JFrog Ltd. (NASDAQ:FROG) Shares Purchased by US Bancorp DE

US Bancorp DE grew its position in shares of JFrog Ltd. (NASDAQ:FROG) by 13.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,687 shares of the company’s stock after acquiring an additional 798 shares during the quarter. US Bancorp DE’s holdings in JFrog were worth $194,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in JFrog by 7.4% in the first quarter. Vanguard Group Inc. now owns 7,578,951 shares of the company’s stock valued at $335,141,000 after buying an additional 523,432 shares during the period. Bank of New York Mellon Corp boosted its position in JFrog by 22.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock worth $115,791,000 after purchasing an additional 561,897 shares during the period. Renaissance Technologies LLC raised its position in JFrog by 17.9% in the second quarter. Renaissance Technologies LLC now owns 1,675,200 shares of the company’s stock valued at $62,904,000 after purchasing an additional 254,100 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of JFrog by 2.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,668,161 shares of the company’s stock worth $62,636,000 after buying an additional 41,275 shares during the period. Finally, Fiera Capital Corp grew its stake in shares of JFrog by 1.2% in the second quarter. Fiera Capital Corp now owns 1,592,736 shares of the company’s stock valued at $59,807,000 after buying an additional 18,865 shares in the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Stock Performance

Shares of NASDAQ:FROG opened at $31.49 on Friday. The company’s fifty day moving average is $29.34 and its two-hundred day moving average is $32.14. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $48.81. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of -59.42 and a beta of 0.93.

Analyst Ratings Changes

FROG has been the subject of several recent research reports. Baird R W raised shares of JFrog to a “strong-buy” rating in a research report on Tuesday, August 27th. Canaccord Genuity Group cut their price objective on shares of JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Scotiabank raised their target price on JFrog from $25.00 to $30.00 and gave the company a “sector perform” rating in a research note on Friday, November 8th. Bank of America cut their price target on JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Morgan Stanley lowered their price objective on JFrog from $47.00 to $33.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $37.72.

Insider Activity at JFrog

In related news, CRO Tali Notman sold 10,699 shares of the company’s stock in a transaction 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 completion of the transaction, the executive now directly owns 536,714 shares in the company, valued at $15,183,639.06. This represents a 1.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 35,550 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $30.00, for a total value of $1,066,500.00. Following the completion of the sale, the chief executive officer now owns 4,975,229 shares in the company, valued at $149,256,870. The trade was a 0.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,806 shares of company stock valued at $4,185,802 in the last quarter. Insiders own 15.70% of the company’s stock.

JFrog Company 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.