American Century Companies Inc. Buys 841,956 Shares of JFrog Ltd. (NASDAQ:FROG)

American Century Companies Inc. boosted its stake in JFrog Ltd. (NASDAQ:FROG) by 172.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,330,034 shares of the company’s stock after purchasing an additional 841,956 shares during the quarter. American Century Companies Inc. owned about 1.31% of JFrog worth $49,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. 1832 Asset Management L.P. grew its position in JFrog by 285.1% in the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock worth $62,885,000 after acquiring an additional 1,052,800 shares in the last quarter. Meitav Investment House Ltd. increased its position in shares of JFrog by 4,244.7% during the 2nd quarter. Meitav Investment House Ltd. now owns 876,628 shares of the company’s stock valued at $32,903,000 after purchasing an additional 856,451 shares during the last quarter. Principal Financial Group Inc. purchased a new position in shares of JFrog during the 1st quarter valued at about $35,520,000. Syon Capital LLC bought a new stake in JFrog in the 4th quarter worth approximately $22,086,000. Finally, Bank of New York Mellon Corp boosted its stake in JFrog by 22.3% in the second quarter. Bank of New York Mellon Corp now owns 3,083,650 shares of the company’s stock worth $115,791,000 after buying an additional 561,897 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on FROG. Oppenheimer lowered shares of JFrog from an “outperform” rating to a “market perform” rating in a report on Thursday, August 8th. Baird R W raised shares of JFrog to a “strong-buy” rating in a research note on Tuesday, August 27th. Canaccord Genuity Group reduced their price objective on JFrog from $48.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Barclays lowered their target price on JFrog from $50.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $35.00 price target on shares of JFrog in a research report on Wednesday, September 11th. 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 has an average rating of “Moderate Buy” and an average target price of $36.28.

JFrog Trading Up 0.5 %

Shares of FROG opened at $28.14 on Tuesday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -59.87 and a beta of 0.93. The business’s fifty day simple moving average is $31.41 and its two-hundred day simple moving average is $35.71. JFrog Ltd. has a 12 month low of $21.38 and a 12 month high of $48.81.

JFrog (NASDAQ:FROG) last issued 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). The business had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $103.53 million. JFrog had a negative return on equity of 4.63% and a negative net margin of 12.35%. As a group, research analysts forecast that JFrog Ltd. will post -0.28 EPS for the current year.

Insider Buying and Selling

In other JFrog news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $25.68, for a total transaction of $385,200.00. Following the completion of the sale, the chief technology officer now owns 6,642,242 shares of the company’s stock, valued at $170,572,774.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $25.68, for a total value of $385,200.00. Following the transaction, the chief technology officer now directly owns 6,642,242 shares of the company’s stock, valued at approximately $170,572,774.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $38.75, for a total transaction of $1,356,250.00. Following the transaction, the director now directly owns 4,549,432 shares of the company’s stock, valued at approximately $176,290,490. The disclosure for this sale can be found here. In the last three months, insiders have sold 203,040 shares of company stock valued at $6,818,795. 15.70% of the stock is owned by company 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.