JFrog Ltd. (NASDAQ:FROG) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in JFrog Ltd. (NASDAQ:FROG) by 7.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,841 shares of the company’s stock after acquiring an additional 384 shares during the period. Mackenzie Financial Corp’s holdings in JFrog were worth $219,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in JFrog by 7.4% in the 1st quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock valued at $335,141,000 after acquiring an additional 523,432 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in JFrog by 22.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock valued at $115,791,000 after acquiring an additional 561,897 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in JFrog by 4.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,722,312 shares of the company’s stock valued at $76,160,000 after acquiring an additional 73,036 shares during the last quarter. Renaissance Technologies LLC raised its holdings in JFrog by 17.9% in the 2nd quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock valued at $62,904,000 after acquiring an additional 254,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in JFrog by 2.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company’s stock valued at $62,636,000 after acquiring an additional 41,275 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company’s stock.

Insider Buying and Selling at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $36.39, for a total value of $545,850.00. Following the sale, the chief technology officer now directly owns 6,682,242 shares in the company, valued at approximately $243,166,786.38. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $36.39, for a total value of $545,850.00. Following the sale, the chief technology officer now directly owns 6,682,242 shares in the company, valued at approximately $243,166,786.38. This trade represents a 0.00 % 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 20,606 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $27.06, for a total transaction of $557,598.36. Following the completion of the sale, the chief executive officer now owns 5,027,493 shares in the company, valued at $136,043,960.58. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 195,481 shares of company stock valued at $6,407,447 in the last 90 days. Company insiders own 15.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price target on shares of JFrog in a report on Wednesday, September 11th. TD Cowen cut their price target on shares of JFrog from $50.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Barclays cut their price target on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, August 9th. KeyCorp raised their price target on shares of JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Thursday, September 12th. Finally, Truist Financial cut their price target on shares of JFrog from $50.00 to $30.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Three 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.28.

JFrog Stock Down 5.4 %

Shares of FROG stock opened at $27.22 on Tuesday. JFrog Ltd. has a 52 week low of $21.38 and a 52 week high of $48.81. The stock has a market capitalization of $2.77 billion, a PE ratio of -57.91 and a beta of 0.94. The firm has a 50 day moving average of $28.93 and a two-hundred day moving average of $34.29.

JFrog (NASDAQ:FROG) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.09) 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 business had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $103.53 million. Analysts expect that JFrog Ltd. will post -0.28 EPS for the current fiscal 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.