Ensign Peak Advisors Inc Has $32.86 Million Stake in JFrog Ltd. (NASDAQ:FROG)

Ensign Peak Advisors Inc increased its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 42.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,117,124 shares of the company's stock after purchasing an additional 334,133 shares during the period. Ensign Peak Advisors Inc owned about 1.10% of JFrog worth $32,855,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG increased its position in shares of JFrog by 10.6% during the 4th quarter. Deutsche Bank AG now owns 158,807 shares of the company's stock worth $4,671,000 after purchasing an additional 15,239 shares in the last quarter. Daventry Group LP raised its holdings in JFrog by 103.0% during the 4th quarter. Daventry Group LP now owns 1,403,708 shares of the company's stock worth $41,283,000 after purchasing an additional 712,373 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of JFrog during the fourth quarter worth approximately $452,000. Centiva Capital LP acquired a new position in shares of JFrog in the 4th quarter valued at $406,000. Finally, Bamco Inc. NY acquired a new position in JFrog in the fourth quarter valued at about $21,322,000. Institutional investors and hedge funds own 85.02% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on FROG shares. Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 target price on shares of JFrog in a report on Monday, May 5th. Barclays cut their target price on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday. Stifel Nicolaus increased their price objective 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. KeyCorp reissued an "overweight" rating and issued a $46.00 target price (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Finally, Scotiabank cut their price objective on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, JFrog has a consensus rating of "Moderate Buy" and a consensus price target of $41.65.

Insider Activity at JFrog

In related news, CFO Eduard Grabscheid sold 11,942 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $42.99, for a total value of $513,386.58. Following the sale, the chief financial officer now owns 172,406 shares of the company's stock, valued at $7,411,733.94. The trade was a 6.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 41,829 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $1,528,849.95. Following the completion of the sale, the chief executive officer now directly owns 4,982,254 shares of the company's stock, valued at approximately $182,101,383.70. The trade was a 0.83 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 298,542 shares of company stock valued at $10,443,488. 14.10% of the stock is owned by insiders.

JFrog Price Performance

Shares of NASDAQ FROG opened at $38.71 on Friday. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $43.00. The business has a fifty day moving average price of $32.81 and a two-hundred day moving average price of $32.79. The stock has a market capitalization of $4.43 billion, a PE ratio of -61.44 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.04. The firm had revenue of $122.41 million during 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 company's quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share. On average, equities analysts expect that JFrog Ltd. will post -0.33 EPS 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.

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