JFrog Ltd. (NASDAQ:FROG) Shares Acquired by Washington Capital Management Inc.

Washington Capital Management Inc. lifted its position in shares of JFrog Ltd. (NASDAQ:FROG) by 44.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 21,000 shares of the company’s stock after purchasing an additional 6,500 shares during the quarter. Washington Capital Management Inc.’s holdings in JFrog were worth $618,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FROG. Future Financial Wealth Managment LLC purchased a new stake in JFrog during the third quarter worth approximately $29,000. KBC Group NV boosted its position in JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the period. West Tower Group LLC acquired a new stake in JFrog in the 3rd quarter valued at $116,000. Sanctuary Advisors LLC purchased a new position in JFrog in the second quarter valued at about $188,000. Finally, Mackenzie Financial Corp lifted its stake in shares of JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after purchasing an additional 384 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

FROG has been the subject of a number of recent research reports. TD Cowen increased their target price on JFrog from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 target price on shares of JFrog in a research report on Tuesday, October 29th. Truist Financial restated a “buy” rating and issued a $35.00 target price (up from $33.00) on shares of JFrog in a research note on Friday, November 8th. Scotiabank boosted their price objective on shares of JFrog from $25.00 to $30.00 and gave the stock a “sector perform” rating in a report on Friday, November 8th. Finally, DA Davidson restated a “buy” rating and set a $40.00 target price on shares of JFrog in a research note on Monday, October 14th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, JFrog has an average rating of “Moderate Buy” and an average target price of $37.89.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $35.30 on Thursday. The company’s fifty day moving average is $31.49 and its two-hundred day moving average is $30.76. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of -66.60 and a beta of 0.95.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.24). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. The business had revenue of $109.06 million for the quarter, compared to analyst estimates of $105.54 million. During the same quarter last year, the company earned ($0.10) EPS. Sell-side analysts expect that JFrog Ltd. will post -0.32 EPS for the current fiscal year.

Insider Activity at JFrog

In other news, CRO Tali Notman sold 75,635 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $35.00, for a total value of $2,647,225.00. Following the completion of the transaction, the executive now owns 582,394 shares of the company’s stock, valued at approximately $20,383,790. This represents a 11.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $30.86, for a total transaction of $1,080,100.00. Following the sale, the director now owns 4,514,432 shares in the company, valued at approximately $139,315,371.52. This represents a 0.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 351,933 shares of company stock worth $11,266,599 in the last 90 days. 15.70% of the stock is currently owned by company insiders.

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.