Raymond James Financial Inc. Takes Position in JFrog Ltd. (NASDAQ:FROG)

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

Other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp raised its holdings in shares of JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after buying an additional 574 shares in the last quarter. KBC Group NV lifted its holdings in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after acquiring an additional 1,105 shares during the period. BankPlus Trust Department acquired a new stake in shares of JFrog in the 4th quarter valued at $131,000. SG Americas Securities LLC bought a new stake in shares of JFrog in the 4th quarter worth about $193,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of JFrog during the 4th quarter worth about $204,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO Eduard Grabscheid sold 2,152 shares of the firm's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total transaction of $75,320.00. Following the sale, the chief financial officer now directly owns 93,597 shares in the company, valued at $3,275,895. This trade represents a 2.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $36.73, for a total transaction of $652,875.75. Following the completion of the transaction, the chief executive officer now directly owns 4,866,809 shares of the company's stock, valued at approximately $178,757,894.57. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 429,104 shares of company stock valued at $15,084,429 in the last quarter. Company insiders own 15.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on FROG shares. 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 research note on Friday, February 14th. Truist Financial increased their price target on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Raymond James began coverage on JFrog in a research report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective for the company. Cantor Fitzgerald restated an "overweight" rating and set a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th. Finally, Needham & Company LLC lifted their price target on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, JFrog presently has an average rating of "Moderate Buy" and an average target price of $40.71.

JFrog Trading Up 5.0 %

Shares of NASDAQ:FROG traded up $1.53 during midday trading on Wednesday, hitting $32.14. The company had a trading volume of 156,253 shares, compared to its average volume of 1,146,032. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.00. The firm has a fifty day simple moving average of $33.84 and a 200 day simple moving average of $32.40. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of -51.02 and a beta of 0.98.

JFrog (NASDAQ:FROG - Get Free Report) last issued 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). The company had revenue of $116.08 million for 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%. Equities analysts forecast 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.