JFrog Ltd. (NASDAQ:FROG) Stock Position Lifted by Wasatch Advisors LP

Wasatch Advisors LP raised its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,211,088 shares of the company's stock after buying an additional 70,204 shares during the period. Wasatch Advisors LP owned about 2.17% of JFrog worth $65,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FROG. Vanguard Group Inc. grew its stake in JFrog by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after buying an additional 349,532 shares during the last quarter. TimesSquare Capital Management LLC grew its position in shares of JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after purchasing an additional 365,376 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of JFrog by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock valued at $46,741,000 after purchasing an additional 80,432 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of JFrog by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,470,498 shares of the company's stock worth $43,249,000 after acquiring an additional 32,557 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in JFrog by 0.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,124,663 shares of the company's stock valued at $33,076,000 after acquiring an additional 8,915 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FROG shares. Stifel Nicolaus increased their price objective on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. DA Davidson cut their price target on JFrog from $50.00 to $40.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 price target on shares of JFrog in a report on Wednesday, February 12th. Raymond James started coverage on shares of JFrog in a report on Friday, April 11th. They set an "outperform" rating and a $40.00 target price on the stock. Finally, KeyCorp reaffirmed an "overweight" rating and issued a $46.00 price objective (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $40.71.

Insider Buying and Selling

In related news, CTO Yoav Landman sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $30.45, for a total value of $609,000.00. Following the sale, the chief technology officer now owns 6,436,901 shares of the company's stock, valued at approximately $196,003,635.45. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the company's stock in a transaction dated Wednesday, April 9th. The stock was sold at an average price of $30.04, for a total transaction of $533,961.00. Following the completion of the sale, the chief executive officer now directly owns 4,929,755 shares of the company's stock, valued at $148,089,840.20. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 429,104 shares of company stock valued at $15,084,429. Corporate insiders own 15.70% of the company's stock.

JFrog Price Performance

Shares of NASDAQ FROG traded down $1.00 during trading on Monday, hitting $30.08. 234,343 shares of the company were exchanged, compared to its average volume of 997,404. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $43.00. The company has a market cap of $3.45 billion, a price-to-earnings ratio of -47.75 and a beta of 0.98. The firm's fifty day moving average price is $34.12 and its 200 day moving average price is $32.41.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) 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 analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. On average, research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

JFrog Company 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.