Banque Pictet & Cie SA Takes $392,000 Position in JFrog Ltd. (NASDAQ:FROG)

Banque Pictet & Cie SA purchased a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 12,242 shares of the company's stock, valued at approximately $392,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. California State Teachers Retirement System raised its stake in shares of JFrog by 0.5% during the 4th quarter. California State Teachers Retirement System now owns 80,898 shares of the company's stock worth $2,379,000 after purchasing an additional 439 shares during the period. US Bancorp DE raised its position in JFrog by 7.7% in the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock worth $212,000 after acquiring an additional 512 shares during the period. Snowden Capital Advisors LLC boosted its stake in JFrog by 4.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock valued at $409,000 after acquiring an additional 564 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after acquiring an additional 574 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of JFrog by 2.6% during the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock worth $800,000 after purchasing an additional 682 shares during the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on FROG. Scotiabank reduced their price objective on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Barclays cut their price target on JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. DA Davidson boosted their price objective on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Raymond James Financial set a $50.00 price objective on shares of JFrog and gave the company an "outperform" rating in a report on Tuesday, July 1st. Finally, Morgan Stanley lifted their target price on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.06.

JFrog Stock Performance

Shares of FROG stock opened at $40.56 on Friday. The company has a market capitalization of $4.65 billion, a PE ratio of -57.13 and a beta of 1.06. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.10. The business's fifty day moving average is $41.57 and its 200 day moving average is $36.32.

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

Insider Buying and Selling

In other JFrog news, CFO Eduard Grabscheid sold 13,043 shares of the firm's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $45.00, for a total transaction of $586,935.00. Following the sale, the chief financial officer owned 159,887 shares in the company, valued at $7,194,915. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CRO Tali Notman sold 23,157 shares of JFrog stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.16, for a total value of $999,456.12. Following the sale, the executive directly owned 686,360 shares of the company's stock, valued at approximately $29,623,297.60. This trade represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 258,338 shares of company stock valued at $11,050,150 in the last three months. 14.10% of the stock is owned by corporate insiders.

About JFrog

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.