Massachusetts Financial Services Co. MA Grows Position in JFrog Ltd. (NASDAQ:FROG)

Massachusetts Financial Services Co. MA raised its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,124,663 shares of the company's stock after purchasing an additional 8,915 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.10% of JFrog worth $33,076,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of JFrog in the fourth quarter valued at $32,878,000. Raymond James Financial Inc. bought a new position in JFrog in the 4th quarter worth about $30,554,000. Principal Financial Group Inc. grew its holdings in JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock valued at $41,757,000 after buying an additional 514,895 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after buying an additional 365,376 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of JFrog by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after buying an additional 349,532 shares in the last quarter. Institutional investors own 85.02% of the company's stock.

Insider Transactions at JFrog

In other JFrog news, CRO Tali Notman sold 75,635 shares of the business's stock in a transaction on 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 transaction, the executive now directly owns 582,394 shares of the company's stock, valued at approximately $20,383,790. The trade was a 11.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the firm's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $30.04, for a total transaction of $533,961.00. Following the completion of the sale, the chief executive officer now directly owns 4,929,755 shares of the company's stock, valued at approximately $148,089,840.20. This represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 444,104 shares of company stock worth $15,587,729. Company insiders own 15.70% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Barclays upped their price target on shares of JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Stifel Nicolaus lifted 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. Cantor Fitzgerald restated an "overweight" rating and set a $38.00 target price on shares of JFrog in a research report on Wednesday, February 12th. Finally, Needham & Company LLC lifted their price target on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $41.00.

JFrog Stock Performance

NASDAQ:FROG traded up $0.62 during trading hours on Friday, reaching $31.01. The company's stock had a trading volume of 670,147 shares, compared to its average volume of 1,151,320. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of -49.22 and a beta of 0.98. The firm has a 50-day simple moving average of $34.59 and a 200-day simple moving average of $32.28. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $43.00.

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 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%. Equities analysts anticipate that JFrog Ltd. will post -0.33 earnings per share 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.