Cetera Investment Advisers Makes New Investment in JFrog Ltd. (NASDAQ:FROG)

Cetera Investment Advisers purchased a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,358 shares of the company's stock, valued at approximately $452,000.

Other hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of JFrog by 91.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after buying an additional 574 shares during the period. KBC Group NV lifted its stake in shares of JFrog by 39.0% during the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after purchasing an additional 1,105 shares during the period. BankPlus Trust Department acquired a new stake in shares of JFrog during the fourth quarter worth $131,000. Tower Research Capital LLC TRC grew its position in shares of JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after purchasing an additional 5,297 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of JFrog in the fourth quarter valued at $193,000. 85.02% of the stock is owned by institutional investors and hedge funds.

JFrog Trading Down 0.4%

FROG stock traded down $0.17 during trading on Friday, reaching $42.73. The stock had a trading volume of 698,002 shares, compared to its average volume of 1,125,082. The firm has a fifty day moving average price of $35.36 and a 200 day moving average price of $34.07. The company has a market capitalization of $4.90 billion, a P/E ratio of -67.83 and a beta of 0.97. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.79.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm had revenue of $122.41 million during the quarter, compared to the consensus estimate of $117.44 million. During the same quarter in the prior year, the business posted $0.16 earnings per share. JFrog's revenue for the quarter was up 22.0% on a year-over-year basis. Sell-side analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Canaccord Genuity Group raised their price target on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. DA Davidson raised their target price on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Raymond James began coverage on shares of JFrog in a research note on Friday, April 11th. They set an "outperform" rating and a $40.00 price target on the stock. Barclays lowered their price objective on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Finally, Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, JFrog has a consensus rating of "Moderate Buy" and an average price target of $41.44.

Insider Activity at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 41,829 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the sale, the chief executive officer now owns 4,982,254 shares in the company, valued at $182,101,383.70. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Yoav Landman sold 20,000 shares of JFrog stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.56, for a total value of $711,200.00. Following the completion of the transaction, the chief technology officer now owns 6,456,901 shares of the company's stock, valued at approximately $229,607,399.56. The trade was a 0.31% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 212,548 shares of company stock valued at $7,167,041 over the last ninety days. Corporate insiders own 14.10% of the company's stock.

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.