Teacher Retirement System of Texas Takes Position in JFrog Ltd. (NASDAQ:FROG)

Teacher Retirement System of Texas purchased a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 22,953 shares of the company's stock, valued at approximately $675,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. William Blair Investment Management LLC raised its holdings in shares of JFrog by 8.6% in the 4th quarter. William Blair Investment Management LLC now owns 876,440 shares of the company's stock valued at $25,776,000 after purchasing an additional 69,627 shares during the period. Swiss National Bank lifted its position in shares of JFrog by 2.6% in the fourth quarter. Swiss National Bank now owns 184,600 shares of the company's stock valued at $5,429,000 after buying an additional 4,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of JFrog by 127.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 528,260 shares of the company's stock worth $15,536,000 after acquiring an additional 296,498 shares during the period. Raymond James Financial Inc. bought a new stake in JFrog in the 4th quarter valued at $30,554,000. Finally, Arizona State Retirement System raised its stake in JFrog by 2.6% in the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock valued at $800,000 after acquiring an additional 682 shares during the period. Institutional investors own 85.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on FROG shares. Morgan Stanley upped their price objective on shares of JFrog from $36.00 to $44.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. Needham & Company LLC raised their price objective 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. KeyCorp restated an "overweight" rating and set a $46.00 price objective (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Finally, Truist Financial lifted their price target on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Three investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.06.

Remove Ads

JFrog Stock Performance

Shares of NASDAQ FROG traded down $2.14 during trading hours on Thursday, hitting $31.04. 1,189,821 shares of the stock were exchanged, compared to its average volume of 1,148,320. The company's fifty day simple moving average is $35.47 and its two-hundred day simple moving average is $32.20. The company has a market cap of $3.16 billion, a PE ratio of -49.27 and a beta of 0.95. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $44.61.

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

Insider Buying and Selling at JFrog

In other JFrog news, CFO Eduard Grabscheid sold 11,942 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $42.99, for a total transaction of $513,386.58. Following the sale, the chief financial officer now owns 172,406 shares of the company's stock, valued at approximately $7,411,733.94. The trade was a 6.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total transaction of $1,171,800.00. Following the transaction, the director now owns 4,374,432 shares of the company's stock, valued at $146,455,983.36. This trade represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 439,104 shares of company stock worth $15,514,264 over the last 90 days. Insiders own 15.70% of the company's stock.

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.