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Wasatch Small Cap Growth Strategy highlights JFrog after AI jitters
JFrog shares closed at $80.16 on July 24, 2026, and the strategy cited it as the top contributor to Q2 performance.
Wasatch Global Investors highlighted JFrog Ltd. (NASDAQ: FROG) in its Q2 2026 investor letter for the Wasatch Small Cap Growth Strategy, pointing to the software company as a top contributor to strategy performance.
The letter said small-cap equities posted strong gains in the quarter, largely driven by companies linked to artificial intelligence, but that leadership in the AI area remained narrow. It also noted that unprofitable firms and those benefiting from fast AI-driven demand performed well, which left the strategy trailing the Russell 2000 Growth Index, which gained 25.7%.
Wasatch said JFrog had been caught in a broader selloff of software stocks earlier due to concerns about how AI could affect the industry, but it argued that JFrog’s business model has moats. It described JFrog’s software supply chain platform as tools including package repositories, continuous-delivery pipelines, and security scanning to manage, build, and secure software delivery.
The article also provided recent trading context for JFrog: it closed at $80.16 per share on July 24, 2026. It reported a one-month return of -11.0%, a 52-week gain of 88.0%, and a market capitalization of $9.7 billion.
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