Teacher Retirement System of Texas Acquires New Holdings in JFrog Ltd. (NASDAQ:FROG)

Teacher Retirement System of Texas bought a new position in shares of JFrog Ltd. (NASDAQ:FROG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 22,953 shares of the company’s stock, valued at approximately $675,000.

Other institutional investors also recently modified their holdings of the company. D.A. Davidson & CO. acquired a new stake in shares of JFrog during the 3rd quarter valued at $444,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in JFrog by 13.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,848 shares of the company’s stock valued at $809,000 after purchasing an additional 3,235 shares during the last quarter. Atom Investors LP boosted its stake in shares of JFrog by 57.0% during the third quarter. Atom Investors LP now owns 66,449 shares of the company’s stock valued at $1,930,000 after purchasing an additional 24,120 shares in the last quarter. Praesidium Investment Management Company LLC grew its holdings in shares of JFrog by 34.7% during the third quarter. Praesidium Investment Management Company LLC now owns 1,581,670 shares of the company’s stock worth $45,932,000 after purchasing an additional 407,492 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in shares of JFrog in the third quarter valued at approximately $6,486,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Performance

Shares of FROG stock opened at $32.00 on Monday. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $45.94. The stock has a 50 day simple moving average of $35.61 and a two-hundred day simple moving average of $32.14. The company has a market cap of $3.26 billion, a P/E ratio of -50.79 and a beta of 0.95.

JFrog (NASDAQ:FROG) last released its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.28). The company had revenue of $116.08 million during the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. On average, research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

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 that occurred on Tuesday, January 7th. The stock was sold at an average price of $31.53, for a total transaction of $560,445.75. Following the transaction, the chief executive officer now directly owns 4,884,584 shares of the company’s stock, valued at $154,010,933.52. This represents a 0.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Yossi Sela sold 14,300 shares of JFrog stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $40.52, for a total transaction of $579,436.00. Following the completion of the sale, the director now directly owns 306,277 shares of the company’s stock, valued at approximately $12,410,344.04. The trade was a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 439,104 shares of company stock valued at $15,514,264. Corporate insiders own 15.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on FROG shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $38.00 target price on shares of JFrog in a research report on Wednesday, February 12th. Barclays lifted their price target on shares of JFrog from $38.00 to $48.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Morgan Stanley increased their price objective on JFrog from $36.00 to $44.00 and gave the company an “overweight” rating in a report on Friday, February 14th. KeyCorp reaffirmed an “overweight” rating and set a $46.00 target price (up from $36.00) on shares of JFrog in a research report on Friday, February 14th. Finally, Stifel Nicolaus upped their price target on JFrog from $35.00 to $45.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.06.

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.