Fox Run Management L.L.C. Takes Position in JFrog Ltd. (NASDAQ:FROG)

Fox Run Management L.L.C. purchased a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,392 shares of the company's stock, valued at approximately $600,000.

Several other hedge funds have also recently added to or reduced their stakes in FROG. abrdn plc boosted its holdings in shares of JFrog by 4.1% during the fourth quarter. abrdn plc now owns 772,202 shares of the company's stock worth $22,784,000 after purchasing an additional 30,392 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in JFrog by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company's stock valued at $43,817,000 after purchasing an additional 159,483 shares in the last quarter. Peregrine Capital Management LLC increased its position in shares of JFrog by 11.9% during the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock worth $9,642,000 after acquiring an additional 34,900 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in JFrog by 12.0% during the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after purchasing an additional 365,376 shares during the last quarter. Finally, North Peak Capital Management LLC acquired a new stake in JFrog in the third quarter valued at $73,417,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Stock Performance

Shares of NASDAQ:FROG traded down $0.36 during trading hours on Friday, hitting $32.00. 1,381,366 shares of the company's stock traded hands, compared to its average volume of 1,149,714. The company's fifty day simple moving average is $35.61 and its two-hundred day simple moving average is $32.08. The company has a market cap of $3.26 billion, a price-to-earnings ratio of -50.79 and a beta of 0.95. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $45.94.

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JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). The business had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. On average, analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on FROG shares. Barclays raised their price objective on JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $38.00 price target on shares of JFrog in a report on Wednesday, February 12th. Canaccord Genuity Group increased their price objective on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Truist Financial lifted their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Needham & Company LLC increased their price target on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.06.

Insider Buying and Selling

In other JFrog news, Director Yossi Sela sold 14,300 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total transaction of $579,436.00. Following the completion of the sale, the director now directly owns 306,277 shares of the company's stock, valued at approximately $12,410,344.04. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the firm's stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total transaction of $560,445.75. Following the completion of the transaction, the chief executive officer now owns 4,884,584 shares of the company's stock, valued at approximately $154,010,933.52. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 439,104 shares of company stock worth $15,514,264 in the last three months. 15.70% of the stock is currently owned by insiders.

JFrog Profile

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.