North Peak Capital Management LLC Makes New Investment in JFrog Ltd. (NASDAQ:FROG)

North Peak Capital Management LLC purchased a new position in JFrog Ltd. (NASDAQ:FROG - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,528,133 shares of the company's stock, valued at approximately $73,417,000. JFrog comprises 10.3% of North Peak Capital Management LLC's holdings, making the stock its 5th largest holding. North Peak Capital Management LLC owned 2.48% of JFrog as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FROG. Future Financial Wealth Managment LLC bought a new position in shares of JFrog during the third quarter valued at $29,000. Advisors Asset Management Inc. increased its stake in JFrog by 33.9% during the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company's stock valued at $116,000 after purchasing an additional 662 shares in the last quarter. West Tower Group LLC purchased a new position in JFrog in the third quarter worth about $116,000. SG Americas Securities LLC bought a new position in shares of JFrog in the second quarter worth approximately $187,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of JFrog during the second quarter valued at approximately $188,000. Institutional investors own 85.02% of the company's stock.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were 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 of the company's stock, valued at approximately $136,043,960.58. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Tali Notman sold 10,699 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $28.29, for a total value of $302,674.71. Following the completion of the transaction, the executive now directly owns 536,714 shares of the company's stock, valued at $15,183,639.06. The trade was a 1.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 179,153 shares of company stock worth $5,276,489. Insiders own 15.70% of the company's stock.

JFrog Stock Performance

FROG stock traded down $0.70 during midday trading on Tuesday, reaching $31.33. 681,887 shares of the company traded hands, compared to its average volume of 1,257,024. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of -60.43 and a beta of 0.93. The business has a 50 day moving average of $29.85 and a 200-day moving average of $31.56. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FROG. Robert W. Baird raised their price target on shares of JFrog from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Morgan Stanley cut their price target on JFrog from $47.00 to $33.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Canaccord Genuity Group lowered their price objective on shares of JFrog from $48.00 to $38.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. Scotiabank raised their target price on JFrog from $25.00 to $30.00 and gave the stock a "sector perform" rating in a report on Friday, November 8th. Finally, Baird R W raised JFrog to a "strong-buy" rating in a research note on Tuesday, August 27th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $37.72.

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.