JFrog Ltd. (NASDAQ:FROG) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC lifted its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 114.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,034,900 shares of the company’s stock after acquiring an additional 1,617,551 shares during the period. JFrog accounts for about 1.3% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 20th largest position. TimesSquare Capital Management LLC’s holdings in JFrog were worth $88,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of FROG. Future Financial Wealth Managment LLC purchased a new position in JFrog during the third quarter worth approximately $29,000. Advisors Asset Management Inc. raised its position in shares of JFrog by 33.9% in the 1st quarter. Advisors Asset Management Inc. now owns 2,615 shares of the company’s stock worth $116,000 after buying an additional 662 shares during the period. SG Americas Securities LLC acquired a new position in JFrog in the second quarter valued at $187,000. Sanctuary Advisors LLC purchased a new stake in JFrog during the second quarter valued at about $188,000. Finally, US Bancorp DE increased its stake in JFrog by 13.6% during the third quarter. US Bancorp DE now owns 6,687 shares of the company’s stock worth $194,000 after acquiring an additional 798 shares during the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CTO Yoav Landman sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,627,242 shares of the company’s stock, valued at approximately $185,562,776. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other JFrog news, CEO Ben Haim Shlomi sold 35,550 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $30.00, for a total transaction of $1,066,500.00. Following the sale, the chief executive officer now directly owns 4,975,229 shares in the company, valued at approximately $149,256,870. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yoav Landman sold 15,000 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief technology officer now owns 6,627,242 shares of the company’s stock, valued at $185,562,776. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,031 shares of company stock valued at $3,618,247 over the last 90 days. 15.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays reduced their price objective on JFrog from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Scotiabank lifted their price target on shares of JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research report on Friday. Truist Financial reiterated a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of JFrog in a research note on Friday. Needham & Company LLC raised their target price on shares of JFrog from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Friday. Finally, Robert W. Baird upped their price target on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, JFrog has an average rating of “Moderate Buy” and a consensus target price of $37.83.

JFrog Trading Down 5.4 %

FROG stock opened at $31.10 on Friday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $48.81. The company has a market capitalization of $3.17 billion, a P/E ratio of -69.11 and a beta of 0.93. The firm has a 50 day simple moving average of $29.14 and a 200-day simple moving average of $32.35.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The firm had revenue of $103.04 million for the quarter, compared to analyst estimates of $103.53 million. On average, research analysts predict that JFrog Ltd. will post -0.28 EPS for the current year.

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.