KLP Kapitalforvaltning AS Invests $571,000 in JFrog Ltd. (NASDAQ:FROG)

KLP Kapitalforvaltning AS acquired a new stake in JFrog Ltd. (NASDAQ:FROG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,400 shares of the company’s stock, valued at approximately $571,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FROG. Sei Investments Co. boosted its holdings in JFrog by 9.2% during the fourth quarter. Sei Investments Co. now owns 60,485 shares of the company’s stock worth $1,779,000 after buying an additional 5,105 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of JFrog in the 4th quarter valued at $675,000. William Blair Investment Management LLC increased its position in shares of JFrog by 8.6% in the 4th quarter. William Blair Investment Management LLC now owns 876,440 shares of the company’s stock valued at $25,776,000 after buying an additional 69,627 shares in the last quarter. Swiss National Bank increased its position in shares of JFrog by 2.6% in the 4th quarter. Swiss National Bank now owns 184,600 shares of the company’s stock valued at $5,429,000 after buying an additional 4,700 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in JFrog by 127.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 528,260 shares of the company’s stock worth $15,536,000 after buying an additional 296,498 shares during the period. 85.02% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on FROG shares. KeyCorp reiterated an “overweight” rating and issued a $46.00 price target (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Barclays boosted their price objective on shares of JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Needham & Company LLC raised their target price on shares of JFrog from $39.00 to $46.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Stifel Nicolaus boosted their price target on shares of JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Truist Financial raised their price objective on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a report on Friday, February 14th. Three 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’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.06.

Insider Buying and Selling at JFrog

In other news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $31.55, for a total value of $473,250.00. Following the transaction, the chief technology officer now owns 6,567,242 shares in the company, valued at approximately $207,196,485.10. The trade was a 0.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 17,775 shares of the business’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total value of $560,445.75. Following the completion of the transaction, the chief executive officer now directly owns 4,884,584 shares in the company, valued at $154,010,933.52. This represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 439,104 shares of company stock worth $15,514,264. 15.70% of the stock is currently owned by company insiders.

JFrog Stock Up 2.4 %

Shares of FROG stock opened at $33.18 on Thursday. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $44.61. The business has a fifty day simple moving average of $35.54 and a 200 day simple moving average of $32.21. The company has a market cap of $3.38 billion, a P/E ratio of -52.67 and a beta of 0.95.

JFrog (NASDAQ:FROG) last posted its earnings results on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.28). JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The company had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. As a group, equities research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

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.