JFrog Ltd. (NASDAQ:FROG) Shares Bought by Arizona State Retirement System

Arizona State Retirement System raised its stake in JFrog Ltd. (NASDAQ:FROG) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,761 shares of the company’s stock after purchasing an additional 1,455 shares during the period. Arizona State Retirement System’s holdings in JFrog were worth $753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in JFrog by 10.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,032,489 shares of the company’s stock valued at $178,344,000 after purchasing an additional 679,007 shares in the last quarter. Insight Holdings Group LLC raised its position in JFrog by 3.5% in the 1st quarter. Insight Holdings Group LLC now owns 5,022,177 shares of the company’s stock valued at $98,937,000 after purchasing an additional 168,242 shares in the last quarter. Bank of New York Mellon Corp raised its position in JFrog by 48.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,971,198 shares of the company’s stock valued at $100,710,000 after purchasing an additional 1,302,699 shares in the last quarter. Baillie Gifford & Co. raised its position in JFrog by 10.7% in the 4th quarter. Baillie Gifford & Co. now owns 1,735,356 shares of the company’s stock valued at $37,015,000 after purchasing an additional 167,136 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in JFrog by 6.3% in the 3rd quarter. William Blair Investment Management LLC now owns 1,733,639 shares of the company’s stock valued at $43,965,000 after purchasing an additional 102,561 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on FROG shares. Needham & Company LLC increased their price target on JFrog from $40.00 to $55.00 in a research report on Thursday, March 7th. Bank Of America (Bofa) raised their target price on JFrog from $36.00 to $54.00 in a research report on Thursday, March 7th. DA Davidson raised their target price on JFrog from $45.00 to $55.00 in a research report on Thursday, March 7th. Cantor Fitzgerald raised their target price on JFrog from $40.00 to $45.00 in a research report on Thursday, March 7th. Finally, TheStreet raised JFrog from a “d+” rating to a “c-” rating in a research report on Friday, December 29th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $43.46.

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $34.33, for a total value of $1,201,550.00. Following the transaction, the director now directly owns 4,909,432 shares in the company, valued at approximately $168,540,800.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Eduard Grabscheid sold 605 shares of JFrog stock in a transaction on Monday, March 4th. The stock was sold at an average price of $43.89, for a total transaction of $26,553.45. Following the completion of the transaction, the chief financial officer now directly owns 85,565 shares of the company’s stock, valued at $3,755,447.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $34.33, for a total value of $1,201,550.00. Following the transaction, the director now directly owns 4,909,432 shares of the company’s stock, valued at $168,540,800.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 502,555 shares of company stock worth $22,219,617. 30.60% of the stock is currently owned by insiders.

JFrog Stock Down 0.2 %

NASDAQ:FROG opened at $37.94 on Friday. The stock’s 50 day moving average price is $42.33 and its 200 day moving average price is $33.72. JFrog Ltd. has a 52-week low of $17.11 and a 52-week high of $48.81. The company has a market capitalization of $3.87 billion, a PE ratio of -63.23 and a beta of 0.99.

JFrog (NASDAQ:FROG) last announced its earnings results on Wednesday, February 14th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). JFrog had a negative return on equity of 6.01% and a negative net margin of 17.51%. The company had revenue of $97.26 million for the quarter, compared to the consensus estimate of $93.07 million. As a group, sell-side analysts anticipate that JFrog Ltd. will post -0.21 EPS for the current fiscal year.

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.