LPL Financial LLC Increases Position in JFrog Ltd. (NASDAQ:FROG)

LPL Financial LLC boosted its holdings in JFrog Ltd. (NASDAQ:FROG) by 19.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,002 shares of the company’s stock after purchasing an additional 3,633 shares during the period. LPL Financial LLC’s holdings in JFrog were worth $647,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Jones Financial Companies Lllp raised its position in shares of JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company’s stock valued at $35,000 after purchasing an additional 574 shares in the last quarter. KBC Group NV raised its holdings in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock valued at $116,000 after acquiring an additional 1,105 shares in the last quarter. BankPlus Trust Department bought a new position in JFrog during the 4th quarter valued at $131,000. SG Americas Securities LLC acquired a new position in JFrog during the 4th quarter worth $193,000. Finally, Park Avenue Securities LLC bought a new stake in shares of JFrog in the 4th quarter worth about $204,000. Institutional investors and hedge funds own 85.02% of the company’s stock.

JFrog Trading Up 4.4 %

Shares of NASDAQ:FROG opened at $31.97 on Thursday. The firm’s 50 day moving average is $33.68 and its two-hundred day moving average is $32.40. The firm has a market capitalization of $3.66 billion, a P/E ratio of -50.75 and a beta of 0.98. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $43.00.

JFrog (NASDAQ:FROG) last posted its 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. Analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FROG shares. Needham & Company LLC boosted their price objective on JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a report on Friday, February 14th. Raymond James initiated coverage on JFrog in a research report on Friday, April 11th. They set an “outperform” rating and a $40.00 price target on the stock. DA Davidson reduced their price objective on JFrog from $50.00 to $40.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Truist Financial boosted their target price on shares of JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley reduced their price target on shares of JFrog from $44.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.71.

Insider Activity at JFrog

In other news, Director Frederic Simon sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total value of $573,200.00. Following the completion of the transaction, the director now directly owns 4,354,432 shares in the company, valued at $124,798,021.12. This trade represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $30.04, for a total transaction of $533,961.00. Following the transaction, the chief executive officer now owns 4,929,755 shares in the company, valued at $148,089,840.20. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 429,104 shares of company stock worth $15,084,429 in the last 90 days. Corporate insiders own 15.70% of the company’s stock.

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.