Park Avenue Securities LLC Purchases New Position in JFrog Ltd. (NASDAQ:FROG)

Park Avenue Securities LLC acquired a new position in JFrog Ltd. (NASDAQ:FROG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,949 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors also recently bought and sold shares of the company. Future Financial Wealth Managment LLC bought a new position in shares of JFrog during the 3rd quarter worth $29,000. West Tower Group LLC bought a new position in JFrog during the 3rd quarter worth about $116,000. Sanctuary Advisors LLC purchased a new position in JFrog during the 2nd quarter valued at about $188,000. Mackenzie Financial Corp raised its holdings in shares of JFrog by 7.0% in the 2nd quarter. Mackenzie Financial Corp now owns 5,841 shares of the company’s stock valued at $219,000 after purchasing an additional 384 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of JFrog in the 2nd quarter worth approximately $222,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

JFrog Stock Performance

Shares of FROG opened at $34.81 on Monday. The stock has a 50-day moving average of $31.28 and a two-hundred day moving average of $30.80. The stock has a market cap of $3.55 billion, a P/E ratio of -65.68 and a beta of 0.95. JFrog Ltd. has a one year low of $22.91 and a one year high of $48.81.

JFrog (NASDAQ:FROG) last released its earnings results on Thursday, November 7th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.24). JFrog had a negative return on equity of 5.36% and a negative net margin of 13.98%. The firm had revenue of $109.06 million for the quarter, compared to analyst estimates of $105.54 million. During the same period last year, the firm earned ($0.10) EPS. Analysts predict that JFrog Ltd. will post -0.32 EPS for the current fiscal year.

Insider Activity

In other news, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $30.86, for a total value of $1,080,100.00. Following the completion of the transaction, the director now owns 4,514,432 shares of the company’s stock, valued at $139,315,371.52. The trade was a 0.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 17,775 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $31.93, for a total value of $567,555.75. Following the sale, the chief executive officer now directly owns 4,957,454 shares in the company, valued at approximately $158,291,506.22. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 274,146 shares of company stock valued at $8,544,054 in the last ninety days. Insiders own 15.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FROG shares. Truist Financial reissued a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of JFrog in a report on Friday, November 8th. DA Davidson reissued a “buy” rating and issued a $40.00 price target on shares of JFrog in a research report on Monday, October 14th. UBS Group raised their price objective on JFrog from $30.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird boosted their target price on shares of JFrog from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $35.00 price target on shares of JFrog in a report on Tuesday, October 29th. 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.89.

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.