Aquatic Capital Management LLC Invests $223,000 in JFrog Ltd. (NASDAQ:FROG)

Aquatic Capital Management LLC purchased a new position in JFrog Ltd. (NASDAQ:FROG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,588 shares of the company's stock, valued at approximately $223,000.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in JFrog by 5.3% during the fourth quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock worth $46,741,000 after purchasing an additional 80,432 shares during the period. abrdn plc grew its holdings in shares of JFrog by 4.1% during the 4th quarter. abrdn plc now owns 772,202 shares of the company's stock worth $22,784,000 after purchasing an additional 30,392 shares during the period. Vanguard Group Inc. increased its position in shares of JFrog by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after purchasing an additional 349,532 shares during the last quarter. Peregrine Capital Management LLC raised its holdings in 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 buying an additional 34,900 shares during the period. Finally, TimesSquare Capital Management LLC lifted its position in JFrog by 12.0% in the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after buying an additional 365,376 shares during the last quarter. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JFrog

In related news, CFO Eduard Grabscheid sold 6,672 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $243,861.60. Following the transaction, the chief financial officer now owns 166,236 shares in the company, valued at $6,075,925.80. The trade was a 3.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frederic Simon sold 35,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 4,409,432 shares of the company's stock, valued at $158,386,797.44. The trade was a 0.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 298,542 shares of company stock worth $10,443,488. 14.10% of the stock is owned by insiders.

JFrog Price Performance

Shares of JFrog stock traded up $3.05 during trading hours on Friday, hitting $38.31. The company had a trading volume of 1,595,631 shares, compared to its average volume of 1,163,902. The company's 50-day moving average is $32.76 and its two-hundred day moving average is $32.71. The company has a market cap of $4.39 billion, a P/E ratio of -60.81 and a beta of 0.97. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $43.00.

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

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on FROG. Truist Financial increased their price objective on shares of JFrog from $35.00 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 issued a $46.00 price objective on shares of JFrog in a research note on Monday. Stifel Nicolaus increased their target price on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Morgan Stanley lifted their target price on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Scotiabank lowered their price objective on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $41.65.

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.