | 0 | — | 6 | $7.5m | — |
| Q1 2023 | 0 | — | 6 | $6.1m | — |
| Q2 2023 | 0 | — | 7 | $56.5m | $1.5m |
| Q3 2023 | 0 | — | 7 | $15.8m | $2.6m |
| Q4 2023 | 0 | — | 6 | $19.3m | $4.9m |
| Q1 2024 | 0 | — | 7 | $30.8m | $18.1m |
| Q2 2024 | 0 | — | 5 | $13.2m | $11.3m |
| Q3 2024 | 0 | — | 5 | $6.6m | $5.7m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-09-13 | Landman Yoav CHIEF TECHNOLOGY OFFICER, director | Sold plan | $420.0k15.0k shares |
| 2024-09-09 | Notman Tali CHIEF REVENUE OFFICER | Sold plan | $302.7k10.7k shares |
| 2024-09-06 | Shlomi Ben Haim CHIEF EXECUTIVE OFFICER, director | Sold plan | $471.5k16.7k shares |
| 2024-09-03 | Shlomi Ben Haim CHIEF EXECUTIVE OFFICER, director | Sold | $557.6k20.6k shares |
| 2024-09-03 | Notman Tali CHIEF REVENUE OFFICER | Sold | $314.5k11.6k shares |
| 2024-09-03 | Grabscheid Eduard CHIEF FINANCIAL OFFICER | Sold | $22.8k841 shares |
| 2024-08-09 | Landman Yoav CHIEF TECHNOLOGY OFFICER, director | Sold plan | $385.1k15.0k shares |
| 2024-08-01 | Notman Tali CHIEF REVENUE OFFICER | Sold plan | $1.1m30.0k shares |
| 2024-07-23 | Simon Frederic Director | Sold plan | $1.4m35.0k shares |
| 2024-07-15 | Landman Yoav CHIEF TECHNOLOGY OFFICER, director | Sold plan | $930.7k25.0k shares |
| 2024-07-12 | Landman Yoav CHIEF TECHNOLOGY OFFICER, director | Sold plan | $545.9k15.0k shares |
| 2024-07-01 | Notman Tali CHIEF REVENUE OFFICER | Sold plan | $220.6k5.9k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 8.5m $246.5m | Added +504.4k |
| Optimus Prime Fund Management Co., Ltd. 15.72% of their portfolio | 4.1m $120.4m | Added +260.0k |
| TimesSquare Capital Management, LLC 1.32% of their portfolio | 3.0m $88.1m | Added +1.6m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 3.0m $87.6m | Added +319.0k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 2.9m $85.5m | Reduced -139.9k |
| T. Rowe Price Investment Management, Inc. 0.05% of their portfolio | 2.8m $80.5m | Added +80.7k |
| Grandeur Peak Global Advisors, LLC 6.43% of their portfolio | 2.7m $77.6m | Added +360.0k |
| North Peak Capital Management, LLC 10.32% of their portfolio | 2.5m $73.4m | New |
| Jericho Capital Asset Management L.P. 1.75% of their portfolio | 2.5m $72.7m | New |
| Thrivent Financial for Lutherans 0.13% of their portfolio | 2.4m $69.0m | Added +593.5k |
| WASATCH ADVISORS LP 0.30% of their portfolio | 2.1m $62.2m | Added +124.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.8m $52.0m | Reduced -214.5k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 1.7m $50.3m | Added +63.6k |
| Cercano Management LLC 1.17% of their portfolio | 1.7m $49.0m | Added +84.3k |
| Champlain Investment Partners, LLC 0.29% of their portfolio | 1.6m $47.9m | Reduced -172.1k |
| Praesidium Investment Management Company, LLC 7.70% of their portfolio | 1.6m $45.9m | Added +407.5k |
| Fiera Capital Corp 0.14% of their portfolio | 1.5m $44.9m | Reduced -46.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 1.4m $41.8m | Added +514.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio | 1.4m $39.5m | Reduced -314.9k |
| BAILLIE GIFFORD & CO 0.03% of their portfolio | 1.2m $36.1m | Reduced -29.4k |
| NORGES BANK 0.00% of their portfolio | 1.1m $33.0m | Added +52.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.1m $32.4m | New |
| MACKENZIE FINANCIAL CORP 0.04% of their portfolio | 1.0m $29.9m | Added +1.0m |
| Clal Insurance Enterprises Holdings Ltd 0.26% of their portfolio | 1.0m $29.8m | Reduced -200.0k |
| LIGHT STREET CAPITAL MANAGEMENT, LLC 6.82% of their portfolio | 948.5k $27.5m | Added +336.5k |
| BlackRock, Inc. 0.00% of their portfolio | 928.2k $27.0m | First filing |
| Migdal Insurance & Financial Holdings Ltd. 0.42% of their portfolio | 894.0k $26.0m | Added +210.0k |
| MEITAV INVESTMENT HOUSE LTD 0.43% of their portfolio | 882.0k $25.6m | Added +5.4k |
| Trigran Investments, Inc. 2.64% of their portfolio | 831.2k $24.1m | New |
| VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio | 820.9k $23.8m | Reduced -2.0m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.06% of their portfolio | 806.8k $23.4m | Added +83.4k |
| Ensign Peak Advisors, Inc 0.04% of their portfolio | 783.0k $22.7m | Reduced -18.6k |
| Aberdeen Group plc 0.04% of their portfolio | 741.8k $21.5m | Added +63.8k |
| Hood River Capital Management LLC 0.33% of their portfolio | 703.4k $20.4m | New |
| Daventry Group, LP 7.98% of their portfolio | 691.3k $20.1m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 594.9k $17.3m | Added +238.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 532.2k $15.5m | New |
| MORGAN STANLEY 0.00% of their portfolio | 530.4k $15.4m | Added +175.7k |
| Ararat Capital Management LP 5.13% of their portfolio | 512.3k $14.9m | Reduced -22.1k |
| Legal & General Group Plc 0.00% of their portfolio | 509.0k $14.8m | Added +49.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 473.7k $13.8m | Added +149.0k |
