JFrog Ltd. (NASDAQ:FROG) Shares Purchased by Algert Global LLC

Algert Global LLC boosted its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 60.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 131,900 shares of the company’s stock after buying an additional 49,461 shares during the quarter. Algert Global LLC owned 0.13% of JFrog worth $4,953,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mackenzie Financial Corp increased its position in shares of JFrog by 7.0% during the second quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock worth $219,000 after acquiring an additional 384 shares during the period. George Kaiser Family Foundation raised its position in 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 purchasing an additional 532 shares in the last quarter. Advisors Asset Management Inc. boosted its stake 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 period. Lazard Asset Management LLC grew its position in shares of JFrog by 6.0% during the first quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock worth $686,000 after buying an additional 879 shares in the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of JFrog during the first quarter worth approximately $44,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Stock Performance

Shares of JFrog stock opened at $29.26 on Monday. The company has a market capitalization of $2.98 billion, a P/E ratio of -62.26 and a beta of 0.93. JFrog Ltd. has a 1 year low of $21.38 and a 1 year high of $48.81. The company’s fifty day moving average is $29.93 and its two-hundred day moving average is $34.81.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts expect that JFrog Ltd. will post -0.28 earnings per share for the current year.

Wall Street Analyst Weigh In

FROG has been the subject of a number of recent research reports. Truist Financial decreased their price target on shares of JFrog from $50.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Canaccord Genuity Group decreased their price objective on shares of JFrog from $48.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Baird R W raised JFrog to a “strong-buy” rating in a report on Tuesday, August 27th. Bank of America decreased their price target on JFrog from $54.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $40.00 price objective on shares of JFrog in a report on Wednesday, September 11th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $36.28.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 25,000 shares of JFrog stock in a transaction on Monday, July 15th. The shares were sold at an average price of $37.23, for a total value of $930,750.00. Following the transaction, the chief technology officer now directly owns 6,657,242 shares in the company, valued at approximately $247,849,119.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total value of $1,356,250.00. Following the completion of the sale, the director now owns 4,549,432 shares in the company, valued at $176,290,490. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Yoav Landman sold 25,000 shares of JFrog stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $37.23, for a total value of $930,750.00. Following the completion of the sale, the chief technology officer now directly owns 6,657,242 shares in the company, valued at approximately $247,849,119.66. The disclosure for this sale can be found here. Insiders sold 195,481 shares of company stock worth $6,407,447 over the last 90 days. 15.70% of the stock is currently owned by 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.