TimesSquare Capital Management LLC Acquires 365,376 Shares of JFrog Ltd. (NASDAQ:FROG)

TimesSquare Capital Management LLC lifted its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,400,276 shares of the company's stock after acquiring an additional 365,376 shares during the period. JFrog comprises approximately 1.5% of TimesSquare Capital Management LLC's holdings, making the stock its 12th largest position. TimesSquare Capital Management LLC owned approximately 3.34% of JFrog worth $100,002,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in FROG. KBC Group NV boosted its holdings in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after purchasing an additional 1,105 shares during the period. West Tower Group LLC acquired a new stake in shares of JFrog during the third quarter worth approximately $116,000. SG Americas Securities LLC acquired a new stake in shares of JFrog during the fourth quarter worth approximately $193,000. US Bancorp DE boosted its holdings in shares of JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company's stock worth $194,000 after purchasing an additional 798 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in shares of JFrog during the fourth quarter worth approximately $204,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CTO Yoav Landman sold 15,000 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $30.26, for a total transaction of $453,900.00. Following the transaction, the chief technology officer now owns 6,582,242 shares of the company's stock, valued at approximately $199,178,642.92. The trade was a 0.23 % 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 Yossi Sela sold 14,300 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total transaction of $579,436.00. Following the transaction, the director now directly owns 306,277 shares in the company, valued at $12,410,344.04. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 437,580 shares of company stock valued at $14,803,200. 15.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on FROG. UBS Group raised their price target on shares of JFrog from $30.00 to $38.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Cantor Fitzgerald restated an "overweight" rating and set a $38.00 price target on shares of JFrog in a report on Wednesday, February 12th. Morgan Stanley raised their price target on shares of JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Needham & Company LLC lifted 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, Robert W. Baird lifted their target price on shares of JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $42.17.

JFrog Stock Performance

Shares of JFrog stock traded down $0.67 on Friday, reaching $38.53. The stock had a trading volume of 2,015,751 shares, compared to its average volume of 1,242,189. The business's 50-day moving average price is $33.73 and its two-hundred day moving average price is $30.83. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $46.65. The stock has a market cap of $3.93 billion, a P/E ratio of -61.16 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates 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 firm had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. As a group, equities analysts forecast that JFrog Ltd. will post -0.29 earnings per share for the current fiscal 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.