abrdn plc Buys 63,840 Shares of JFrog Ltd. (NASDAQ:FROG)

abrdn plc lifted its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 741,810 shares of the company's stock after acquiring an additional 63,840 shares during the quarter. abrdn plc owned approximately 0.73% of JFrog worth $21,483,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its position in JFrog by 0.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 490,402 shares of the company's stock worth $21,686,000 after acquiring an additional 3,344 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of JFrog by 16.4% in the first quarter. Janney Montgomery Scott LLC now owns 22,938 shares of the company's stock worth $1,014,000 after acquiring an additional 3,233 shares during the last quarter. RiverPark Advisors LLC bought a new stake in shares of JFrog during the first quarter worth $140,000. Duality Advisers LP acquired a new position in JFrog during the 1st quarter valued at about $205,000. Finally, Swiss National Bank boosted its position in shares of JFrog by 8.0% in the 1st quarter. Swiss National Bank now owns 165,600 shares of the company's stock worth $7,323,000 after purchasing an additional 12,200 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

Analysts Set New Price Targets

FROG has been the subject of several research analyst reports. Truist Financial boosted their price target on shares of JFrog from $30.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, October 23rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $35.00 target price on shares of JFrog in a research note on Tuesday. KeyCorp lifted their price target on JFrog from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Thursday, September 12th. UBS Group reduced their price objective on JFrog from $41.00 to $30.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Finally, Robert W. Baird initiated coverage on JFrog in a research report on Tuesday, August 27th. They issued an "outperform" rating and a $32.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued 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 an average price target of $36.61.

JFrog Trading Up 2.2 %

Shares of NASDAQ:FROG traded up $0.65 on Friday, hitting $29.83. The company had a trading volume of 720,641 shares, compared to its average volume of 1,271,726. The stock has a 50 day moving average price of $28.75 and a 200 day moving average price of $32.62. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of -66.29 and a beta of 0.94. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81.

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

Insider Activity at JFrog

In other JFrog news, CTO Yoav Landman sold 15,000 shares of the business's stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $30.85, for a total value of $462,750.00. Following the completion of the sale, the chief technology officer now owns 6,612,242 shares of the company's stock, valued at $203,987,665.70. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $30.85, for a total value of $462,750.00. Following the completion of the sale, the chief technology officer now directly owns 6,612,242 shares in the company, valued at approximately $203,987,665.70. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 20,606 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $557,598.36. Following the sale, the chief executive officer now directly owns 5,027,493 shares in the company, valued at $136,043,960.58. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 141,031 shares of company stock worth $4,003,447. Corporate insiders own 15.70% of the company's stock.

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.