Marshall Wace LLP Takes $222,000 Position in JFrog Ltd. (NASDAQ:FROG)

Marshall Wace LLP acquired a new stake in JFrog Ltd. (NASDAQ:FROG) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,900 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ensign Peak Advisors Inc purchased a new stake in shares of JFrog in the 2nd quarter valued at approximately $30,098,000. Sei Investments Co. lifted its holdings in JFrog by 3.3% in the second quarter. Sei Investments Co. now owns 104,724 shares of the company’s stock valued at $3,932,000 after acquiring an additional 3,314 shares during the last quarter. Granite Investment Partners LLC grew its position in JFrog by 15.3% in the second quarter. Granite Investment Partners LLC now owns 163,703 shares of the company’s stock worth $6,147,000 after acquiring an additional 21,698 shares during the period. Blair William & Co. IL grew its position in JFrog by 30.2% in the second quarter. Blair William & Co. IL now owns 278,677 shares of the company’s stock worth $10,464,000 after acquiring an additional 64,668 shares during the period. Finally, Renaissance Technologies LLC increased its stake in JFrog by 17.9% during the second quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock worth $62,904,000 after acquiring an additional 254,100 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CRO Tali Notman sold 10,699 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $28.29, for a total transaction of $302,674.71. Following the completion of the transaction, the executive now owns 536,714 shares in the company, valued at approximately $15,183,639.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other JFrog news, Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total value of $1,356,250.00. Following the transaction, the director now directly owns 4,549,432 shares in the company, valued at $176,290,490. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Tali Notman sold 10,699 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $28.29, for a total transaction of $302,674.71. Following the sale, the executive now owns 536,714 shares of the company’s stock, valued at $15,183,639.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 180,481 shares of company stock worth $5,861,597. 15.70% of the stock is currently owned by corporate insiders.

JFrog Price Performance

Shares of NASDAQ FROG opened at $31.05 on Friday. The stock’s 50-day moving average is $28.08 and its two-hundred day moving average is $33.82. The company has a market cap of $3.16 billion, a price-to-earnings ratio of -69.00 and a beta of 0.94. JFrog Ltd. has a 1-year low of $21.38 and a 1-year high of $48.81.

JFrog (NASDAQ:FROG) last released its earnings results on Wednesday, August 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. The firm had revenue of $103.04 million for the quarter, compared to analysts’ expectations of $103.53 million. Equities research analysts anticipate that JFrog Ltd. will post -0.28 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on FROG shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $35.00 price target on shares of JFrog in a research note on Wednesday, September 11th. Baird R W raised shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Morgan Stanley dropped their price target on shares of JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. KeyCorp upped their price objective 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, UBS Group lowered their price objective on shares of JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.28.

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.