JFrog Ltd. (NASDAQ:FROG) Shares Purchased by Sei Investments Co.

Sei Investments Co. grew its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 9.2% during the fourth quarter, HoldingsChannel reports. The firm owned 60,485 shares of the company’s stock after buying an additional 5,105 shares during the period. Sei Investments Co.’s holdings in JFrog were worth $1,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in shares of JFrog during the 4th quarter valued at about $30,554,000. Principal Financial Group Inc. grew its position in JFrog by 55.8% in the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company’s stock valued at $41,757,000 after acquiring an additional 514,895 shares in the last quarter. TimesSquare Capital Management LLC raised its stake in shares of JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after purchasing an additional 365,376 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of JFrog by 127.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 528,260 shares of the company’s stock worth $15,536,000 after purchasing an additional 296,498 shares in the last quarter. Finally, Point72 Asset Management L.P. purchased a new position in shares of JFrog in the third quarter valued at $6,486,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Insiders Place Their Bets

In other JFrog news, CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total value of $560,445.75. Following the sale, the chief executive officer now directly owns 4,884,584 shares in the company, valued at approximately $154,010,933.52. This trade represents a 0.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $33.48, for a total transaction of $1,171,800.00. Following the transaction, the director now directly owns 4,374,432 shares of the company’s stock, valued at approximately $146,455,983.36. This trade represents a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 439,104 shares of company stock valued at $15,514,264 over the last quarter. Insiders own 15.70% of the company’s stock.

Wall Street Analyst Weigh In

FROG has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial raised their target price on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $38.00 price target on shares of JFrog in a research note on Wednesday, February 12th. Needham & Company LLC raised their price objective on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, KeyCorp restated an “overweight” rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.06.

JFrog Price Performance

JFrog stock opened at $29.08 on Friday. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.67. The company has a fifty day moving average price of $35.36 and a two-hundred day moving average price of $32.23. The company has a market cap of $3.33 billion, a PE ratio of -46.16 and a beta of 0.98.

JFrog (NASDAQ:FROG) last posted its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The business had revenue of $116.08 million during the quarter, compared to analyst estimates of $114.16 million. Equities research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

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.