Geode Capital Management LLC Increases Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Geode Capital Management LLC increased its holdings in shares of JFrog Ltd. (NASDAQ:FROG) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 135,642 shares of the company’s stock after buying an additional 2,183 shares during the quarter. Geode Capital Management LLC owned about 0.13% of JFrog worth $3,939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. North Peak Capital Management LLC purchased a new stake in JFrog in the third quarter valued at approximately $73,417,000. TimesSquare Capital Management LLC grew its stake in shares of JFrog by 114.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 3,034,900 shares of the company’s stock valued at $88,133,000 after buying an additional 1,617,551 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of JFrog during the 3rd quarter worth $32,401,000. American Century Companies Inc. raised its position in shares of JFrog by 172.5% in the 2nd quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock worth $49,943,000 after buying an additional 841,956 shares during the period. Finally, Ensign Peak Advisors Inc acquired a new position in JFrog in the second quarter valued at $30,098,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Stock Performance

Shares of NASDAQ FROG opened at $30.59 on Monday. The business has a 50 day moving average price of $30.67 and a two-hundred day moving average price of $31.08. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $48.81.

Wall Street Analyst Weigh In

FROG has been the subject of several research analyst reports. DA Davidson restated a “buy” rating and set a $40.00 price target on shares of JFrog in a research note on Monday, October 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. Robert W. Baird boosted their price objective 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. TD Cowen increased their price objective on shares of JFrog from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Finally, Truist Financial restated a “buy” rating and set a $35.00 target price (up previously from $33.00) on shares of JFrog in a report 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $37.72.

Insider Activity

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $31.93, for a total transaction of $567,555.75. Following the transaction, the chief executive officer now owns 4,957,454 shares of the company’s stock, valued at approximately $158,291,506.22. This trade represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Yoav Landman sold 15,000 shares of JFrog stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $30.85, for a total value of $462,750.00. Following the completion of the transaction, the chief technology officer now owns 6,612,242 shares of the company’s stock, valued at $203,987,665.70. This trade represents a 0.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 256,921 shares of company stock worth $7,927,309. 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.