Pier Capital LLC Acquires 47,687 Shares of JFrog Ltd. (NASDAQ:FROG)

Pier Capital LLC boosted its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 19.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 295,588 shares of the company's stock after purchasing an additional 47,687 shares during the period. JFrog accounts for about 1.2% of Pier Capital LLC's portfolio, making the stock its 26th biggest holding. Pier Capital LLC owned about 0.29% of JFrog worth $8,584,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FROG. North Peak Capital Management LLC acquired a new stake in shares of JFrog in the third quarter valued at about $73,417,000. TimesSquare Capital Management LLC increased its stake in shares of JFrog by 114.1% in the third quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company's stock valued at $88,133,000 after buying an additional 1,617,551 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of JFrog in the third quarter valued at about $32,401,000. Meitav Investment House Ltd. increased its stake in shares of JFrog by 4,244.7% in the second quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company's stock valued at $32,903,000 after buying an additional 856,451 shares during the period. Finally, American Century Companies Inc. grew its stake in JFrog by 172.5% during the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company's stock worth $49,943,000 after purchasing an additional 841,956 shares during the period. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Trading Up 0.7 %

Shares of FROG traded up $0.23 on Friday, reaching $31.23. 1,064,685 shares of the company's stock traded hands, compared to its average volume of 990,811. The stock has a market cap of $3.18 billion, a PE ratio of -58.92 and a beta of 0.94. The stock's 50 day simple moving average is $30.32 and its two-hundred day simple moving average is $31.45. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $48.81.

Insider Activity at JFrog

In other JFrog news, Director Yossi Sela sold 25,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $31.86, for a total value of $796,500.00. Following the completion of the sale, the director now directly owns 355,129 shares of the company's stock, valued at $11,314,409.94. This trade represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 sale, the chief executive officer now directly owns 4,975,229 shares of the company's stock, valued at $149,256,870. This represents a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 187,177 shares of company stock valued at $5,710,531. 15.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on FROG. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. Truist Financial reaffirmed a "buy" rating and set a $35.00 target price (up previously from $33.00) on shares of JFrog in a research note on Friday, November 8th. Baird R W raised JFrog to a "strong-buy" rating in a research note on Tuesday, August 27th. Barclays decreased their target price on JFrog from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, November 11th. Finally, Needham & Company LLC raised their target price on JFrog from $33.00 to $36.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus 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.