Connor Clark & Lunn Investment Management Ltd. Has $15.54 Million Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 127.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 528,260 shares of the company's stock after purchasing an additional 296,498 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.52% of JFrog worth $15,536,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in shares of JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after buying an additional 574 shares during the last quarter. KBC Group NV grew its holdings in JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after acquiring an additional 1,105 shares in the last quarter. West Tower Group LLC bought a new stake in shares of JFrog in the 3rd quarter worth about $116,000. BankPlus Trust Department acquired a new stake in shares of JFrog in the 4th quarter valued at about $131,000. Finally, SG Americas Securities LLC bought a new position in shares of JFrog during the fourth quarter worth about $193,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Trading Up 2.3 %

FROG traded up $0.77 during trading hours on Monday, hitting $34.35. The company's stock had a trading volume of 447,274 shares, compared to its average volume of 1,131,120. The company has a 50-day simple moving average of $35.23 and a 200 day simple moving average of $31.72. The firm has a market capitalization of $3.50 billion, a PE ratio of -54.52 and a beta of 0.95. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $46.65.

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JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS 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 analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. Research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on FROG. KeyCorp reissued an "overweight" rating and issued a $46.00 price objective (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Barclays boosted their price target on JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Morgan Stanley raised their price objective on JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Needham & Company LLC boosted their target price on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group raised their price target on shares of JFrog from $38.00 to $45.00 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 given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

Insider Transactions at JFrog

In other news, CRO Tali Notman sold 75,635 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $2,647,225.00. Following the completion of the transaction, the executive now owns 582,394 shares in the company, valued at approximately $20,383,790. This trade represents a 11.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now owns 4,884,584 shares in the company, valued at $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. In the last three months, insiders sold 439,104 shares of company stock valued at $15,514,264. Company insiders own 15.70% of the company's stock.

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.