Vanguard Group Inc. Has $283.90 Million Position in JFrog Ltd. $FROG

Vanguard Group Inc. grew its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 0.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 8,871,984 shares of the company’s stock after buying an additional 35,458 shares during the period. Vanguard Group Inc. owned approximately 7.74% of JFrog worth $283,903,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Signaturefd LLC raised its position in shares of JFrog by 90.9% during the first quarter. Signaturefd LLC now owns 1,254 shares of the company’s stock valued at $40,000 after buying an additional 597 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of JFrog by 32.4% during the first quarter. PNC Financial Services Group Inc. now owns 1,344 shares of the company’s stock valued at $43,000 after buying an additional 329 shares during the last quarter. Bayforest Capital Ltd acquired a new position in shares of JFrog during the first quarter valued at about $104,000. Tower Research Capital LLC TRC raised its position in shares of JFrog by 33,106.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company’s stock valued at $156,000 after buying an additional 5,297 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of JFrog by 10.2% during the first quarter. IFP Advisors Inc now owns 5,923 shares of the company’s stock valued at $190,000 after buying an additional 548 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Price Performance

FROG opened at $45.11 on Monday. JFrog Ltd. has a one year low of $25.93 and a one year high of $46.64. The company’s 50 day simple moving average is $42.05 and its 200-day simple moving average is $38.17. The stock has a market capitalization of $5.27 billion, a P/E ratio of -58.58 and a beta of 1.06.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The business had revenue of $127.20 million for the quarter, compared to analysts’ expectations of $122.80 million. During the same period in the prior year, the firm earned $0.15 earnings per share. JFrog’s revenue was up 23.5% compared to the same quarter last year. As a group, analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

FROG has been the subject of a number of research analyst reports. Cowen reaffirmed a “buy” rating on shares of JFrog in a research report on Friday, August 8th. Morgan Stanley increased their price target on shares of JFrog from $39.00 to $42.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target (up previously from $46.00) on shares of JFrog in a research report on Friday, August 8th. KeyCorp increased their price target on shares of JFrog from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus increased their price target on shares of JFrog from $45.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $46.87.

Insider Transactions at JFrog

In other JFrog news, CRO Tali Notman sold 23,157 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.16, for a total value of $999,456.12. Following the transaction, the executive directly owned 686,360 shares of the company’s stock, valued at approximately $29,623,297.60. This trade represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 54,279 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer directly owned 4,996,412 shares in the company, valued at approximately $215,195,464.84. The trade was a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 308,338 shares of company stock valued at $13,154,150. 14.10% of the stock is currently owned by company insiders.

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.