JFrog Ltd. (NASDAQ:FROG) Shares Bought by Ashford Capital Management Inc.

Ashford Capital Management Inc. boosted its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 33.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 381,470 shares of the company's stock after purchasing an additional 94,840 shares during the period. JFrog comprises 1.4% of Ashford Capital Management Inc.'s portfolio, making the stock its 29th largest holding. Ashford Capital Management Inc. owned about 0.37% of JFrog worth $11,078,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FROG. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog in the third quarter worth $29,000. West Tower Group LLC purchased a new stake in shares of JFrog in the 3rd quarter worth $116,000. SG Americas Securities LLC bought a new position in JFrog in the 2nd quarter worth $187,000. Sanctuary Advisors LLC purchased a new position in JFrog during the second quarter valued at $188,000. Finally, US Bancorp DE grew its holdings in JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company's stock valued at $194,000 after purchasing an additional 798 shares during the period. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Stock Down 2.2 %

FROG stock traded down $0.67 during trading on Tuesday, hitting $30.26. 573,776 shares of the company's stock traded hands, compared to its average volume of 1,240,807. The business has a fifty day simple moving average of $30.36 and a two-hundred day simple moving average of $31.42. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81. The firm has a market capitalization of $3.08 billion, a P/E ratio of -58.36 and a beta of 0.94.

Analysts Set New Price Targets

A number of research firms have recently weighed in on FROG. KeyCorp lifted their price objective on JFrog from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Thursday, September 12th. Scotiabank increased their price target on JFrog from $25.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Friday, November 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $35.00 price objective on shares of JFrog in a report on Tuesday, October 29th. DA Davidson reissued a "buy" rating and issued a $40.00 target price on shares of JFrog in a report on Monday, October 14th. Finally, Needham & Company LLC raised their target price on shares of JFrog from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $37.72.

Insider Buying and Selling at JFrog

In related news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $31.93, for a total value of $567,555.75. Following the transaction, the chief executive officer now owns 4,957,454 shares in the company, valued at approximately $158,291,506.22. This represents a 0.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yoav Landman sold 15,000 shares of the company's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,627,242 shares in the company, valued at approximately $185,562,776. The trade was a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 221,921 shares of company stock worth $6,827,309 over the last three months. Corporate insiders own 15.70% of the company's stock.

JFrog Company 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.