Blair William & Co. IL Increases Stock Position in JFrog Ltd. (NASDAQ:FROG)

Key Points

• Blair William & Co. IL increased its position in JFrog Ltd. by 5.4%, now owning approximately 297,434 shares valued at about $9.52 million.
• Company insiders sold 258,338 shares valued at over $11 million in the last quarter, with insider ownership now at 14.10%.
• JFrog reported a quarterly EPS of $0.20, surpassing analysts' estimates; despite a negative net margin, revenue grew by 22% year-over-year.

Blair William & Co. IL raised its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,434 shares of the company's stock after purchasing an additional 15,350 shares during the quarter. Blair William & Co. IL owned 0.26% of JFrog worth $9,518,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets bought a new position in JFrog during the fourth quarter worth about $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of JFrog by 19.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock valued at $5,457,000 after buying an additional 30,035 shares during the period. IVC Wealth Advisors LLC purchased a new stake in shares of JFrog in the first quarter worth about $220,000. Bank of Montreal Can purchased a new stake in shares of JFrog in the fourth quarter worth about $405,000. Finally, One68 Global Capital LLC bought a new position in shares of JFrog in the fourth quarter valued at approximately $309,000. Institutional investors own 85.02% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Cantor Fitzgerald reissued an "overweight" rating and issued a $46.00 price target on shares of JFrog in a report on Monday, May 5th. Robert W. Baird set a $47.00 price target on JFrog and gave the company an "outperform" rating in a report on Monday. Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. DA Davidson raised their target price on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Raymond James Financial set a $50.00 price target on shares of JFrog and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Three equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $42.94.

Insider Buying and Selling at JFrog

In other news, CRO Tali Notman sold 23,157 shares of JFrog stock in a transaction on Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the sale, the executive directly owned 686,360 shares in the company, valued at approximately $29,623,297.60. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the company's 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 $176,846,354.13. The trade was a 0.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 258,338 shares of company stock valued at $11,050,150. Corporate insiders own 14.10% of the company's stock.

JFrog Stock Down 0.7%

Shares of NASDAQ:FROG traded down $0.30 during midday trading on Wednesday, hitting $42.02. 1,142,844 shares of the stock traded hands, compared to its average volume of 881,306. The business's 50 day moving average is $42.20 and its two-hundred day moving average is $37.72. The stock has a market capitalization of $4.81 billion, a PE ratio of -59.18 and a beta of 1.06. JFrog Ltd. has a one year low of $22.91 and a one year high of $45.99.

JFrog (NASDAQ:FROG - Get Free Report) last posted its earnings results 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 company had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. During the same quarter in the prior year, the company earned $0.16 earnings per share. JFrog's revenue was up 22.0% on a year-over-year basis. As a group, sell-side analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current year.

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.