Swiss National Bank Reduces Holdings in JFrog Ltd. $FROG

Swiss National Bank reduced its position in shares of JFrog Ltd. (NASDAQ:FROG) by 0.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 183,700 shares of the company’s stock after selling 900 shares during the quarter. Swiss National Bank owned 0.16% of JFrog worth $5,878,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of JFrog by 0.4% in the first quarter. Vanguard Group Inc. now owns 8,871,984 shares of the company’s stock worth $283,903,000 after buying an additional 35,458 shares in the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of JFrog by 6.5% in the first quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company’s stock worth $115,933,000 after purchasing an additional 222,635 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of JFrog by 93.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company’s stock worth $58,703,000 after purchasing an additional 965,912 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of JFrog by 3.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company’s stock worth $52,509,000 after purchasing an additional 53,622 shares during the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of JFrog by 12.2% in the first quarter. Fiera Capital Corp now owns 1,694,635 shares of the company’s stock worth $54,228,000 after purchasing an additional 184,448 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors.

JFrog Stock Down 0.5%

NASDAQ FROG opened at $44.88 on Tuesday. The firm has a market cap of $5.24 billion, a PE ratio of -58.29 and a beta of 1.06. JFrog Ltd. has a 52 week low of $25.93 and a 52 week high of $46.64. The business’s fifty day simple moving average is $42.10 and its 200-day simple moving average is $38.24.

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

Insider Activity

In other JFrog news, CEO Ben Haim Shlomi sold 15,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $41.75, for a total value of $626,250.00. Following the transaction, the chief executive officer directly owned 4,981,412 shares in the company, valued at $207,973,951. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Tali Notman sold 23,157 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the transaction, the executive owned 686,360 shares in the company, valued at $29,623,297.60. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 308,338 shares of company stock valued at $13,154,150 over the last three months. 14.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on FROG shares. Scotiabank decreased their price target on shares of JFrog from $40.00 to $36.00 and set a “sector perform” rating for the company in a research report on Thursday, April 24th. KeyCorp increased their price target on shares of JFrog from $46.00 to $52.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Needham & Company LLC reissued a “buy” rating and set a $55.00 price target (up from $46.00) on shares of JFrog in a research report on Friday, August 8th. Cantor Fitzgerald upped their price objective on shares of JFrog from $46.00 to $55.00 and gave the company an “overweight” rating in a report on Friday, August 8th. Finally, Robert W. Baird set a $47.00 price objective on shares of JFrog and gave the company an “outperform” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $46.87.

JFrog Company Profile

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.