Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 14.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 605,721 shares of the company's stock after purchasing an additional 77,461 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.53% of JFrog worth $19,383,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in FROG. LPL Financial LLC increased its holdings in shares of JFrog by 19.8% during the 4th quarter. LPL Financial LLC now owns 22,002 shares of the company's stock worth $647,000 after buying an additional 3,633 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of JFrog by 5.8% during the 4th quarter. Geode Capital Management LLC now owns 143,481 shares of the company's stock worth $4,220,000 after buying an additional 7,839 shares during the last quarter. ExodusPoint Capital Management LP acquired a new stake in shares of JFrog during the 4th quarter worth $635,000. Bank of Montreal Can acquired a new stake in shares of JFrog during the 4th quarter worth $405,000. Finally, Legal & General Group Plc increased its holdings in shares of JFrog by 4.1% during the 4th quarter. Legal & General Group Plc now owns 542,055 shares of the company's stock worth $15,942,000 after buying an additional 21,567 shares during the last quarter. 85.02% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Stifel Nicolaus upped their price objective on JFrog from $45.00 to $53.00 and gave the stock a "buy" rating in a report on Friday. Piper Sandler increased their price target on JFrog from $40.00 to $48.00 and gave the company a "neutral" rating in a report on Friday. Raymond James Financial increased their price target on JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday. Finally, Morgan Stanley increased their price target on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.87.
Get Our Latest Stock Report on FROG
Insiders Place Their Bets
In related news, 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 completion of the transaction, the executive directly owned 686,360 shares in the company, valued at approximately $29,623,297.60. This trade represents a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ben Haim Shlomi sold 54,279 shares of JFrog stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.07, for a total value of $2,337,796.53. Following the completion of the transaction, the chief executive officer owned 4,996,412 shares of the company's stock, valued at $215,195,464.84. This trade represents a 1.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 258,338 shares of company stock valued at $11,050,150. 14.10% of the stock is owned by company insiders.
JFrog Stock Performance
NASDAQ:FROG opened at $43.62 on Friday. JFrog Ltd. has a one year low of $24.13 and a one year high of $46.64. The business's 50-day simple moving average is $42.13 and its 200 day simple moving average is $37.89. The stock has a market cap of $5.00 billion, a price-to-earnings ratio of -56.65 and a beta of 1.06.
JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.16 by $0.02. JFrog had a negative return on equity of 7.66% and a negative net margin of 18.18%. The business had revenue of $127.20 million for the quarter, compared to analysts' expectations of $122.80 million. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company's revenue was up 23.5% compared to the same quarter last year. On average, equities research analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.
About JFrog
(
Free Report)
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.
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