13,802 Shares in JFrog Ltd. (NASDAQ:FROG) Bought by Centiva Capital LP

Centiva Capital LP acquired a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,802 shares of the company's stock, valued at approximately $406,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FROG. Principal Financial Group Inc. raised its stake in JFrog by 55.8% during the 3rd quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock valued at $41,757,000 after acquiring an additional 514,895 shares during the last quarter. Park Avenue Securities LLC purchased a new stake in shares of JFrog during the fourth quarter worth approximately $204,000. SG Americas Securities LLC acquired a new stake in shares of JFrog during the fourth quarter worth $193,000. Exchange Traded Concepts LLC lifted its holdings in shares of JFrog by 10.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company's stock worth $2,655,000 after purchasing an additional 8,426 shares during the period. Finally, KBC Group NV grew its position in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after buying an additional 1,105 shares during the last quarter. 85.02% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at JFrog

In related news, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $35.92, for a total value of $1,257,200.00. Following the completion of the transaction, the director now directly owns 4,409,432 shares in the company, valued at approximately $158,386,797.44. This represents a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ben Haim Shlomi sold 41,829 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $1,528,849.95. Following the transaction, the chief executive officer now owns 4,982,254 shares in the company, valued at $182,101,383.70. This trade represents a 0.83 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 298,542 shares of company stock worth $10,443,488. Insiders own 14.10% of the company's stock.

JFrog Stock Up 9.8 %

Shares of NASDAQ:FROG opened at $38.71 on Friday. The company has a market capitalization of $4.43 billion, a P/E ratio of -61.44 and a beta of 0.97. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.00. The stock's fifty day simple moving average is $32.81 and its 200-day simple moving average is $32.79.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $122.41 million for the quarter, compared to analysts' expectations of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm's revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period last year, the company earned $0.16 EPS. On average, sell-side analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on FROG shares. DA Davidson lifted their target price on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday. Stifel Nicolaus lifted their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $46.00 target price on shares of JFrog in a research note on Monday, May 5th. Morgan Stanley upped their price objective on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Needham & Company LLC raised their target price on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $41.65.

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.

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