JFrog Ltd. (NASDAQ:FROG) Shares Purchased by George Kaiser Family Foundation

George Kaiser Family Foundation raised its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 37.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,858 shares of the company's stock after buying an additional 27,821 shares during the period. JFrog comprises approximately 0.5% of George Kaiser Family Foundation's investment portfolio, making the stock its 10th biggest holding. George Kaiser Family Foundation owned approximately 0.10% of JFrog worth $2,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its stake in JFrog by 33.3% in the third quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company's stock valued at $68,969,000 after buying an additional 593,478 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its position in shares of JFrog by 30.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company's stock valued at $25,963,000 after purchasing an additional 210,000 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock valued at $88,133,000 after purchasing an additional 1,617,551 shares during the last quarter. Assetmark Inc. grew its position in shares of JFrog by 13.8% in the third quarter. Assetmark Inc. now owns 58,105 shares of the company's stock valued at $1,687,000 after purchasing an additional 7,049 shares during the last quarter. Finally, Olympiad Research LP acquired a new position in shares of JFrog in the third quarter valued at approximately $229,000. Institutional investors own 85.02% of the company's stock.

JFrog Stock Performance

Shares of FROG traded down $0.20 during trading hours on Tuesday, reaching $29.96. The stock had a trading volume of 856,453 shares, compared to its average volume of 1,268,840. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81. The stock has a market capitalization of $3.05 billion, a PE ratio of -56.53 and a beta of 0.93. The company's 50-day moving average is $29.55 and its two-hundred day moving average is $31.82.

Insider Buying and Selling

In related news, CEO Ben Haim Shlomi sold 20,606 shares of the firm's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total transaction of $557,598.36. Following the completion of the transaction, the chief executive officer now directly owns 5,027,493 shares of the company's stock, valued at $136,043,960.58. This trade represents a 0.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Tali Notman sold 11,621 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $314,464.26. Following the sale, the executive now owns 547,413 shares of the company's stock, valued at approximately $14,812,995.78. The trade was a 2.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 178,806 shares of company stock valued at $5,265,902 in the last three months. Insiders own 15.70% of the company's stock.

Analyst Ratings Changes

FROG has been the topic of several research reports. Bank of America decreased their target price on JFrog from $54.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. UBS Group upped their target price on JFrog from $30.00 to $38.00 and gave the company a "buy" rating in a research report on Friday, November 8th. TD Cowen upped their target price on JFrog from $32.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Needham & Company LLC upped their target price on JFrog from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Finally, DA Davidson reissued a "buy" rating and set a $40.00 price target on shares of JFrog in a research report on Monday, October 14th. Three investment 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 company's stock. According to MarketBeat, JFrog currently has an average rating of "Moderate Buy" and a consensus target price of $37.72.

JFrog 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.