Concurrent Investment Advisors LLC Invests $210,000 in JFrog Ltd. (NASDAQ:FROG)

Concurrent Investment Advisors LLC acquired a new position in JFrog Ltd. (NASDAQ:FROG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,600 shares of the company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its holdings in JFrog by 33.9% in the first quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after acquiring an additional 662 shares in the last quarter. Lazard Asset Management LLC grew its position in JFrog by 6.0% during the 1st quarter. Lazard Asset Management LLC now owns 15,549 shares of the company’s stock worth $686,000 after purchasing an additional 879 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in JFrog during the 4th quarter valued at approximately $35,000. Future Financial Wealth Managment LLC purchased a new position in shares of JFrog in the first quarter worth $44,000. Finally, Nebula Research & Development LLC lifted its stake in shares of JFrog by 7.8% during the fourth quarter. Nebula Research & Development LLC now owns 23,043 shares of the company’s stock worth $798,000 after buying an additional 1,670 shares during the period. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 57,550 shares of the stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $32.32, for a total transaction of $1,860,016.00. Following the completion of the transaction, the chief executive officer now owns 5,048,099 shares of the company’s stock, valued at $163,154,559.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Ben Haim Shlomi sold 57,550 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $32.32, for a total transaction of $1,860,016.00. Following the completion of the sale, the chief executive officer now directly owns 5,048,099 shares in the company, valued at $163,154,559.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $32.35, for a total value of $485,250.00. Following the completion of the transaction, the chief technology officer now owns 6,747,142 shares in the company, valued at approximately $218,270,043.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 285,175 shares of company stock worth $9,649,307. Insiders own 15.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FROG shares. Piper Sandler reduced their target price on JFrog from $40.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. FBN Securities started coverage on JFrog in a report on Wednesday, May 22nd. They set an “outperform” rating and a $45.00 target price for the company. Robert W. Baird assumed coverage on shares of JFrog in a report on Tuesday, August 27th. They issued an “outperform” rating and a $32.00 price target on the stock. Truist Financial dropped their price objective on shares of JFrog from $50.00 to $30.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 target price on shares of JFrog in a report on Tuesday, June 25th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.67.

JFrog Stock Performance

JFrog stock opened at $28.61 on Thursday. The stock has a market capitalization of $2.91 billion, a P/E ratio of -60.87 and a beta of 0.96. The company’s fifty day moving average price is $32.78 and its 200 day moving average price is $36.65. JFrog Ltd. has a 1 year low of $21.38 and a 1 year high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (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 net margin of 12.35% and a negative return on equity of 4.63%. Sell-side analysts predict that JFrog Ltd. will post -0.28 EPS for the current year.

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.