801,556 Shares in JFrog Ltd. (NASDAQ:FROG) Acquired by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc purchased a new position in JFrog Ltd. (NASDAQ:FROG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 801,556 shares of the company’s stock, valued at approximately $30,098,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. lifted its stake in JFrog by 3.3% in the second quarter. Sei Investments Co. now owns 104,724 shares of the company’s stock worth $3,932,000 after acquiring an additional 3,314 shares during the last quarter. Granite Investment Partners LLC raised its holdings in JFrog by 15.3% during the second quarter. Granite Investment Partners LLC now owns 163,703 shares of the company’s stock worth $6,147,000 after purchasing an additional 21,698 shares in the last quarter. Blair William & Co. IL raised its holdings in JFrog by 30.2% during the second quarter. Blair William & Co. IL now owns 278,677 shares of the company’s stock worth $10,464,000 after purchasing an additional 64,668 shares in the last quarter. Renaissance Technologies LLC raised its holdings in JFrog by 17.9% during the second quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock worth $62,904,000 after purchasing an additional 254,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in JFrog by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company’s stock worth $62,636,000 after purchasing an additional 41,275 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Insiders Place Their Bets

In other JFrog news, CTO Yoav Landman sold 16,277 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $36.66, for a total transaction of $596,714.82. Following the sale, the chief technology officer now directly owns 6,697,242 shares in the company, valued at approximately $245,520,891.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related 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 sale, the chief technology officer now directly owns 6,697,242 shares in the company, valued at approximately $245,520,891.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CRO Tali Notman sold 5,882 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was 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. In the last ninety days, insiders have sold 218,040 shares of company stock worth $7,238,795. Corporate insiders own 15.70% of the company’s stock.

JFrog Price Performance

NASDAQ:FROG opened at $28.61 on Monday. The firm’s fifty day moving average price is $30.81 and its 200 day moving average price is $35.34. JFrog Ltd. has a 1-year low of $21.38 and a 1-year high of $48.81. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of -60.87 and a beta of 0.93.

JFrog (NASDAQ:FROG) last issued its earnings results on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.03). The company had revenue of $103.04 million for the quarter, compared to analysts’ expectations of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. As a group, analysts expect that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $35.00 price objective on shares of JFrog in a report on Wednesday, September 11th. DA Davidson reissued a “buy” rating and set a $40.00 price objective on shares of JFrog in a report on Wednesday, September 11th. Stifel Nicolaus cut their target price on shares of JFrog from $45.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. UBS Group cut their target price on shares of JFrog from $41.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Baird R W raised shares of 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 assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $36.28.

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.