JFrog Ltd. (NASDAQ:FROG) Shares Bought by Assetmark Inc.

Assetmark Inc. increased its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 20.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,733 shares of the company's stock after buying an additional 12,365 shares during the quarter. Assetmark Inc. owned about 0.06% of JFrog worth $2,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in FROG. Norges Bank purchased a new position in JFrog during the fourth quarter worth about $32,878,000. Raymond James Financial Inc. acquired a new stake in JFrog during the fourth quarter worth about $30,554,000. Mackenzie Financial Corp raised its holdings in shares of JFrog by 93.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock worth $58,703,000 after purchasing an additional 965,912 shares during the period. Champlain Investment Partners LLC raised its holdings in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock worth $71,961,000 after purchasing an additional 797,949 shares during the period. Finally, Bamco Inc. NY purchased a new position in shares of JFrog in the 4th quarter worth about $21,322,000. 85.02% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on FROG shares. Barclays restated an "overweight" rating and issued a $45.00 price objective (up from $42.00) on shares of JFrog in a report on Monday, July 21st. Scotiabank cut their price objective on JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. DA Davidson raised their price objective on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Raymond James Financial set a $50.00 price objective on JFrog and gave the stock an "outperform" rating in a report on Tuesday, July 1st. Finally, Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Three equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.25.

JFrog Trading Down 3.4%

NASDAQ FROG traded down $1.49 during mid-day trading on Friday, reaching $41.92. 865,997 shares of the company's stock traded hands, compared to its average volume of 1,036,828. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $45.99. The company has a fifty day simple moving average of $42.21 and a 200-day simple moving average of $37.48. The company has a market cap of $4.80 billion, a price-to-earnings ratio of -59.04 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. JFrog had a negative return on equity of 7.24% and a negative net margin of 17.52%. The firm had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. During the same quarter last year, the firm earned $0.16 EPS. JFrog's quarterly revenue was up 22.0% on a year-over-year basis. Equities research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Activity

In other JFrog news, CRO Tali Notman sold 23,157 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the sale, the executive owned 686,360 shares in the company, valued at $29,623,297.60. This trade represents a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total value of $1,459,850.00. Following the sale, the director owned 4,239,903 shares of the company's stock, valued at approximately $176,846,354.13. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,338 shares of company stock worth $11,050,150 over the last quarter. 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.