Geode Capital Management LLC Purchases 7,839 Shares of JFrog Ltd. (NASDAQ:FROG)

Geode Capital Management LLC lifted its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 5.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 143,481 shares of the company's stock after buying an additional 7,839 shares during the period. Geode Capital Management LLC owned approximately 0.14% of JFrog worth $4,220,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. US Bancorp DE lifted its stake in JFrog by 7.7% during the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after buying an additional 512 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares during the period. Arizona State Retirement System grew its position in JFrog by 2.6% during the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock worth $800,000 after purchasing an additional 682 shares in the last quarter. Blair William & Co. IL raised its stake in JFrog by 0.3% during the 4th quarter. Blair William & Co. IL now owns 282,084 shares of the company's stock valued at $8,296,000 after purchasing an additional 968 shares during the period. Finally, KBC Group NV lifted its holdings in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after purchasing an additional 1,105 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Stock Performance

Shares of JFrog stock traded up $0.29 on Tuesday, reaching $33.28. The stock had a trading volume of 1,449,643 shares, compared to its average volume of 1,148,777. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $43.00. The business's 50-day moving average price is $33.25 and its two-hundred day moving average price is $32.55. The stock has a market cap of $3.81 billion, a P/E ratio of -52.83 and a beta of 0.98.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly 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 firm had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, equities analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

FROG has been the topic of several recent analyst reports. Scotiabank dropped their price target on JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. DA Davidson lowered their price objective on shares of JFrog from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stifel Nicolaus lifted their target price on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Morgan Stanley dropped their price target on shares of JFrog from $44.00 to $39.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $38.00 price objective on shares of JFrog in a research report on Wednesday, February 12th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.06.

Insiders Place Their Bets

In related news, CTO Yoav Landman sold 15,889 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $36.15, for a total transaction of $574,387.35. Following the transaction, the chief technology officer now owns 6,547,242 shares of the company's stock, valued at approximately $236,682,798.30. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frederic Simon sold 20,000 shares of the stock in a transaction on Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total transaction of $573,200.00. Following the completion of the sale, the director now directly owns 4,354,432 shares of the company's stock, valued at approximately $124,798,021.12. This trade represents a 0.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 347,206 shares of company stock valued at $12,213,601 in the last three months. Company 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.