Future Financial Wealth Managment LLC Makes New Investment in JFrog Ltd. (NASDAQ:FROG)

Future Financial Wealth Managment LLC bought a new stake in JFrog Ltd. (NASDAQ:FROGFree Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,000 shares of the company’s stock, valued at approximately $44,000.

Several other institutional investors also recently modified their holdings of FROG. Quadrature Capital Ltd bought a new position in JFrog in the fourth quarter valued at approximately $2,206,000. Syon Capital LLC bought a new position in shares of JFrog in the 4th quarter worth $22,086,000. Vanguard Group Inc. grew its stake in shares of JFrog by 10.7% during the third quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock worth $178,344,000 after purchasing an additional 679,007 shares during the period. Dimensional Fund Advisors LP increased its holdings in JFrog by 10.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,575,867 shares of the company’s stock valued at $54,542,000 after purchasing an additional 145,465 shares during the last quarter. Finally, Flight Deck Capital LP acquired a new position in JFrog in the fourth quarter valued at about $3,357,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insider Buying and Selling at JFrog

In other JFrog news, CRO Tali Notman sold 34,748 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $33.96, for a total transaction of $1,180,042.08. Following the transaction, the executive now owns 559,034 shares of the company’s stock, valued at approximately $18,984,794.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $38.97, for a total value of $1,363,950.00. Following the completion of the sale, the director now directly owns 4,654,432 shares in the company, valued at approximately $181,383,215.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CRO Tali Notman sold 34,748 shares of JFrog stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $33.96, for a total value of $1,180,042.08. Following the transaction, the executive now owns 559,034 shares of the company’s stock, valued at approximately $18,984,794.64. The disclosure for this sale can be found here. Insiders sold a total of 241,048 shares of company stock worth $8,433,115 over the last ninety days. 15.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FROG. DA Davidson upped their price target on JFrog from $45.00 to $55.00 in a research note on Thursday, March 7th. FBN Securities initiated coverage on shares of JFrog in a report on Wednesday, May 22nd. They issued an “outperform” rating and a $45.00 price target for the company. Oppenheimer raised their price objective on JFrog from $41.00 to $48.00 in a research note on Thursday, March 7th. Barclays assumed coverage on JFrog in a research note on Wednesday. They issued an “overweight” rating and a $50.00 target price for the company. Finally, Cantor Fitzgerald raised their price target on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.93.

Read Our Latest Stock Report on FROG

JFrog Price Performance

Shares of FROG stock opened at $36.75 on Friday. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81. The company’s fifty day simple moving average is $35.28 and its 200-day simple moving average is $37.14.

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

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.

Further Reading

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Institutional Ownership by Quarter for JFrog (NASDAQ:FROG)

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