Assetmark Inc. Acquires 6,872 Shares of JFrog Ltd. (NASDAQ:FROG)

Assetmark Inc. boosted its holdings in JFrog Ltd. (NASDAQ:FROGFree Report) by 31.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,620 shares of the company’s stock after buying an additional 6,872 shares during the quarter. Assetmark Inc.’s holdings in JFrog were worth $991,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of JFrog by 10.7% in the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock valued at $178,344,000 after buying an additional 679,007 shares during the period. William Blair Investment Management LLC increased its position in JFrog by 6.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,733,639 shares of the company’s stock valued at $43,965,000 after acquiring an additional 102,561 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of JFrog by 10.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,575,867 shares of the company’s stock valued at $54,542,000 after acquiring an additional 145,465 shares during the last quarter. Fiera Capital Corp grew its stake in JFrog by 1.4% during the fourth quarter. Fiera Capital Corp now owns 1,543,187 shares of the company’s stock worth $53,410,000 after purchasing an additional 21,156 shares during the period. Finally, TimesSquare Capital Management LLC increased its holdings in JFrog by 10.6% in the third quarter. TimesSquare Capital Management LLC now owns 1,495,008 shares of the company’s stock worth $37,913,000 after purchasing an additional 143,795 shares in the last quarter. Institutional investors own 85.02% of the company’s stock.

Insider Activity at JFrog

In related news, CEO Ben Haim Shlomi sold 32,724 shares of JFrog stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $1,436,256.36. Following the completion of the transaction, the chief executive officer now directly owns 4,987,300 shares in the company, valued at approximately $218,892,597. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other JFrog news, Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $32.70, for a total value of $1,144,500.00. Following the sale, the director now directly owns 4,619,432 shares in the company, valued at approximately $151,055,426.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ben Haim Shlomi sold 32,724 shares of JFrog stock in a transaction on Monday, March 4th. The shares were sold at an average price of $43.89, for a total value of $1,436,256.36. Following the sale, the chief executive officer now directly owns 4,987,300 shares of the company’s stock, valued at approximately $218,892,597. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 206,658 shares of company stock worth $8,072,589. 15.70% of the stock is owned by corporate insiders.

JFrog Stock Down 0.9 %

NASDAQ:FROG opened at $32.94 on Tuesday. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81. The firm’s 50 day moving average is $39.33 and its 200 day moving average is $36.34.

JFrog (NASDAQ:FROGGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.05) earnings per share for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $100.31 million during the quarter, compared to the consensus estimate of $98.63 million. JFrog had a negative return on equity of 4.62% and a negative net margin of 13.29%. As a group, equities research analysts anticipate that JFrog Ltd. will post -0.21 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on FROG shares. Scotiabank lowered their price objective on shares of JFrog from $45.00 to $40.00 and set a “sector perform” rating for the company in a research note on Friday, May 10th. Morgan Stanley cut their price objective on shares of JFrog from $52.00 to $47.00 and set an “overweight” rating on the stock in a research report on Friday, May 10th. DA Davidson raised their target price on JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. Cantor Fitzgerald boosted their price objective on JFrog from $40.00 to $45.00 in a report on Thursday, March 7th. Finally, UBS Group began coverage on JFrog in a report on Wednesday, May 22nd. They issued a “buy” rating and a $41.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $42.73.

View Our Latest Stock Analysis on FROG

JFrog Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for JFrog (NASDAQ:FROG)

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