Quantbot Technologies LP Takes Position in JFrog Ltd. (NASDAQ:FROG)

Quantbot Technologies LP bought a new position in shares of JFrog Ltd. (NASDAQ:FROGFree Report) in the third quarter, Holdings Channel reports. The firm bought 19,304 shares of the company’s stock, valued at approximately $490,000.

A number of other institutional investors have also made changes to their positions in the stock. New York State Common Retirement Fund boosted its position in shares of JFrog by 19.6% during the third quarter. New York State Common Retirement Fund now owns 494,623 shares of the company’s stock worth $12,544,000 after purchasing an additional 80,913 shares in the last quarter. Bank of New York Mellon Corp boosted its position 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 buying an additional 1,302,699 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of JFrog by 53.6% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 384,047 shares of the company’s stock worth $9,739,000 after buying an additional 134,047 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in JFrog in the 2nd quarter valued at approximately $14,741,000. Finally, Dimensional Fund Advisors LP lifted its stake in JFrog by 21.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 980,132 shares of the company’s stock valued at $27,154,000 after acquiring an additional 175,464 shares in the last quarter. 57.65% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FROG shares. Oppenheimer lifted their price objective on shares of JFrog from $35.00 to $41.00 and gave the company an “outperform” rating in a report on Wednesday, January 3rd. Needham & Company LLC lifted their target price on JFrog from $31.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. TheStreet raised JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. DA Davidson boosted their price target on JFrog from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Morgan Stanley upgraded shares of JFrog from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $32.00 to $42.00 in a research note on Thursday, December 21st. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, JFrog presently has an average rating of “Moderate Buy” and a consensus target price of $36.18.

Get Our Latest Report on FROG

JFrog Stock Up 5.2 %

Shares of NASDAQ:FROG opened at $36.38 on Thursday. JFrog Ltd. has a 12-month low of $17.11 and a 12-month high of $37.18. The company’s 50 day moving average price is $32.62 and its two-hundred day moving average price is $28.54. The firm has a market cap of $3.71 billion, a PE ratio of -50.53 and a beta of 0.85.

Insider Buying and Selling at JFrog

In related news, CEO Ben Haim Shlomi sold 5,433 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $28.02, for a total transaction of $152,232.66. Following the sale, the chief executive officer now owns 5,268,230 shares in the company, valued at approximately $147,615,804.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Ben Haim Shlomi sold 5,433 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $28.02, for a total transaction of $152,232.66. Following the completion of the transaction, the chief executive officer now directly owns 5,268,230 shares in the company, valued at approximately $147,615,804.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Yakov (Jacob) Shulman sold 8,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $26.84, for a total transaction of $214,720.00. Following the transaction, the chief financial officer now owns 507,373 shares of the company’s stock, valued at $13,617,891.32. The disclosure for this sale can be found here. Insiders sold 412,243 shares of company stock valued at $13,722,858 in the last three months. Corporate insiders own 30.60% of the company’s stock.

JFrog Profile

(Free Report)

JFrog Ltd. provides DevOps platform in the United States, Israel, and internationally. The company's products include JFrog Artifactory, a package repository that allows teams and organizations to store, update, and manage their software packages at any scale; JFrog Pipelines, an integration and continuous delivery tool for automating and orchestrating the movement of software packages; JFrog Xray, which scan JFrog Artifactory; JFrog Distribution that provides software package distribution with enterprise-grade performance; and JFrog Advanced Security, an binary scanning solution that offers secrets detection, contextual analysis, IaC scanning, container scanning, and others.

See Also

Want to see what other hedge funds are holding FROG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JFrog Ltd. (NASDAQ:FROGFree Report).

Institutional Ownership by Quarter for JFrog (NASDAQ:FROG)

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