JFrog Ltd. (NASDAQ:FROG) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 11.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,508,852 shares of the company's stock after purchasing an additional 159,483 shares during the period. JPMorgan Chase & Co. owned approximately 1.48% of JFrog worth $43,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Mackenzie Financial Corp increased its stake in shares of JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company's stock worth $219,000 after purchasing an additional 384 shares in the last quarter. Van ECK Associates Corp lifted its holdings 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 purchasing an additional 577 shares in the last quarter. US Bancorp DE lifted its holdings in JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company's stock valued at $194,000 after purchasing an additional 798 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog during the third quarter worth $29,000. Finally, Wrapmanager Inc. raised its position in shares of JFrog by 13.5% in the third quarter. Wrapmanager Inc. now owns 9,769 shares of the company's stock valued at $284,000 after buying an additional 1,161 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

Insider Activity at JFrog

In other news, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the completion of the transaction, the director now directly owns 4,514,432 shares of the company's stock, valued at approximately $139,315,371.52. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 35,550 shares of the firm's stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the sale, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. This trade represents a 0.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 256,921 shares of company stock worth $7,927,309. Corporate insiders own 15.70% of the company's stock.

JFrog Stock Up 2.0 %

NASDAQ FROG traded up $0.62 during trading on Monday, hitting $31.21. The stock had a trading volume of 570,966 shares, compared to its average volume of 801,386. The company has a market capitalization of $3.18 billion, a PE ratio of -58.89 and a beta of 0.95. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The firm has a 50 day moving average price of $30.67 and a 200 day moving average price of $31.08.

Analysts Set New Price Targets

Several analysts recently issued reports on FROG shares. Needham & Company LLC upped their price objective on shares of JFrog from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Friday, November 8th. TD Cowen increased their price target on JFrog from $32.00 to $35.00 and gave the company a "buy" rating in a report on Monday, October 28th. Truist Financial reiterated a "buy" rating and set a $35.00 price objective (up previously from $33.00) on shares of JFrog in a research report on Friday, November 8th. Scotiabank raised their target price on JFrog from $25.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Friday, November 8th. Finally, Robert W. Baird boosted their price target on shares of JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.72.

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.