Jones Financial Companies Lllp Boosts Holdings in JFrog Ltd. (NASDAQ:FROG)

Jones Financial Companies Lllp increased its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 91.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,204 shares of the company’s stock after buying an additional 574 shares during the quarter. Jones Financial Companies Lllp’s holdings in JFrog were worth $35,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. abrdn plc boosted its position in JFrog by 4.1% during the fourth quarter. abrdn plc now owns 772,202 shares of the company’s stock worth $22,784,000 after purchasing an additional 30,392 shares during the period. JPMorgan Chase & Co. boosted its position in JFrog by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock worth $43,817,000 after purchasing an additional 159,483 shares during the period. Peregrine Capital Management LLC boosted its position in JFrog by 11.9% during the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock worth $9,642,000 after purchasing an additional 34,900 shares during the period. TimesSquare Capital Management LLC boosted its position in JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock worth $100,002,000 after purchasing an additional 365,376 shares during the period. Finally, North Peak Capital Management LLC bought a new position in JFrog during the third quarter worth about $73,417,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Up 1.0 %

NASDAQ FROG opened at $34.27 on Thursday. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $46.65. The firm has a market capitalization of $3.49 billion, a P/E ratio of -54.40 and a beta of 0.95. The company has a 50-day moving average price of $35.41 and a 200-day moving average price of $31.82.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The business had revenue of $116.08 million for the quarter, compared to analysts’ expectations of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, equities research analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FROG. Truist Financial raised their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Morgan Stanley raised their price objective on shares of JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Barclays raised their price objective on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Needham & Company LLC raised their price objective on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group raised their price objective on shares of JFrog from $38.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.06.

Insider Buying and Selling

In other JFrog news, Director Frederic Simon sold 35,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total value of $1,171,800.00. Following the completion of the transaction, the director now directly owns 4,374,432 shares in the company, valued at $146,455,983.36. This represents a 0.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, 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 transaction, the chief executive officer now owns 4,884,584 shares of the company’s stock, valued at $154,010,933.52. The trade was a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 439,104 shares of company stock valued at $15,514,264. 15.70% of the stock is owned by corporate 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.