Handelsbanken Fonder AB Purchases 2,100 Shares of JFrog Ltd. (NASDAQ:FROG)

Handelsbanken Fonder AB lifted its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 8.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,800 shares of the company’s stock after purchasing an additional 2,100 shares during the period. Handelsbanken Fonder AB’s holdings in JFrog were worth $759,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. TimesSquare Capital Management LLC grew its stake in JFrog by 12.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock valued at $100,002,000 after buying an additional 365,376 shares in the last quarter. Peregrine Capital Management LLC grew its position in JFrog by 11.9% in the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock worth $9,642,000 after acquiring an additional 34,900 shares in the last quarter. Principal Financial Group Inc. grew its position in JFrog by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,470,498 shares of the company’s stock worth $43,249,000 after acquiring an additional 32,557 shares in the last quarter. abrdn plc grew its position in JFrog by 4.1% in the fourth quarter. abrdn plc now owns 772,202 shares of the company’s stock worth $22,784,000 after acquiring an additional 30,392 shares in the last quarter. Finally, Washington Capital Management Inc. boosted its position in JFrog by 44.8% during the fourth quarter. Washington Capital Management Inc. now owns 21,000 shares of the company’s stock valued at $618,000 after buying an additional 6,500 shares during the period. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Price Performance

Shares of JFrog stock opened at $36.81 on Friday. The company’s fifty day simple moving average is $34.36 and its 200-day simple moving average is $31.12. The stock has a market capitalization of $3.75 billion, a PE ratio of -58.43 and a beta of 0.97. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $46.65.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on FROG shares. Needham & Company LLC upped their price target on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus increased their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Robert W. Baird increased their price target on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. KeyCorp reaffirmed an “overweight” rating and set a $46.00 target price (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, UBS Group raised their target price on shares of JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.17.

Insider Transactions at JFrog

In other news, CFO Eduard Grabscheid sold 834 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $25,520.40. Following the sale, the chief financial officer now directly owns 97,260 shares in the company, valued at $2,976,156. This trade represents a 0.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Tali Notman sold 11,529 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $30.60, for a total transaction of $352,787.40. Following the sale, the executive now owns 525,185 shares in the company, valued at $16,070,661. The trade was a 2.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 437,580 shares of company stock worth $14,803,200 in the last 90 days. 15.70% of the stock is currently owned by insiders.

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.