JFrog Ltd. (NASDAQ:FROG) Stake Increased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC raised its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 114.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,034,900 shares of the company's stock after purchasing an additional 1,617,551 shares during the period. JFrog comprises 1.3% of TimesSquare Capital Management LLC's portfolio, making the stock its 20th biggest position. TimesSquare Capital Management LLC owned 2.98% of JFrog worth $88,133,000 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 the company. Future Financial Wealth Managment LLC bought a new position in shares of JFrog in the 3rd quarter worth $29,000. Advisors Asset Management Inc. raised its position in shares of JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company's stock worth $116,000 after acquiring an additional 662 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of JFrog in the 2nd quarter worth $187,000. Sanctuary Advisors LLC bought a new position in shares of JFrog in the 2nd quarter worth $188,000. Finally, US Bancorp DE raised its position in shares of 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 institutional investors.

Insider Buying and Selling at JFrog

In other JFrog news, CRO Tali Notman sold 10,699 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $28.29, for a total value of $302,674.71. Following the sale, the executive now directly owns 536,714 shares of the company's stock, valued at approximately $15,183,639.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CRO Tali Notman sold 10,699 shares of the company's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $28.29, for a total value of $302,674.71. Following the completion of the transaction, the executive now owns 536,714 shares in the company, valued at approximately $15,183,639.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 35,550 shares of the company's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the transaction, the chief executive officer now owns 4,975,229 shares of the company's stock, valued at approximately $149,256,870. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 126,031 shares of company stock valued at $3,618,247. Insiders own 15.70% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on FROG shares. UBS Group boosted their price target on JFrog from $30.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday. DA Davidson reiterated a "buy" rating and issued a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Scotiabank boosted their price target on JFrog from $25.00 to $30.00 and gave the stock a "sector perform" rating in a research note on Friday. Stifel Nicolaus lowered their target price on shares of JFrog from $45.00 to $30.00 and set a "buy" rating for the company in a research note on Thursday, August 8th. Finally, Morgan Stanley cut their price target on shares of JFrog from $47.00 to $33.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. Three 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 MarketBeat, JFrog has an average rating of "Moderate Buy" and a consensus price target of $37.83.

JFrog Trading Down 5.4 %

FROG traded down $1.76 during trading hours on Friday, hitting $31.10. 2,392,968 shares of the company's stock were exchanged, compared to its average volume of 1,067,334. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $48.81. The firm has a 50 day moving average of $29.14 and a 200 day moving average of $32.35. The firm has a market cap of $3.17 billion, a P/E ratio of -69.11 and a beta of 0.93.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The firm had revenue of $103.04 million during the quarter, compared to analysts' expectations of $103.53 million. As a group, research analysts expect that JFrog Ltd. will post -0.28 EPS 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.