JPMorgan Chase & Co. Buys 80,432 Shares of JFrog Ltd. (NASDAQ:FROG)

JPMorgan Chase & Co. increased its stake in JFrog Ltd. (NASDAQ:FROG) by 5.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,589,284 shares of the company’s stock after acquiring an additional 80,432 shares during the period. JPMorgan Chase & Co.’s holdings in JFrog were worth $46,741,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. 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 worth $35,000 after acquiring an additional 574 shares in the last quarter. KBC Group NV grew its stake in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the period. BankPlus Trust Department bought a new position in JFrog in the fourth quarter worth $131,000. SG Americas Securities LLC purchased a new position in JFrog during the fourth quarter valued at $193,000. Finally, Park Avenue Securities LLC bought a new stake in shares of JFrog during the 4th quarter valued at $204,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Stock Down 6.3 %

FROG opened at $29.08 on Friday. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of -46.16 and a beta of 0.98. The firm has a 50 day moving average price of $35.36 and a 200-day moving average price of $32.23. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.67.

JFrog (NASDAQ:FROG) last released its quarterly earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). The firm had revenue of $116.08 million during 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, analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Activity

In related news, Director Yossi Sela sold 14,300 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $40.52, for a total value of $579,436.00. Following the transaction, the director now directly owns 306,277 shares of the company’s stock, valued at approximately $12,410,344.04. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were 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 of the company’s stock, valued at $154,010,933.52. This represents a 0.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 439,104 shares of company stock valued at $15,514,264 in the last quarter. 15.70% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

FROG has been the subject of several research reports. Barclays lifted their price target on shares of JFrog from $38.00 to $48.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. KeyCorp reiterated an “overweight” rating and set a $46.00 target price (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Stifel Nicolaus upped their price target on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Truist Financial lifted their price objective on 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 increased their target price on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.06.

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.