Raymond James Financial Inc. Purchases New Shares in JFrog Ltd. (NASDAQ:FROG)

Raymond James Financial Inc. bought a new position in JFrog Ltd. (NASDAQ:FROG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,038,900 shares of the company's stock, valued at approximately $30,554,000. Raymond James Financial Inc. owned about 1.02% of JFrog at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. North Peak Capital Management LLC acquired a new stake in JFrog during the 3rd quarter valued at approximately $73,417,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of JFrog during the 3rd quarter worth approximately $32,401,000. Thrivent Financial for Lutherans grew its position in shares of JFrog by 33.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,374,972 shares of the company's stock worth $68,969,000 after buying an additional 593,478 shares during the period. Principal Financial Group Inc. grew its position in shares of JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after buying an additional 514,895 shares during the period. Finally, Scopia Capital Management LP acquired a new stake in shares of JFrog during the 3rd quarter worth approximately $12,920,000. Institutional investors own 85.02% of the company's stock.

Analysts Set New Price Targets

FROG has been the topic of several research reports. Canaccord Genuity Group upped their price objective on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Barclays upped their price objective on shares of JFrog from $38.00 to $48.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Stifel Nicolaus upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald restated an "overweight" rating and set a $38.00 price objective on shares of JFrog in a report on Wednesday, February 12th. Finally, Truist Financial upped their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.06.

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Insider Activity at JFrog

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

JFrog Stock Performance

Shares of FROG traded down $0.43 during trading hours on Tuesday, hitting $33.92. The company had a trading volume of 428,837 shares, compared to its average volume of 1,109,069. The firm has a fifty day moving average price of $35.30 and a 200-day moving average price of $31.76. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of -53.84 and a beta of 0.95. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $46.65.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The business had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. Research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

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.