JFrog Ltd. (NASDAQ:FROG) Shares Purchased by Blair William & Co. IL

Blair William & Co. IL grew its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 282,084 shares of the company’s stock after acquiring an additional 968 shares during the period. Blair William & Co. IL’s holdings in JFrog were worth $8,296,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of FROG. JPMorgan Chase & Co. grew its stake in JFrog by 5.3% during the 4th 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 in the last quarter. Pier Capital LLC increased its stake in shares of JFrog by 18.0% in the fourth quarter. Pier Capital LLC now owns 348,713 shares of the company’s stock worth $10,256,000 after buying an additional 53,125 shares during the last quarter. Vanguard Group Inc. raised its holdings in JFrog by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock valued at $259,882,000 after acquiring an additional 349,532 shares in the last quarter. LPL Financial LLC boosted its stake in JFrog by 19.8% during the 4th quarter. LPL Financial LLC now owns 22,002 shares of the company’s stock valued at $647,000 after acquiring an additional 3,633 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in JFrog during the 4th quarter worth $600,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Trading Down 1.1 %

Shares of NASDAQ:FROG opened at $32.00 on Friday. The firm’s 50 day moving average is $35.61 and its two-hundred day moving average is $32.11. The firm has a market capitalization of $3.26 billion, a P/E ratio of -50.79 and a beta of 0.95. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $45.94.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FROG shares. Canaccord Genuity Group upped their target price on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of JFrog in a report on Wednesday, February 12th. Needham & Company LLC boosted their price target on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 14th. Truist Financial raised their price objective on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley boosted their target price 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. Three equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.06.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total value of $560,445.75. Following the completion of the sale, the chief executive officer now directly owns 4,884,584 shares in the company, valued at $154,010,933.52. This represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Tali Notman sold 75,635 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $35.00, for a total value of $2,647,225.00. Following the transaction, the executive now directly owns 582,394 shares of the company’s stock, valued at approximately $20,383,790. The trade was a 11.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 439,104 shares of company stock valued at $15,514,264 over the last 90 days. 15.70% of the stock is currently owned by company insiders.

About JFrog

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.