JFrog Ltd. (NASDAQ:FROG) Shares Purchased by CenterBook Partners LP

CenterBook Partners LP raised its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 199,688 shares of the company's stock after purchasing an additional 12,863 shares during the quarter. CenterBook Partners LP owned 0.20% of JFrog worth $5,873,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in JFrog by 5.3% in the 4th quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock valued at $46,741,000 after buying an additional 80,432 shares during the last quarter. abrdn plc boosted its holdings in JFrog by 4.1% in the 4th quarter. abrdn plc now owns 772,202 shares of the company's stock valued at $22,784,000 after purchasing an additional 30,392 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of JFrog by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock valued at $259,882,000 after buying an additional 349,532 shares during the period. Peregrine Capital Management LLC boosted its stake in shares of JFrog by 11.9% in the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock valued at $9,642,000 after buying an additional 34,900 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock worth $100,002,000 after acquiring an additional 365,376 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Trading Up 0.9 %

FROG traded up $0.28 during midday trading on Monday, hitting $31.29. The company's stock had a trading volume of 199,200 shares, compared to its average volume of 1,148,166. The firm has a market cap of $3.58 billion, a P/E ratio of -49.67 and a beta of 0.98. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.00. The firm has a 50-day moving average price of $34.59 and a two-hundred day moving average price of $32.30.

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

Insider Buying and Selling

In other news, Director Frederic Simon sold 20,000 shares of the company's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $28.66, for a total value of $573,200.00. Following the completion of the sale, the director now owns 4,354,432 shares of the company's stock, valued at $124,798,021.12. This represents a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the firm's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $30.04, for a total value of $533,961.00. Following the sale, the chief executive officer now owns 4,929,755 shares in the company, valued at approximately $148,089,840.20. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 444,104 shares of company stock valued at $15,587,729. 15.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FROG. KeyCorp reaffirmed an "overweight" rating and set a $46.00 price target (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Barclays increased their target price on shares of JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. Stifel Nicolaus raised their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Morgan Stanley boosted their target price on JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.00.

About JFrog

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.