BankPlus Trust Department Acquires New Stake in JFrog Ltd. (NASDAQ:FROG)

BankPlus Trust Department purchased a new stake in JFrog Ltd. (NASDAQ:FROG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,467 shares of the company’s stock, valued at approximately $131,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. increased its stake in JFrog by 30.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 894,047 shares of the company’s stock valued at $25,963,000 after buying an additional 210,000 shares during the last quarter. abrdn plc increased its stake in JFrog by 4.1% in the 4th quarter. abrdn plc now owns 772,202 shares of the company’s stock valued at $22,784,000 after buying an additional 30,392 shares during the last quarter. JPMorgan Chase & Co. increased its stake in JFrog by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after buying an additional 159,483 shares during the last quarter. Peregrine Capital Management LLC increased its stake in JFrog by 11.9% in the 4th quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock valued at $9,642,000 after buying an additional 34,900 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in JFrog by 55.8% in the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after buying an additional 514,895 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley lifted their price target on shares of JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Cantor Fitzgerald restated an “overweight” rating and set a $38.00 price objective on shares of JFrog in a research note on Wednesday, February 12th. Barclays boosted their price objective on shares of JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, UBS Group boosted their price objective on shares of JFrog from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Three equities research 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.17.

JFrog Stock Down 1.5 %

NASDAQ FROG opened at $37.95 on Tuesday. The company has a market capitalization of $3.87 billion, a P/E ratio of -60.24 and a beta of 0.97. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $46.65. The firm has a 50-day moving average price of $33.87 and a two-hundred day moving average price of $30.88.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The business had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. Equities analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Buying and Selling at JFrog

In other news, Director Yossi Sela sold 14,300 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total transaction of $579,436.00. Following the completion of the transaction, the director now owns 306,277 shares of the company’s stock, valued at approximately $12,410,344.04. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Tali Notman sold 75,635 shares of the company’s 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 sale, 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 disclosure for this sale can be found here. Insiders sold 437,580 shares of company stock valued at $14,803,200 in the last quarter. Company insiders own 15.70% of the company’s stock.

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.