JFrog Ltd. (NASDAQ:FROG) Stock Position Increased by US Bancorp DE

US Bancorp DE lifted its position in JFrog Ltd. (NASDAQ:FROG) by 7.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,199 shares of the company’s stock after buying an additional 512 shares during the period. US Bancorp DE’s holdings in JFrog were worth $212,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. West Tower Group LLC bought a new stake in shares of JFrog in the 3rd quarter worth $116,000. KBC Group NV raised its position in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company’s stock worth $116,000 after purchasing an additional 1,105 shares during the period. BankPlus Trust Department acquired a new stake in shares of JFrog during the fourth quarter worth $131,000. SG Americas Securities LLC acquired a new stake in shares of JFrog during the fourth quarter worth $193,000. Finally, Park Avenue Securities LLC acquired a new stake in shares of JFrog during the fourth quarter worth $204,000. Institutional investors own 85.02% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on FROG shares. Barclays boosted their target price on JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Canaccord Genuity Group boosted their target price on JFrog from $38.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 target price on shares of JFrog in a research report on Wednesday, February 12th. Truist Financial boosted their target price on JFrog from $35.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Morgan Stanley boosted their target price on JFrog from $36.00 to $44.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, JFrog currently has a consensus rating of “Moderate Buy” and an average target price of $41.06.

Insider Buying and Selling at JFrog

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total transaction of $560,445.75. Following the completion of the sale, the chief executive officer now owns 4,884,584 shares in the company, valued at approximately $154,010,933.52. This represents a 0.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Eduard Grabscheid sold 11,942 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $42.99, for a total value of $513,386.58. Following the sale, the chief financial officer now owns 172,406 shares of the company’s stock, valued at approximately $7,411,733.94. This trade represents a 6.48 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 439,104 shares of company stock worth $15,514,264 over the last 90 days. 15.70% of the stock is currently owned by corporate insiders.

JFrog Price Performance

Shares of NASDAQ FROG opened at $33.58 on Friday. The business’s 50-day moving average price is $35.23 and its two-hundred day moving average price is $31.69. JFrog Ltd. has a one year low of $22.91 and a one year high of $46.65. The company has a market capitalization of $3.42 billion, a P/E ratio of -53.30 and a beta of 0.95.

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

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.