Granite Investment Partners LLC Has $6.15 Million Stake in JFrog Ltd. (NASDAQ:FROG)

Granite Investment Partners LLC raised its holdings in JFrog Ltd. (NASDAQ:FROG) by 15.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 163,703 shares of the company’s stock after acquiring an additional 21,698 shares during the quarter. Granite Investment Partners LLC’s holdings in JFrog were worth $6,147,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FROG. George Kaiser Family Foundation grew its holdings in shares of JFrog by 0.7% in the 2nd quarter. George Kaiser Family Foundation now owns 75,037 shares of the company’s stock valued at $2,818,000 after acquiring an additional 532 shares in the last quarter. 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 valued at $116,000 after buying an additional 662 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of JFrog by 6.0% in the 1st quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock valued at $686,000 after buying an additional 879 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of JFrog in the first quarter valued at $44,000. Finally, Nebula Research & Development LLC increased its holdings in JFrog by 7.8% during the fourth quarter. Nebula Research & Development LLC now owns 23,043 shares of the company’s stock worth $798,000 after buying an additional 1,670 shares during the last quarter. 85.02% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CRO Tali Notman sold 5,882 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $37.51, for a total value of $220,633.82. Following the completion of the transaction, the executive now directly owns 559,034 shares in the company, valued at approximately $20,969,365.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CTO Yoav Landman sold 15,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the chief technology officer now owns 6,627,242 shares of the company’s stock, valued at $185,562,776. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Tali Notman sold 5,882 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $37.51, for a total transaction of $220,633.82. Following the completion of the sale, the executive now owns 559,034 shares in the company, valued at $20,969,365.34. The disclosure for this sale can be found here. Insiders have sold 218,040 shares of company stock worth $7,238,795 over the last ninety days. Corporate insiders own 15.70% of the company’s stock.

JFrog Trading Up 0.8 %

NASDAQ FROG opened at $28.61 on Friday. The company has a market cap of $2.91 billion, a price-to-earnings ratio of -60.87 and a beta of 0.93. The company has a 50 day moving average of $30.81 and a 200-day moving average of $35.38. JFrog Ltd. has a 1-year low of $21.38 and a 1-year high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. On average, equities research analysts forecast that JFrog Ltd. will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on FROG shares. Stifel Nicolaus decreased their price objective on shares of JFrog from $45.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. KeyCorp boosted their price target on JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Thursday, September 12th. DA Davidson reiterated a “buy” rating and set a $40.00 target price on shares of JFrog in a research note on Wednesday, September 11th. Needham & Company LLC reissued a “buy” rating and set a $33.00 target price on shares of JFrog in a report on Monday, September 16th. Finally, Baird R W raised JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.28.

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.