JFrog Ltd. (NASDAQ:FROG) Shares Bought by Ararat Capital Management LP

Ararat Capital Management LP lifted its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 585,926 shares of the company's stock after acquiring an additional 73,618 shares during the period. JFrog accounts for about 6.9% of Ararat Capital Management LP's investment portfolio, making the stock its 8th largest position. Ararat Capital Management LP owned 0.58% of JFrog worth $17,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in JFrog during the fourth quarter worth approximately $32,878,000. Raymond James Financial Inc. acquired a new position in JFrog in the fourth quarter valued at $30,554,000. Champlain Investment Partners LLC grew its position in JFrog by 48.4% during the fourth quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after acquiring an additional 797,949 shares during the period. Principal Financial Group Inc. increased its stake in JFrog by 55.8% during the third quarter. Principal Financial Group Inc. now owns 1,437,941 shares of the company's stock worth $41,757,000 after acquiring an additional 514,895 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its stake in shares of JFrog by 72.6% in the 4th quarter. Hood River Capital Management LLC now owns 1,213,862 shares of the company's stock valued at $35,700,000 after purchasing an additional 510,467 shares in the last quarter. 85.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on FROG. Morgan Stanley reduced their price target on shares of JFrog from $44.00 to $39.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 16th. Barclays upped their price objective on shares of JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Truist Financial raised their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Scotiabank lowered their price objective on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Finally, Stifel Nicolaus increased their target price on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.53.

Insiders Place Their Bets

In other JFrog news, Director Frederic Simon sold 20,000 shares of the firm's stock in a transaction dated Tuesday, April 8th. The stock was sold at an average price of $28.66, for a total transaction of $573,200.00. Following the completion of the sale, the director now directly owns 4,354,432 shares in the company, valued at approximately $124,798,021.12. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $36.73, for a total transaction of $652,875.75. Following the completion of the sale, the chief executive officer now directly owns 4,866,809 shares of the company's stock, valued at $178,757,894.57. This trade represents a 0.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 316,317 shares of company stock worth $11,096,363. 14.10% of the stock is owned by corporate insiders.

JFrog Stock Performance

Shares of FROG stock traded up $0.97 during midday trading on Thursday, reaching $35.52. 420,461 shares of the company were exchanged, compared to its average volume of 1,155,970. The company's 50 day moving average price is $32.77 and its two-hundred day moving average price is $32.68. The company has a market cap of $4.07 billion, a P/E ratio of -56.38 and a beta of 0.97. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.00.

JFrog (NASDAQ:FROG - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.28). The firm had revenue of $116.08 million for the quarter, compared to the consensus estimate of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. As a group, sell-side analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current year.

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.