12,242 Shares in JFrog Ltd. (NASDAQ:FROG) Purchased by Banque Pictet & Cie SA

Banque Pictet & Cie SA acquired a new position in JFrog Ltd. (NASDAQ:FROG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,242 shares of the company's stock, valued at approximately $392,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in JFrog by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after purchasing an additional 349,532 shares in the last quarter. Champlain Investment Partners LLC boosted its position in JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after acquiring an additional 797,949 shares in the last quarter. Wasatch Advisors LP boosted its position in JFrog by 3.3% during the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock valued at $65,028,000 after acquiring an additional 70,204 shares in the last quarter. Mackenzie Financial Corp boosted its position in JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock valued at $58,703,000 after acquiring an additional 965,912 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in JFrog by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock valued at $52,509,000 after acquiring an additional 53,622 shares in the last quarter. Institutional investors own 85.02% of the company's stock.

JFrog Trading Up 0.3%

Shares of NASDAQ FROG traded up $0.11 during trading on Monday, reaching $39.94. 694,299 shares of the company traded hands, compared to its average volume of 1,124,805. The firm's fifty day simple moving average is $41.67 and its 200 day simple moving average is $36.47. The stock has a market cap of $4.58 billion, a P/E ratio of -56.25 and a beta of 1.06. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $45.10.

JFrog (NASDAQ:FROG - Get Free Report) last released 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 business had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. During the same quarter last year, the business posted $0.16 EPS. The company's revenue was up 22.0% on a year-over-year basis. As a group, research analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Activity

In related news, CEO Ben Haim Shlomi sold 15,000 shares of JFrog stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $41.75, for a total value of $626,250.00. Following the sale, the chief executive officer directly owned 4,981,412 shares in the company, valued at approximately $207,973,951. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of JFrog stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $41.71, for a total value of $1,459,850.00. Following the completion of the sale, the director owned 4,239,903 shares in the company, valued at approximately $176,846,354.13. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 258,338 shares of company stock worth $11,050,150. 14.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Raymond James Financial set a $50.00 target price on JFrog and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $46.00 target price on shares of JFrog in a research report on Monday, May 5th. Morgan Stanley increased their target price on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. DA Davidson increased their price objective on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Scotiabank decreased 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. Three analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned 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 $42.06.

JFrog Company 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.