Cetera Investment Advisers Purchases 6,903 Shares of JFrog Ltd. $FROG

Key Points

• Cetera Investment Advisers increased its stake in JFrog Ltd. by 44.9%, owning 22,261 shares valued at $712,000 after purchasing an additional 6,903 shares.
• JFrog recently reported $0.18 earnings per share, exceeding estimates, and its revenue grew by 23.5% year-over-year, totaling $127.20 million.
• Institutional investors hold 85.02% of JFrog's stock, indicating strong interest from hedge funds and other large entities.

Cetera Investment Advisers grew its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 44.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,261 shares of the company's stock after acquiring an additional 6,903 shares during the quarter. Cetera Investment Advisers' holdings in JFrog were worth $712,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in FROG. Signaturefd LLC increased its position in shares of JFrog by 90.9% during the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after purchasing an additional 597 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in JFrog by 33,106.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after buying an additional 5,297 shares during the last quarter. IFP Advisors Inc raised its position in JFrog by 10.2% during the first quarter. IFP Advisors Inc now owns 5,923 shares of the company's stock worth $190,000 after acquiring an additional 548 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in JFrog in the fourth quarter valued at $212,000. Finally, IVC Wealth Advisors LLC bought a new position in shares of JFrog in the 1st quarter valued at about $220,000. 85.02% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FROG. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price objective (up from $46.00) on shares of JFrog in a research report on Friday, August 8th. Scotiabank reduced their target price on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. DA Davidson increased their price target on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, KeyCorp lifted their price objective on shares of JFrog from $46.00 to $52.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Two investment 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 stock. According to data from MarketBeat, JFrog currently has an average rating of "Moderate Buy" and a consensus price target of $46.87.

JFrog Price Performance

FROG stock traded down $1.00 during midday trading on Tuesday, reaching $43.89. The company had a trading volume of 125,560 shares, compared to its average volume of 1,095,723. JFrog Ltd. has a 1-year low of $25.93 and a 1-year high of $46.64. The stock has a 50 day moving average price of $42.10 and a 200-day moving average price of $38.24. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of -57.28 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.16 by $0.02. The company had revenue of $127.20 million during the quarter, compared to analysts' expectations of $122.80 million. JFrog had a negative net margin of 18.18% and a negative return on equity of 7.54%. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.15 EPS. As a group, research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Ben Haim Shlomi sold 15,000 shares of the business's stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $41.75, for a total transaction of $626,250.00. Following the completion of the transaction, the chief executive officer owned 4,981,412 shares of the company's stock, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction on 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 sale, the director owned 4,239,903 shares of the company's stock, valued at approximately $176,846,354.13. This represents a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 308,338 shares of company stock valued at $13,154,150 over the last ninety days. Company insiders own 14.10% of the company's stock.

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.