Massachusetts Financial Services Co. MA Purchases Shares of 1,115,748 JFrog Ltd. (NASDAQ:FROG)

Massachusetts Financial Services Co. MA bought a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,115,748 shares of the company's stock, valued at approximately $32,401,000. Massachusetts Financial Services Co. MA owned approximately 1.10% of JFrog as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in FROG. TimesSquare Capital Management LLC lifted its holdings in shares of JFrog by 114.1% in the 3rd 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. Meitav Investment House Ltd. increased its holdings in shares of JFrog by 4,244.7% in the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company's stock valued at $32,903,000 after acquiring an additional 856,451 shares during the period. American Century Companies Inc. boosted its stake in JFrog by 172.5% during the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company's stock worth $49,943,000 after purchasing an additional 841,956 shares during the period. Ensign Peak Advisors Inc purchased a new position in JFrog during the 2nd quarter worth $30,098,000. Finally, Thrivent Financial for Lutherans increased 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 purchasing an additional 593,478 shares during the period. Hedge funds and other institutional investors own 85.02% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on FROG shares. Baird R W raised JFrog to a "strong-buy" rating in a report on Tuesday, August 27th. Truist Financial reissued a "buy" rating and issued a $35.00 target price (up previously from $33.00) on shares of JFrog in a report on Friday, November 8th. Needham & Company LLC lifted their price objective on shares of JFrog from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Robert W. Baird increased their price target on shares of JFrog from $32.00 to $36.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Finally, Oppenheimer downgraded JFrog from an "outperform" rating to a "market perform" rating in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, JFrog currently has an average rating of "Moderate Buy" and a consensus target price of $37.72.

JFrog Trading Down 2.2 %

Shares of NASDAQ FROG traded down $0.70 during midday trading on Tuesday, reaching $31.33. 681,887 shares of the stock were exchanged, compared to its average volume of 1,257,024. The company has a market capitalization of $3.19 billion, a P/E ratio of -59.11 and a beta of 0.93. The stock has a 50 day moving average price of $29.91 and a 200-day moving average price of $31.55. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81.

Insider Buying and Selling at JFrog

In other news, CEO Ben Haim Shlomi sold 16,714 shares of the company's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.21, for a total transaction of $471,501.94. Following the completion of the sale, the chief executive officer now directly owns 5,010,779 shares in the company, valued at $141,354,075.59. This represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CRO Tali Notman sold 11,621 shares of JFrog stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $314,464.26. Following the completion of the transaction, the executive now owns 547,413 shares in the company, valued at $14,812,995.78. The trade was a 2.08 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 179,153 shares of company stock worth $5,276,489. Insiders own 15.70% of the company's stock.

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.