IVC Wealth Advisors LLC Invests $220,000 in JFrog Ltd. (NASDAQ:FROG)

IVC Wealth Advisors LLC acquired a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,875 shares of the company's stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in JFrog by 91.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after acquiring an additional 574 shares during the period. KBC Group NV increased its stake in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after acquiring an additional 1,105 shares during the period. BankPlus Trust Department bought a new stake in JFrog in the fourth quarter valued at about $131,000. Tower Research Capital LLC TRC grew its stake 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. Finally, SG Americas Securities LLC bought a new stake in JFrog during the fourth quarter worth about $193,000. Institutional investors own 85.02% of the company's stock.

JFrog Stock Up 3.7%

NASDAQ FROG traded up $1.61 during trading hours on Monday, hitting $44.55. The company's stock had a trading volume of 2,385,490 shares, compared to its average volume of 1,130,125. The stock has a fifty day moving average of $35.36 and a 200 day moving average of $34.09. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $44.86. The firm has a market capitalization of $5.10 billion, a P/E ratio of -70.71 and a beta of 0.97.

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

Insider Activity at JFrog

In other JFrog news, CTO Yoav Landman sold 20,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $35.56, for a total value of $711,200.00. Following the completion of the sale, the chief technology officer now owns 6,456,901 shares of the company's stock, valued at approximately $229,607,399.56. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ben Haim Shlomi sold 34,724 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $34.28, for a total transaction of $1,190,338.72. Following the completion of the sale, the chief executive officer now directly owns 4,947,530 shares of the company's stock, valued at $169,601,328.40. The trade was a 0.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 147,499 shares of company stock worth $4,789,500 over the last ninety days. Company insiders own 14.10% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on FROG shares. KeyCorp reaffirmed an "overweight" rating and set a $46.00 price objective (up from $36.00) on shares of JFrog in a research note on Friday, February 14th. Canaccord Genuity Group upped their price objective on shares of JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Raymond James started coverage on shares of JFrog in a research note on Friday, April 11th. They set an "outperform" rating and a $40.00 price objective on the stock. Finally, DA Davidson upped their price objective on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Three research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $41.44.

JFrog 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.