JFrog Ltd. (NASDAQ:FROG) Position Increased by Arizona State Retirement System

Arizona State Retirement System increased its position in shares of JFrog Ltd. (NASDAQ:FROG) by 7.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 21,761 shares of the company’s stock after buying an additional 1,455 shares during the quarter. Arizona State Retirement System’s holdings in JFrog were worth $753,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of FROG. Bank of New York Mellon Corp raised its holdings in shares of JFrog by 48.8% during the third quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock worth $100,710,000 after acquiring an additional 1,302,699 shares in the last quarter. Lord Abbett & CO. LLC increased its position in JFrog by 243.0% during the third quarter. Lord Abbett & CO. LLC now owns 1,615,282 shares of the company’s stock worth $40,963,000 after buying an additional 1,144,315 shares during the last quarter. Goldman Sachs Group Inc. increased its position in JFrog by 455.1% during the second quarter. Goldman Sachs Group Inc. now owns 1,097,340 shares of the company’s stock worth $23,121,000 after buying an additional 899,673 shares during the last quarter. Point72 Asset Management L.P. increased its position in JFrog by 695.4% during the second quarter. Point72 Asset Management L.P. now owns 979,900 shares of the company’s stock worth $27,143,000 after buying an additional 856,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in JFrog by 1,108.4% during the first quarter. Dimensional Fund Advisors LP now owns 804,668 shares of the company’s stock worth $15,850,000 after buying an additional 738,078 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the completion of the transaction, the director now owns 4,909,432 shares in the company, valued at $168,540,800.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other JFrog news, Director Frederic Simon sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $34.33, for a total transaction of $1,201,550.00. Following the completion of the transaction, the director now owns 4,909,432 shares in the company, valued at $168,540,800.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Yoav Landman sold 110,000 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $47.28, for a total transaction of $5,200,800.00. Following the transaction, the chief technology officer now owns 6,811,371 shares of the company’s stock, valued at approximately $322,041,620.88. The disclosure for this sale can be found here. Insiders sold a total of 502,555 shares of company stock worth $22,219,617 over the last quarter. Company insiders own 30.60% of the company’s stock.

JFrog Stock Down 0.2 %

FROG stock opened at $37.94 on Friday. JFrog Ltd. has a twelve month low of $17.11 and a twelve month high of $48.81. The company has a market cap of $3.87 billion, a PE ratio of -63.23 and a beta of 0.99. The business’s 50-day simple moving average is $42.33 and its 200 day simple moving average is $33.72.

JFrog (NASDAQ:FROG) last released its earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $97.26 million for the quarter, compared to the consensus estimate of $93.07 million. JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. On average, equities research analysts anticipate that JFrog Ltd. will post -0.21 EPS for the current year.

Analyst Ratings Changes

FROG has been the topic of several analyst reports. DA Davidson increased their target price on shares of JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. Oppenheimer increased their target price on shares of JFrog from $41.00 to $48.00 in a research report on Thursday, March 7th. KeyCorp initiated coverage on shares of JFrog in a research report on Tuesday, March 19th. They set an “overweight” rating and a $52.00 target price on the stock. Cantor Fitzgerald raised their price target on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Finally, Truist Financial raised their price target on JFrog from $41.00 to $50.00 in a research report on Thursday, March 7th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, JFrog currently has an average rating of “Moderate Buy” and a consensus target price of $43.46.

JFrog 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.