| SCOPIA CAPITAL MANAGEMENT LP 2.67% of their portfolio | 444.9k $12.9m | New |
| ROYCE & ASSOCIATES LP 0.11% of their portfolio | 400.8k $11.6m | Reduced -52.0k |
| NewEdge Wealth, LLC 0.21% of their portfolio | 398.7k $11.6m | Added +29.5k |
| ASHFORD CAPITAL MANAGEMENT INC 1.38% of their portfolio | 381.5k $11.1m | Added +94.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 366.2k $10.6m | Reduced -115.4k |
| Granahan Investment Management, LLC 0.37% of their portfolio | 320.8k $9.3m | Added +53.6k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.06% of their portfolio | 313.0k $9.1m | Added +99.6k |
| Pier Capital, LLC 1.21% of their portfolio | 295.6k $8.6m | Added +47.7k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.26% of their portfolio | 292.9k $8.5m | Reduced -31.9k |
| BLAIR WILLIAM & CO/IL 0.02% of their portfolio | 281.1k $8.2m | Added +2.4k |
| Assenagon Asset Management S.A. 0.02% of their portfolio | 270.1k $7.8m | Added +95.0k |
| STATE STREET CORP 0.00% of their portfolio | 260.4k $7.6m | Added +10.6k |
| Flight Deck Capital, LP 8.81% of their portfolio | 259.5k $7.5m | Added +78.5k |
| HERALD INVESTMENT MANAGEMENT Ltd 1.25% of their portfolio | 250.0k $7.3m | Added +60.0k |
| CREDIT AGRICOLE S A 0.04% of their portfolio | 241.0k $7.0m | Reduced -39.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.03% of their portfolio | 231.8k $6.7m | Added +214.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 225.3k $6.5m | Added +8.7k |
| Point72 Asset Management, L.P. 0.02% of their portfolio | 223.3k $6.5m | New |
| SEGALL BRYANT & HAMILL, LLC 0.08% of their portfolio | 202.1k $5.9m | Reduced -8.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 201.9k $5.9m | Reduced -212.5k |
| Granite Investment Partners, LLC 0.25% of their portfolio | 197.9k $5.7m | Added +34.2k |
| CenterBook Partners LP 0.33% of their portfolio | 186.8k $5.4m | Added +31.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 186.0k $5.4m | Added +23.9k |
| Stanley-Laman Group, Ltd. 0.74% of their portfolio | 182.4k $5.3m | Reduced -27.8k |
| Swiss National Bank 0.00% of their portfolio | 179.9k $5.2m | Reduced -1.3k |
| Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD 0.42% of their portfolio | 174.4k $5.1m | Unchanged |
| KENNEDY CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 160.3k $4.7m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 155.5k $4.5m | Reduced -10.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 150.0k $4.4m | Added +44.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 149.2k $4.3m | Reduced -275.7k |
| Washington Harbour Partners LP 7.63% of their portfolio | 147.1k $4.3m | Added +33.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 143.6k $4.2m | Added +32.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 139.8k $4.1m | Added +12.2k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 138.6k $4.0m | Reduced -29.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 136.7k $4.0m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 135.6k $3.9m | Added +2.2k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 132.4k $3.8m | Reduced -822 |
| GILDER GAGNON HOWE & CO LLC 0.05% of their portfolio | 131.2k $3.8m | Reduced -3.0k |
| Prescott Group Capital Management, L.L.C. 0.55% of their portfolio | 130.0k $3.8m | Added +65.0k |
| THORNBURG INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 127.1k $3.7m | Reduced -2.9k |
| Crestline Management, L.P. 0.20% of their portfolio | 122.1k $3.5m | Added +66.0k |
| SPHERA FUNDS MANAGEMENT LTD. 0.57% of their portfolio | 120.4k $3.5m | Added +2.5k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.26% of their portfolio | 116.5k $3.4m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 110.0k $3.2m | Reduced -106.3k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 106.0k $3.1m | New |
| George Kaiser Family Foundation 0.46% of their portfolio | 102.9k $3.0m | Added +27.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 100.7k $2.9m | Added +12.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 100.0k $2.9m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 98.7k $2.9m | Reduced -172.2k |
| Y.D. More Investments Ltd 0.29% of their portfolio | 94.2k $2.7m | Added +54.2k |
| VELA Investment Management, LLC 0.92% of their portfolio | 92.5k $2.7m | Added +13.9k |
| Madison Asset Management, LLC 0.03% of their portfolio | 90.2k $2.6m | Reduced -26.8k |
| Roubaix Capital, LLC 1.43% of their portfolio | 89.4k $2.6m | Added +2.1k |
| PDT Partners, LLC 0.23% of their portfolio | 88.2k $2.6m | Added +2 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 86.7k $2.5m | Reduced -26.3k |
| Nishkama Capital, LLC 0.38% of their portfolio | 84.3k $2.4m | New |
| EXCHANGE TRADED CONCEPTS, LLC 0.06% of their portfolio | 81.8k $2.4m | Added +9.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 80.5k $2.3m | Reduced -2.7k |
| Tidal Investments LLC 0.03% of their portfolio | 79.3k $2.3m | Added +3.5k |