JFrog Ltd. (NASDAQ:FROG) Position Boosted by Tidal Investments LLC

Tidal Investments LLC increased its position in JFrog Ltd. (NASDAQ:FROG) by 4.6% in the third quarter, Holdings Channel reports. The firm owned 79,345 shares of the company’s stock after purchasing an additional 3,507 shares during the quarter. Tidal Investments LLC’s holdings in JFrog were worth $2,304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC acquired a new position in shares of JFrog in the 3rd quarter worth approximately $29,000. West Tower Group LLC bought a new stake in JFrog during the third quarter valued at $116,000. SG Americas Securities LLC bought a new stake in JFrog during the second quarter valued at $187,000. Sanctuary Advisors LLC acquired a new stake in shares of JFrog during the second quarter worth $188,000. Finally, US Bancorp DE lifted 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 buying an additional 798 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

JFrog Price Performance

Shares of NASDAQ:FROG opened at $31.22 on Tuesday. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of -58.91 and a beta of 0.94. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $48.81. The stock’s 50 day moving average price is $30.61 and its 200 day moving average price is $31.32.

Analysts Set New Price Targets

FROG has been the topic of several research reports. TD Cowen increased their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Truist Financial reiterated a “buy” rating and set a $35.00 price target (up from $33.00) on shares of JFrog in a research report on Friday, November 8th. UBS Group boosted their price objective on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Baird R W raised JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $35.00 target price on shares of JFrog in a research note on Tuesday, October 29th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, JFrog has an average rating of “Moderate Buy” and an average target price of $37.72.

Insider Activity

In other news, CFO Eduard Grabscheid sold 834 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $25,520.40. Following the completion of the transaction, the chief financial officer now owns 97,260 shares in the company, valued at approximately $2,976,156. This trade represents a 0.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 35,550 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the completion of the sale, the chief executive officer now owns 4,975,229 shares in the company, valued at $149,256,870. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 256,921 shares of company stock worth $7,927,309. 15.70% of the stock is owned by company insiders.

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.