Park Avenue Securities LLC Acquires 1,801 Shares of JFrog Ltd. (NASDAQ:FROG)

Park Avenue Securities LLC increased its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 25.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,750 shares of the company’s stock after purchasing an additional 1,801 shares during the period. Park Avenue Securities LLC’s holdings in JFrog were worth $280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of JFrog by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company’s stock valued at $46,741,000 after purchasing an additional 80,432 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of JFrog by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company’s stock worth $259,882,000 after purchasing an additional 349,532 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in JFrog during the fourth quarter valued at $212,000. Peregrine Capital Management LLC grew 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 valued at $9,642,000 after buying an additional 34,900 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of JFrog by 19.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company’s stock valued at $5,457,000 after purchasing an additional 30,035 shares during the period. 85.02% of the stock is currently owned by institutional investors.

JFrog Trading Down 3.2%

Shares of NASDAQ FROG opened at $40.68 on Monday. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $45.10. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of -64.57 and a beta of 1.07. The company’s 50-day moving average price is $37.64 and its 200 day moving average price is $34.90.

JFrog (NASDAQ:FROG) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. The firm had revenue of $122.41 million for the quarter, compared to analysts’ expectations of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. JFrog’s revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.16 earnings per share. As a group, research analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Activity

In other JFrog news, CTO Yoav Landman sold 20,000 shares of the business’s stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00. Following the completion of the sale, the chief technology officer now owns 6,436,901 shares in the company, valued at $196,003,635.45. The trade was a 0.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ben Haim Shlomi sold 54,279 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $43.07, for a total transaction of $2,337,796.53. Following the sale, the chief executive officer now owns 4,996,412 shares of the company’s stock, valued at approximately $215,195,464.84. The trade was a 1.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 216,113 shares of company stock worth $8,568,964 over the last 90 days. Company insiders own 14.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FROG has been the topic of several research reports. Morgan Stanley raised their price target on shares of JFrog from $39.00 to $42.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Scotiabank dropped their price objective on shares of JFrog from $40.00 to $36.00 and set a “sector perform” rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded shares of JFrog from a “hold” rating to a “buy” rating in a report on Saturday, May 24th. DA Davidson increased their price target on shares of JFrog from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, Raymond James started coverage on shares of JFrog in a research report on Friday, April 11th. They set an “outperform” rating and a $40.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.44.

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.