Public Employees Retirement System of Ohio Raises Stock Holdings in JFrog Ltd. (NASDAQ:FROG)

Public Employees Retirement System of Ohio grew its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 83,237 shares of the company's stock after purchasing an additional 7,494 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.08% of JFrog worth $2,448,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of JFrog by 5.3% during the 4th quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock valued at $46,741,000 after purchasing an additional 80,432 shares during the last quarter. abrdn plc increased its holdings in JFrog by 4.1% in the 4th quarter. abrdn plc now owns 772,202 shares of the company's stock worth $22,784,000 after acquiring an additional 30,392 shares during the last quarter. Vanguard Group Inc. increased its holdings in JFrog by 4.1% in the 4th 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. Peregrine Capital Management LLC increased its holdings in JFrog by 11.9% in the 4th quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock worth $9,642,000 after acquiring an additional 34,900 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in JFrog in the 4th quarter worth about $212,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on FROG. Barclays decreased their price objective on JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a report on Friday, May 9th. Cantor Fitzgerald reissued an "overweight" rating and issued a $46.00 price objective on shares of JFrog in a report on Monday, May 5th. Raymond James began coverage on JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective for the company. Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Finally, Truist Financial lifted their price objective on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Three equities research 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 company's stock. According to data from MarketBeat, JFrog presently has an average rating of "Moderate Buy" and a consensus price target of $41.44.

Insider Activity

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

JFrog Trading Down 1.4%

Shares of FROG traded down $0.59 during trading hours on Wednesday, reaching $42.84. 1,943,554 shares of the company's stock traded hands, compared to its average volume of 1,132,745. The stock has a market cap of $4.91 billion, a PE ratio of -68.00 and a beta of 1.07. The firm's 50 day simple moving average is $36.02 and its 200-day simple moving average is $34.31. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $44.98.

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