Bullseye Asset Management LLC Has $2.51 Million Holdings in JFrog Ltd. (NASDAQ:FROG)

Bullseye Asset Management LLC grew its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 17.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,450 shares of the company's stock after acquiring an additional 12,969 shares during the quarter. Bullseye Asset Management LLC owned 0.08% of JFrog worth $2,513,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of FROG. JPMorgan Chase & Co. lifted its position in shares of JFrog by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock worth $46,741,000 after acquiring an additional 80,432 shares during the period. abrdn plc lifted its position in JFrog by 4.1% in 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 period. Vanguard Group Inc. boosted its stake in JFrog by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after buying an additional 349,532 shares in the last quarter. Peregrine Capital Management LLC boosted its stake in 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 buying an additional 34,900 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in JFrog by 12.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after buying an additional 365,376 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on FROG. DA Davidson decreased their price target on JFrog from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th. Needham & Company LLC increased their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. KeyCorp restated an "overweight" rating and issued a $46.00 price target (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Finally, Barclays lifted their target price on shares of JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, JFrog presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.06.

JFrog Price Performance

Shares of FROG traded up $0.72 during midday trading on Friday, hitting $33.95. The stock had a trading volume of 569,916 shares, compared to its average volume of 1,145,604. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of -53.89 and a beta of 0.98. The company has a 50 day simple moving average of $33.39 and a two-hundred day simple moving average of $32.53. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.00.

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

Insider Activity at JFrog

In other news, Director Frederic Simon sold 20,000 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $28.66, for a total transaction of $573,200.00. Following the sale, the director now directly owns 4,354,432 shares in the company, valued at approximately $124,798,021.12. The trade was a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $36.73, for a total transaction of $652,875.75. Following the completion of the transaction, the chief executive officer now owns 4,866,809 shares of the company's stock, valued at approximately $178,757,894.57. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 429,104 shares of company stock valued at $15,084,429 in the last quarter. Insiders own 14.10% 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.