Dimensional Fund Advisors LP Buys 41,275 Shares of JFrog Ltd. (NASDAQ:FROG)

Dimensional Fund Advisors LP grew its stake in shares of JFrog Ltd. (NASDAQ:FROG) by 2.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,668,161 shares of the company’s stock after acquiring an additional 41,275 shares during the period. Dimensional Fund Advisors LP owned about 1.64% of JFrog worth $62,636,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. 1832 Asset Management L.P. increased its stake in shares of JFrog by 285.1% during the first quarter. 1832 Asset Management L.P. now owns 1,422,100 shares of the company’s stock valued at $62,885,000 after buying an additional 1,052,800 shares during the period. Meitav Investment House Ltd. increased its position in 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 period. American Century Companies Inc. raised its holdings 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 valued at $49,943,000 after purchasing an additional 841,956 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of JFrog in the 1st quarter worth approximately $35,520,000. Finally, Syon Capital LLC bought a new position in shares of JFrog during the fourth quarter valued at approximately $22,086,000. Hedge funds and other institutional investors own 85.02% of the company’s stock.

JFrog Price Performance

NASDAQ FROG opened at $29.26 on Friday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of -62.26 and a beta of 0.93. The stock’s fifty day moving average price is $29.93 and its 200 day moving average price is $34.92. JFrog Ltd. has a 1 year low of $21.38 and a 1 year high of $48.81.

JFrog (NASDAQ:FROG) last announced its quarterly earnings data 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). JFrog had a negative net margin of 12.35% and a negative return on equity of 4.63%. The firm had revenue of $103.04 million during the quarter, compared to analyst estimates of $103.53 million. Research analysts expect that JFrog Ltd. will post -0.28 earnings per share for the current year.

Insiders Place Their Bets

In related news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $28.00, for a total transaction of $420,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,627,242 shares in the company, valued at $185,562,776. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other JFrog news, CTO Yoav Landman sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $28.00, for a total value of $420,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,627,242 shares of the company’s stock, valued at $185,562,776. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CRO Tali Notman sold 10,699 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $28.29, for a total value of $302,674.71. Following the completion of the sale, the executive now owns 536,714 shares in the company, valued at approximately $15,183,639.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 201,363 shares of company stock valued at $6,628,081. 15.70% of the stock is owned by insiders.

Analyst Ratings Changes

FROG has been the subject of a number of recent research reports. KeyCorp boosted their price objective on shares of JFrog from $30.00 to $32.00 and gave the stock an “overweight” rating in a research note on Thursday, September 12th. Truist Financial reduced their price target on JFrog from $50.00 to $30.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group decreased their price objective on JFrog from $41.00 to $30.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Oppenheimer lowered JFrog from an “outperform” rating to a “market perform” rating 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 report on Friday, August 9th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $36.28.

JFrog 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.