19,400 Shares in JFrog Ltd. (NASDAQ:FROG) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,400 shares of the company's stock, valued at approximately $571,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FROG. D.A. Davidson & CO. acquired a new stake in shares of JFrog during the 3rd quarter worth approximately $444,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in JFrog by 13.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,848 shares of the company's stock worth $809,000 after acquiring an additional 3,235 shares during the period. Praesidium Investment Management Company LLC increased its stake in JFrog by 34.7% during the third quarter. Praesidium Investment Management Company LLC now owns 1,581,670 shares of the company's stock worth $45,932,000 after acquiring an additional 407,492 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in JFrog in the third quarter valued at $6,486,000. Finally, State Street Corp raised its position in JFrog by 4.3% in the third quarter. State Street Corp now owns 260,425 shares of the company's stock valued at $7,563,000 after purchasing an additional 10,634 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $31.78, for a total transaction of $1,112,300.00. Following the completion of the sale, the director now directly owns 4,444,432 shares in the company, valued at approximately $141,244,048.96. This trade represents a 0.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total value of $560,445.75. Following the completion of the sale, the chief executive officer now owns 4,884,584 shares in the company, valued at approximately $154,010,933.52. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 439,104 shares of company stock worth $15,514,264. 15.70% of the stock is owned by corporate insiders.

Remove Ads

Analysts Set New Price Targets

FROG has been the subject of a number of recent analyst reports. Truist Financial raised their price objective on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Barclays lifted their price target on shares of JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Needham & Company LLC upped their price objective on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Morgan Stanley increased their price objective on shares of JFrog from $36.00 to $44.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group boosted their price target on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Three 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $41.06.

JFrog Stock Down 2.0 %

Shares of NASDAQ FROG traded down $0.59 during mid-day trading on Monday, hitting $28.49. 1,104,680 shares of the company were exchanged, compared to its average volume of 1,152,138. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of -45.22 and a beta of 0.98. The stock has a 50 day simple moving average of $35.24 and a 200-day simple moving average of $32.26. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.67.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. 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.