JFrog Ltd. (NASDAQ:FROG) Shares Acquired by IFP Advisors Inc

IFP Advisors Inc raised its holdings in JFrog Ltd. (NASDAQ:FROG) by 10.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,923 shares of the company’s stock after purchasing an additional 548 shares during the period. IFP Advisors Inc’s holdings in JFrog were worth $190,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. California State Teachers Retirement System grew its position in shares of JFrog by 0.5% in the fourth quarter. California State Teachers Retirement System now owns 80,898 shares of the company’s stock valued at $2,379,000 after purchasing an additional 439 shares in the last quarter. Snowden Capital Advisors LLC boosted its holdings in JFrog by 4.2% during the 4th quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company’s stock valued at $409,000 after acquiring an additional 564 shares during the period. Signaturefd LLC lifted its holdings in JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock worth $40,000 after buying an additional 597 shares in the last quarter. Procyon Advisors LLC raised its position in JFrog by 10.7% in the 1st quarter. Procyon Advisors LLC now owns 11,347 shares of the company’s stock valued at $363,000 after purchasing an additional 1,097 shares in the last quarter. Finally, Orion Portfolio Solutions LLC lifted its position in shares of JFrog by 3.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 42,484 shares of the company’s stock worth $1,249,000 after purchasing an additional 1,332 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Stock Up 2.7%

Shares of FROG opened at $42.65 on Tuesday. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.10. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -60.07 and a beta of 1.06. The business’s 50 day moving average is $42.15 and its two-hundred day moving average is $37.31.

JFrog (NASDAQ:FROG) last issued its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. The company had revenue of $122.41 million for the quarter, compared to analysts’ expectations of $117.44 million. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The firm’s revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. On average, equities analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Activity at JFrog

In related news, CEO Ben Haim Shlomi sold 54,279 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $43.07, for a total value of $2,337,796.53. Following the completion of the transaction, the chief executive officer owned 4,996,412 shares in the company, valued at $215,195,464.84. This represents a 1.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CRO Tali Notman sold 23,157 shares of the company’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.16, for a total value of $999,456.12. Following the completion of the sale, the executive owned 686,360 shares of the company’s stock, valued at $29,623,297.60. This trade represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 258,338 shares of company stock valued at $11,050,150. Company insiders own 14.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of JFrog from a “hold” rating to a “buy” rating in a research note on Sunday, June 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $46.00 price objective on shares of JFrog in a report on Monday, May 5th. Morgan Stanley raised their price objective 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. DA Davidson upped their price objective on shares of JFrog from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Finally, Raymond James Financial set a $50.00 price target on shares of JFrog and gave the company an “outperform” rating in a report on Tuesday, July 1st. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.25.

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.