ExodusPoint Capital Management LP Makes New $635,000 Investment in JFrog Ltd. (NASDAQ:FROG)

ExodusPoint Capital Management LP acquired a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,600 shares of the company's stock, valued at approximately $635,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in JFrog by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock valued at $259,882,000 after purchasing an additional 349,532 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of JFrog by 12.0% during the 4th 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 period. JPMorgan Chase & Co. grew its holdings in shares of JFrog by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock valued at $46,741,000 after acquiring an additional 80,432 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of JFrog by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,470,498 shares of the company's stock worth $43,249,000 after acquiring an additional 32,557 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of JFrog by 0.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,124,663 shares of the company's stock worth $33,076,000 after acquiring an additional 8,915 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at JFrog

In other JFrog news, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $35.92, for a total transaction of $1,257,200.00. Following the sale, the director now directly owns 4,409,432 shares of the company's stock, valued at approximately $158,386,797.44. The trade was a 0.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Yoav Landman sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the sale, the chief technology officer now owns 6,436,901 shares in the company, valued at approximately $196,003,635.45. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 429,104 shares of company stock valued at $15,084,429. Company insiders own 15.70% of the company's stock.

JFrog Trading Down 1.8 %

FROG stock traded down $0.58 during trading on Thursday, reaching $31.23. 92,560 shares of the stock were exchanged, compared to its average volume of 1,144,884. The stock has a 50 day simple moving average of $34.33 and a 200-day simple moving average of $32.31. The company has a market capitalization of $3.58 billion, a P/E ratio of -49.79 and a beta of 0.98. 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 announced its quarterly earnings data on Thursday, February 13th. The company reported ($0.14) earnings per share 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 analyst estimates of $114.16 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. Equities analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. KeyCorp restated an "overweight" rating and issued a $46.00 target price (up previously from $36.00) on shares of JFrog in a research note on Friday, February 14th. Barclays boosted their price target on JFrog from $38.00 to $48.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial raised their price objective on shares of JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Needham & Company LLC lifted their target price on shares of JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, DA Davidson dropped their price target on shares of JFrog from $50.00 to $40.00 and set a "buy" rating on the stock in a research note on Monday. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, JFrog currently has an average rating of "Moderate Buy" and an average target price of $40.71.

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.