Vestcor Inc Purchases 45,000 Shares of JFrog Ltd. (NASDAQ:FROG)

Vestcor Inc lifted its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 180.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,000 shares of the company's stock after buying an additional 45,000 shares during the period. Vestcor Inc owned about 0.07% of JFrog worth $2,033,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of FROG. Mackenzie Financial Corp boosted its holdings in JFrog by 7.0% during the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company's stock worth $219,000 after acquiring an additional 384 shares during the last quarter. George Kaiser Family Foundation boosted its holdings in JFrog by 0.7% during the second quarter. George Kaiser Family Foundation now owns 75,037 shares of the company's stock worth $2,818,000 after purchasing an additional 532 shares during the last quarter. Van ECK Associates Corp increased its stake in JFrog by 1.6% in the 3rd quarter. Van ECK Associates Corp now owns 37,229 shares of the company's stock valued at $1,093,000 after buying an additional 577 shares during the last quarter. US Bancorp DE lifted its position in shares of JFrog by 13.6% during the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company's stock worth $194,000 after buying an additional 798 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of JFrog in the 3rd quarter worth approximately $29,000. Institutional investors own 85.02% of the company's stock.

JFrog Trading Up 0.1 %

Shares of JFrog stock traded up $0.03 on Thursday, reaching $30.41. The stock had a trading volume of 923,044 shares, compared to its average volume of 1,237,881. The business's 50 day moving average is $30.45 and its two-hundred day moving average is $31.39. The company has a market cap of $3.10 billion, a P/E ratio of -57.32 and a beta of 0.94. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $48.81.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FROG. Robert W. Baird increased their price target on JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Truist Financial reiterated a "buy" rating and set a $35.00 target price (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Scotiabank increased their price target on shares of JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a research report on Friday, November 8th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $35.00 price objective on shares of JFrog in a research report on Tuesday, October 29th. Finally, Baird R W raised shares of JFrog to a "strong-buy" rating in a research report on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $37.72.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $30.46, for a total value of $1,066,100.00. Following the sale, the director now owns 4,479,432 shares of the company's stock, valued at $136,443,498.72. This trade represents a 0.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Yoav Landman sold 15,000 shares of the business's stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the transaction, the chief technology officer now directly owns 6,627,242 shares of the company's stock, valued at $185,562,776. The trade was a 0.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 256,921 shares of company stock worth $7,893,409 in the last three months. 15.70% of the stock is currently owned by corporate insiders.

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.