JFrog Ltd. (NASDAQ:FROG) Stock Holdings Increased by Fiera Capital Corp

Key Points

• Fiera Capital Corp increased its stake in JFrog Ltd. by 12.2% during the 1st quarter, acquiring an additional 184,448 shares, bringing its total ownership to 1,694,635 shares valued at $54.2 million.
• Several hedge funds have modified their JFrog holdings, with Signaturefd LLC increasing its stake by 90.9%, and institutional ownership of the stock now stands at 85.02%.
• Despite a positive earnings report, JFrog’s stock has experienced analyst rating fluctuations, with target prices set between $36.00 and $50.00, indicating varying outlooks on future performance.

Fiera Capital Corp increased its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 12.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,694,635 shares of the company's stock after acquiring an additional 184,448 shares during the quarter. Fiera Capital Corp owned approximately 1.48% of JFrog worth $54,228,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in JFrog by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock worth $259,882,000 after acquiring an additional 349,532 shares during the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of JFrog by 6.5% in the 1st quarter. TimesSquare Capital Management LLC now owns 3,622,911 shares of the company's stock valued at $115,933,000 after purchasing an additional 222,635 shares during the last quarter. Champlain Investment Partners LLC boosted its holdings in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after purchasing an additional 797,949 shares during the last quarter. Wasatch Advisors LP boosted its holdings in shares of JFrog by 3.3% in the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock valued at $65,028,000 after purchasing an additional 70,204 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of JFrog by 93.8% in the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock valued at $58,703,000 after purchasing an additional 965,912 shares during the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Raymond James Financial set a $50.00 price target on shares of JFrog and gave the company an "outperform" rating in a report on Tuesday, July 1st. Scotiabank decreased their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 price target on shares of JFrog in a report on Monday, May 5th. Finally, Barclays reissued an "overweight" rating and issued a $45.00 target price (up previously from $42.00) on shares of JFrog in a research note on Monday, July 21st. Three investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, JFrog presently has an average rating of "Moderate Buy" and an average target price of $42.25.

Insider Activity

In other news, CFO Eduard Grabscheid sold 13,043 shares of the company's stock in a transaction that occurred on Wednesday, June 4th. The shares were sold at an average price of $45.00, for a total value of $586,935.00. Following the completion of the sale, the chief financial officer directly owned 159,887 shares of the company's stock, valued at approximately $7,194,915. This represents a 7.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CRO Tali Notman sold 23,157 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was 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 of the company's stock, valued at approximately $29,623,297.60. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 258,338 shares of company stock worth $11,050,150 over the last three months. Insiders own 14.10% of the company's stock.

JFrog Stock Performance

Shares of NASDAQ FROG traded down $1.19 during midday trading on Friday, hitting $42.23. The company's stock had a trading volume of 438,797 shares, compared to its average volume of 1,033,783. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $45.99. The firm's fifty day moving average price is $42.21 and its 200-day moving average price is $37.48. The firm has a market cap of $4.84 billion, a P/E ratio of -59.57 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.16 by $0.04. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The business had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. During the same period in the previous year, the business posted $0.16 EPS. The company's quarterly revenue was up 22.0% on a year-over-year basis. As a group, research analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal 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.