JFrog Ltd. (NASDAQ:FROG) Shares Acquired by Bullseye Asset Management LLC

Bullseye Asset Management LLC increased its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 17.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 85,450 shares of the company's stock after purchasing an additional 12,969 shares during the quarter. Bullseye Asset Management LLC owned 0.08% of JFrog worth $2,513,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. State Street Corp raised its holdings in shares of JFrog by 4.3% during the third quarter. State Street Corp now owns 260,425 shares of the company's stock valued at $7,563,000 after acquiring an additional 10,634 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of JFrog by 1.6% during the third quarter. Geode Capital Management LLC now owns 135,642 shares of the company's stock valued at $3,939,000 after acquiring an additional 2,183 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of JFrog by 99.2% during the third quarter. Sanctuary Advisors LLC now owns 9,972 shares of the company's stock valued at $321,000 after acquiring an additional 4,967 shares during the last quarter. Tidal Investments LLC raised its holdings in shares of JFrog by 4.6% during the third quarter. Tidal Investments LLC now owns 79,345 shares of the company's stock valued at $2,304,000 after acquiring an additional 3,507 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of JFrog by 55.8% during the third 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. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Stock Performance

Shares of FROG traded up $0.12 during midday trading on Wednesday, hitting $33.40. 1,247,908 shares of the stock were exchanged, compared to its average volume of 1,150,546. The firm has a market cap of $3.83 billion, a P/E ratio of -53.02 and a beta of 0.98. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.00. The stock has a fifty day simple moving average of $33.13 and a 200 day simple moving average of $32.55.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share (EPS) 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 analyst estimates of $114.16 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. As a group, equities research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on FROG shares. Canaccord Genuity Group increased their target price on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. DA Davidson reduced their target price on JFrog from $50.00 to $40.00 and set a "buy" rating for the company in a report on Monday, April 14th. KeyCorp reissued an "overweight" rating and set a $46.00 target price (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Raymond James initiated coverage on JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price target for the company. Finally, Morgan Stanley cut their price target on JFrog from $44.00 to $39.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th. Three research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, JFrog presently has an average rating of "Moderate Buy" and an average price target of $41.06.

Insider Activity

In other JFrog news, CFO Eduard Grabscheid sold 6,672 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $243,861.60. Following the sale, the chief financial officer now directly owns 166,236 shares in the company, valued at $6,075,925.80. This trade represents a 3.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 17,775 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $36.73, for a total value of $652,875.75. Following the sale, the chief executive officer now owns 4,866,809 shares of the company's stock, valued at approximately $178,757,894.57. The trade was a 0.36 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 347,206 shares of company stock worth $12,213,601. Corporate insiders own 14.10% of the company's stock.

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.