William Blair Investment Management LLC Increases Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

William Blair Investment Management LLC increased its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 876,440 shares of the company's stock after purchasing an additional 69,627 shares during the period. William Blair Investment Management LLC owned 0.86% of JFrog worth $25,776,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FROG. Jones Financial Companies Lllp grew its stake in 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 purchasing an additional 574 shares during the period. West Tower Group LLC purchased a new stake in shares of JFrog in the third quarter worth $116,000. KBC Group NV grew its stake in shares of JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after acquiring an additional 1,105 shares during the last quarter. BankPlus Trust Department purchased a new stake in shares of JFrog in the fourth quarter worth $131,000. Finally, SG Americas Securities LLC purchased a new stake in shares of JFrog in the fourth quarter worth $193,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the firm'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 value of $560,445.75. Following the completion of the sale, the chief executive officer now directly owns 4,884,584 shares of the company's stock, valued at $154,010,933.52. This trade represents a 0.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $33.48, for a total value of $1,171,800.00. Following the completion of the transaction, the director now owns 4,374,432 shares in the company, valued at $146,455,983.36. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 439,104 shares of company stock worth $15,514,264. 15.70% of the stock is owned by corporate insiders.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FROG shares. Morgan Stanley increased their target price on JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. KeyCorp reissued an "overweight" rating and issued a $46.00 target price (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Canaccord Genuity Group increased their target price on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 price target on shares of JFrog in a report on Wednesday, February 12th. Finally, Barclays upped 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. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, JFrog currently has a consensus rating of "Moderate Buy" and an average target price of $41.06.

JFrog Price Performance

Shares of NASDAQ:FROG traded up $0.11 during trading on Friday, hitting $33.98. 597,763 shares of the company's stock were exchanged, compared to its average volume of 1,120,144. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.94. The business's 50-day simple moving average is $35.50 and its 200 day simple moving average is $31.88. The company has a market cap of $3.46 billion, a price-to-earnings ratio of -53.94 and a beta of 0.95.

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 the consensus estimate of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million for the quarter, compared to analysts' expectations of $114.16 million. On average, sell-side analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

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.