Pier Capital LLC Boosts Stake in JFrog Ltd. (NASDAQ:FROG)

Pier Capital LLC grew its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 348,713 shares of the company's stock after acquiring an additional 53,125 shares during the period. JFrog comprises 1.5% of Pier Capital LLC's portfolio, making the stock its 11th largest holding. Pier Capital LLC owned 0.34% of JFrog worth $10,256,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FROG. Vanguard Group Inc. boosted its position in shares of JFrog by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after purchasing an additional 349,532 shares in the last quarter. LPL Financial LLC boosted its stake in shares of JFrog by 19.8% during the 4th quarter. LPL Financial LLC now owns 22,002 shares of the company's stock worth $647,000 after acquiring an additional 3,633 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of JFrog in the 4th quarter worth approximately $600,000. KLP Kapitalforvaltning AS purchased a new position in JFrog in the 4th quarter valued at approximately $571,000. Finally, Sei Investments Co. raised its holdings in JFrog by 9.2% during the fourth quarter. Sei Investments Co. now owns 60,485 shares of the company's stock worth $1,779,000 after purchasing an additional 5,105 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FROG has been the topic of several research reports. KeyCorp reissued an "overweight" rating and issued a $46.00 target price (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Needham & Company LLC lifted their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Truist Financial upped their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Canaccord Genuity Group boosted their price target on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Morgan Stanley increased their price objective on JFrog from $36.00 to $44.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $41.06.

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Insider Transactions at JFrog

In other JFrog news, Director Yossi Sela sold 14,300 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total transaction of $579,436.00. Following the transaction, the director now owns 306,277 shares in the company, valued at $12,410,344.04. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total value of $560,445.75. Following the completion of the sale, the chief executive officer now owns 4,884,584 shares of the company's stock, valued at approximately $154,010,933.52. This trade represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 439,104 shares of company stock worth $15,514,264. 15.70% of the stock is currently owned by company insiders.

JFrog Trading Down 1.1 %

Shares of FROG traded down $0.36 during mid-day trading on Friday, reaching $32.00. The company had a trading volume of 1,381,366 shares, compared to its average volume of 1,149,715. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $45.94. The firm has a fifty day simple moving average of $35.61 and a 200-day simple moving average of $32.11. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of -50.79 and a beta of 0.95.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.28). The firm had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, equities analysts predict that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

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.