JFrog Ltd. (NASDAQ:FROG) Shares Acquired by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 30.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 894,047 shares of the company's stock after acquiring an additional 210,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.88% of JFrog worth $25,963,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. bought a new position in shares of JFrog during the 2nd quarter valued at approximately $6,576,000. Russell Investments Group Ltd. raised its stake in shares of JFrog by 394.2% in the first quarter. Russell Investments Group Ltd. now owns 28,664 shares of the company's stock valued at $1,268,000 after acquiring an additional 22,864 shares during the period. Thornburg Investment Management Inc. purchased a new stake in shares of JFrog in the first quarter valued at $5,337,000. Quadrature Capital Ltd boosted its stake in shares of JFrog by 86.8% during the 1st quarter. Quadrature Capital Ltd now owns 119,025 shares of the company's stock worth $5,263,000 after purchasing an additional 55,296 shares during the period. Finally, Tidal Investments LLC purchased a new position in shares of JFrog during the 1st quarter worth about $3,251,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Trading Down 5.4 %

Shares of NASDAQ:FROG traded down $1.76 during trading on Friday, reaching $31.10. The stock had a trading volume of 2,392,968 shares, compared to its average volume of 1,067,334. The firm's 50-day simple moving average is $29.14 and its 200 day simple moving average is $32.35. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81. The company has a market capitalization of $3.17 billion, a P/E ratio of -58.68 and a beta of 0.93.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The firm had revenue of $103.04 million during the quarter, compared to analysts' expectations of $103.53 million. Equities research analysts forecast that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on FROG shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $35.00 price objective on shares of JFrog in a research note on Tuesday, October 29th. Stifel Nicolaus decreased their price target on JFrog from $45.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Robert W. Baird upped their price objective on JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Friday. Barclays decreased their target price on JFrog from $50.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, August 9th. Finally, KeyCorp upped their price target on shares of JFrog from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Thursday, September 12th. 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's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $37.83.

Insider Transactions at JFrog

In related news, CEO Ben Haim Shlomi sold 35,550 shares of the company's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the transaction, the chief executive officer now directly owns 4,975,229 shares of the company's stock, valued at $149,256,870. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CTO Yoav Landman sold 15,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the sale, 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 35,550 shares of the firm's stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the transaction, the chief executive officer now owns 4,975,229 shares of the company's stock, valued at $149,256,870. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,031 shares of company stock valued at $3,618,247 in the last quarter. 15.70% of the stock is currently owned by corporate insiders.

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.