Blair William & Co. IL Grows Holdings in JFrog Ltd. (NASDAQ:FROG)

Blair William & Co. IL boosted its stake in JFrog Ltd. (NASDAQ:FROG) by 30.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 278,677 shares of the company’s stock after purchasing an additional 64,668 shares during the period. Blair William & Co. IL owned about 0.27% of JFrog worth $10,464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FROG. 1832 Asset Management L.P. lifted its stake in JFrog by 285.1% during the 1st 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. boosted its stake in shares of JFrog by 4,244.7% in the second 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 period. American Century Companies Inc. boosted its stake in shares of JFrog by 172.5% in the second quarter. American Century Companies Inc. now owns 1,330,034 shares of the company’s stock valued at $49,943,000 after purchasing an additional 841,956 shares during the period. Principal Financial Group Inc. acquired a new position in shares of JFrog in the first quarter valued at approximately $35,520,000. Finally, Syon Capital LLC purchased a new stake in JFrog during the 4th quarter worth approximately $22,086,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total value of $1,356,250.00. Following the transaction, the director now directly owns 4,549,432 shares in the company, valued at approximately $176,290,490. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CTO Yoav Landman sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $25.68, for a total value of $385,200.00. Following the completion of the sale, the chief technology officer now owns 6,642,242 shares in the company, valued at $170,572,774.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $38.75, for a total value of $1,356,250.00. Following the transaction, the director now owns 4,549,432 shares in the company, valued at approximately $176,290,490. The disclosure for this sale can be found here. Insiders sold a total of 218,040 shares of company stock valued at $7,238,795 in the last ninety days. Insiders own 15.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FROG. Scotiabank dropped their price target on shares of JFrog from $40.00 to $25.00 and set a “sector perform” rating for the company in a research note on Thursday, August 8th. Piper Sandler cut their price target on JFrog from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $33.00 price objective on shares of JFrog in a research note on Monday. Bank of America cut their target price on shares of JFrog from $54.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Barclays decreased their price target on shares of JFrog from $50.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Three research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, JFrog presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.28.

JFrog Trading Up 0.7 %

FROG stock opened at $28.38 on Friday. The company has a market capitalization of $2.89 billion, a P/E ratio of -60.38 and a beta of 0.93. The business has a 50 day simple moving average of $31.12 and a 200-day simple moving average of $35.54. JFrog Ltd. has a twelve month low of $21.38 and a twelve month high of $48.81.

JFrog (NASDAQ:FROG) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.03). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The business had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. Research analysts predict that JFrog Ltd. will post -0.28 EPS 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.