Hood River Capital Management LLC Increases Stake in JFrog Ltd. (NASDAQ:FROG)

Hood River Capital Management LLC grew its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 72.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,213,862 shares of the company's stock after buying an additional 510,467 shares during the period. Hood River Capital Management LLC owned 1.19% of JFrog worth $35,700,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its position in shares of JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after buying an additional 5,297 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of JFrog by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock valued at $52,509,000 after acquiring an additional 53,622 shares during the last quarter. Champlain Investment Partners LLC boosted its position in shares of JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after acquiring an additional 797,949 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of JFrog by 36.1% in the fourth quarter. Marshall Wace LLP now owns 11,838 shares of the company's stock valued at $348,000 after purchasing an additional 3,138 shares in the last quarter. Finally, Wasatch Advisors LP increased its position in JFrog by 3.3% in the fourth quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock worth $65,028,000 after purchasing an additional 70,204 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

Insider Activity

In other JFrog news, Director Frederic Simon sold 20,000 shares of the firm's 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 transaction, the director now directly owns 4,354,432 shares of the company's stock, valued at $124,798,021.12. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eduard Grabscheid sold 2,152 shares of JFrog stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $75,320.00. Following the completion of the transaction, the chief financial officer now owns 93,597 shares of the company's stock, valued at approximately $3,275,895. The trade was a 2.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 429,104 shares of company stock worth $15,084,429. 15.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

FROG has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. Morgan Stanley dropped their target price on JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. KeyCorp reaffirmed an "overweight" rating and set a $46.00 target price (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Stifel Nicolaus raised their price target on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, DA Davidson cut their price objective on JFrog from $50.00 to $40.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, JFrog presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.71.

JFrog Price Performance

FROG stock opened at $30.61 on Wednesday. The company's 50 day simple moving average is $33.84 and its 200-day simple moving average is $32.40. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.00. The firm has a market capitalization of $3.51 billion, a PE ratio of -48.59 and a beta of 0.98.

JFrog (NASDAQ:FROG - Get Free Report) last posted 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 analysts' expectations 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, sell-side analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.