39,950 Shares in JFrog Ltd. (NASDAQ:FROG) Purchased by Y.D. More Investments Ltd

Y.D. More Investments Ltd acquired a new stake in JFrog Ltd. (NASDAQ:FROG) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 39,950 shares of the company’s stock, valued at approximately $1,500,000.

Other hedge funds have also recently modified their holdings of the company. Frazier Financial Advisors LLC purchased a new stake in shares of JFrog during the fourth quarter valued at approximately $35,000. Future Financial Wealth Managment LLC bought a new stake in shares of JFrog during the 1st quarter worth $44,000. Advisors Asset Management Inc. boosted its holdings 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 buying an additional 662 shares during the last quarter. RiverPark Advisors LLC bought a new position in JFrog during the first quarter valued at about $140,000. Finally, Duality Advisers LP purchased a new stake in JFrog during the first quarter worth about $205,000. Institutional investors own 85.02% of the company’s stock.

JFrog Stock Down 0.1 %

JFrog stock opened at $27.74 on Thursday. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of -59.02 and a beta of 0.94. The business has a 50-day simple moving average of $31.90 and a 200 day simple moving average of $36.12. JFrog Ltd. has a 52 week low of $21.38 and a 52 week high of $48.81.

JFrog (NASDAQ:FROG) last announced its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $103.04 million for the quarter, compared to the consensus estimate of $103.53 million. On average, research analysts anticipate that JFrog Ltd. will post -0.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on FROG shares. Baird R W upgraded shares of JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. UBS Group reduced their price objective on JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. FBN Securities started coverage on JFrog in a research note on Wednesday, May 22nd. They issued an “outperform” rating and a $45.00 target price on the stock. Scotiabank cut their price target on JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. Finally, Piper Sandler lowered their price objective on JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, August 8th. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.17.

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 20,606 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $27.06, for a total value of $557,598.36. Following the completion of the sale, the chief executive officer now owns 5,027,493 shares of the company’s stock, valued at $136,043,960.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other JFrog news, CTO Yoav Landman sold 16,277 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $36.66, for a total value of $596,714.82. Following the transaction, the chief technology officer now owns 6,697,242 shares in the company, valued at $245,520,891.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 20,606 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total value of $557,598.36. Following the transaction, the chief executive officer now directly owns 5,027,493 shares of the company’s stock, valued at approximately $136,043,960.58. The disclosure for this sale can be found here. In the last three months, insiders have sold 203,040 shares of company stock worth $6,818,795. 15.70% of the stock is currently owned by 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.