JFrog Ltd. (NASDAQ:FROG) Shares Bought by Pier Capital LLC

Pier Capital LLC grew its holdings in JFrog Ltd. (NASDAQ:FROG) by 18.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 348,713 shares of the company’s stock after buying an additional 53,125 shares during the period. JFrog accounts for approximately 1.5% of Pier Capital LLC’s holdings, making the stock its 11th largest holding. Pier Capital LLC’s holdings in JFrog were worth $10,256,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. abrdn plc raised its holdings in JFrog by 4.1% in the 4th quarter. abrdn plc now owns 772,202 shares of the company’s stock valued at $22,784,000 after buying an additional 30,392 shares during the period. JPMorgan Chase & Co. increased its position in shares of JFrog by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 1,508,852 shares of the company’s stock valued at $43,817,000 after acquiring an additional 159,483 shares during the last quarter. Peregrine Capital Management LLC raised its stake in shares of JFrog by 11.9% in the 4th quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company’s stock valued at $9,642,000 after acquiring an additional 34,900 shares during the period. TimesSquare Capital Management LLC lifted its holdings in shares of JFrog by 12.0% in the 4th quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company’s stock worth $100,002,000 after acquiring an additional 365,376 shares during the last quarter. Finally, North Peak Capital Management LLC purchased a new position in shares of JFrog during the 3rd quarter worth approximately $73,417,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

JFrog Trading Up 1.9 %

Shares of FROG opened at $34.64 on Tuesday. The firm has a market capitalization of $3.53 billion, a price-to-earnings ratio of -54.98 and a beta of 0.95. The firm’s fifty day simple moving average is $35.57 and its 200-day simple moving average is $31.99. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $45.94.

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

Insider Activity at JFrog

In other news, CEO Ben Haim Shlomi sold 17,775 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $31.53, for a total value of $560,445.75. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total transaction of $1,171,800.00. Following the sale, the director now owns 4,374,432 shares in the company, valued at $146,455,983.36. This represents a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 439,104 shares of company stock valued at $15,514,264 over the last three months. 15.70% of the stock is owned by corporate 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.