Peregrine Capital Management LLC Buys 34,900 Shares of JFrog Ltd. (NASDAQ:FROG)

Peregrine Capital Management LLC lifted its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 327,835 shares of the company's stock after buying an additional 34,900 shares during the period. Peregrine Capital Management LLC owned about 0.32% of JFrog worth $9,642,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of FROG. Principal Financial Group Inc. raised its holdings in JFrog by 2.3% during the fourth quarter. Principal Financial Group Inc. now owns 1,470,498 shares of the company's stock worth $43,249,000 after acquiring an additional 32,557 shares in the last quarter. abrdn plc raised its stake in shares of JFrog by 4.1% during the 4th quarter. abrdn plc now owns 772,202 shares of the company's stock worth $22,784,000 after purchasing an additional 30,392 shares in the last quarter. Washington Capital Management Inc. boosted its holdings in shares of JFrog by 44.8% in the 4th quarter. Washington Capital Management Inc. now owns 21,000 shares of the company's stock valued at $618,000 after buying an additional 6,500 shares during the last quarter. KBC Group NV boosted its holdings in shares of JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after buying an additional 1,105 shares during the last quarter. Finally, Exchange Traded Concepts LLC increased its holdings in JFrog by 10.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company's stock worth $2,655,000 after buying an additional 8,426 shares during the last quarter. Institutional investors own 85.02% of the company's stock.

Insider Buying and Selling

In related news, Director Yossi Sela sold 14,300 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total transaction of $579,436.00. Following the completion of the sale, the director now owns 306,277 shares of the company's stock, valued at $12,410,344.04. This represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 20,443 shares of the firm's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $625,555.80. Following the completion of the transaction, the chief executive officer now directly owns 4,937,011 shares in the company, valued at approximately $151,072,536.60. This represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 437,580 shares of company stock valued at $14,803,200 over the last 90 days. 15.70% of the stock is owned by corporate insiders.

JFrog Stock Performance

Shares of FROG stock traded down $0.67 on Friday, hitting $38.53. The company's stock had a trading volume of 2,015,751 shares, compared to its average volume of 1,242,189. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $46.65. The company has a market capitalization of $3.93 billion, a PE ratio of -61.16 and a beta of 0.97. The stock's 50 day moving average is $33.73 and its 200-day moving average is $30.83.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The business had revenue of $116.08 million for the quarter, compared to analyst estimates of $114.16 million. On average, research analysts forecast that JFrog Ltd. will post -0.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FROG has been the subject of a number of recent analyst reports. Scotiabank increased their price target on shares of JFrog from $25.00 to $30.00 and gave the company a "sector perform" rating in a research note on Friday, November 8th. Stifel Nicolaus raised their target price on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. KeyCorp reiterated an "overweight" rating and set a $46.00 price target (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. 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 note on Friday, November 8th. Finally, Truist Financial lifted their target price on JFrog from $35.00 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, JFrog presently has an average rating of "Moderate Buy" and a consensus price target of $42.17.

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.