Public Employees Retirement System of Ohio Makes New $2.20 Million Investment in JFrog Ltd. (NASDAQ:FROG)

Public Employees Retirement System of Ohio bought a new stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 75,743 shares of the company's stock, valued at approximately $2,200,000. Public Employees Retirement System of Ohio owned approximately 0.07% of JFrog at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Future Financial Wealth Managment LLC purchased a new stake in JFrog in the 3rd quarter worth $29,000. West Tower Group LLC purchased a new stake in JFrog in the 3rd quarter worth $116,000. SG Americas Securities LLC purchased a new stake in JFrog in the 2nd quarter worth $187,000. Sanctuary Advisors LLC purchased a new stake in JFrog in the 2nd quarter worth $188,000. Finally, US Bancorp DE increased its holdings in JFrog by 13.6% in the 3rd quarter. US Bancorp DE now owns 6,687 shares of the company's stock worth $194,000 after acquiring an additional 798 shares in the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on FROG. UBS Group lifted their target price on shares of JFrog from $30.00 to $38.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. 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 shares of JFrog to a "strong-buy" rating in a research note on Tuesday, August 27th. KeyCorp lifted their target price on shares of JFrog from $30.00 to $32.00 and gave the stock an "overweight" rating in a research note on Thursday, September 12th. Finally, TD Cowen boosted their price target on shares of JFrog from $32.00 to $35.00 and gave the company a "buy" rating in a research report on Monday, October 28th. Three 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.72.

JFrog Price Performance

Shares of FROG stock traded down $0.75 on Wednesday, reaching $30.46. 1,251,934 shares of the stock were exchanged, compared to its average volume of 1,235,937. The stock has a market cap of $3.10 billion, a PE ratio of -57.47 and a beta of 0.94. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81. The stock has a 50 day moving average price of $30.69 and a 200 day moving average price of $31.32.

Insider Buying and Selling

In other news, CTO Yoav Landman sold 15,000 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $30.26, for a total value of $453,900.00. Following the transaction, the chief technology officer now owns 6,582,242 shares of the company's stock, valued at approximately $199,178,642.92. This represents a 0.23 % 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, CFO Eduard Grabscheid sold 834 shares of the stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $30.60, for a total value of $25,520.40. Following the sale, the chief financial officer now directly owns 97,260 shares in the company, valued at $2,976,156. This represents a 0.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 256,921 shares of company stock valued at $7,927,309 over the last three months. Company insiders own 15.70% of the company's stock.

About JFrog

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.