Segall Bryant & Hamill LLC Has $9.22 Million Stake in JFrog Ltd. (NASDAQ:FROG)

Segall Bryant & Hamill LLC boosted its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 44.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 288,065 shares of the company's stock after acquiring an additional 88,603 shares during the quarter. Segall Bryant & Hamill LLC owned 0.25% of JFrog worth $9,218,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jones Financial Companies Lllp lifted its holdings in shares of JFrog by 91.1% in the 4th 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. Signaturefd LLC raised its stake in JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after buying an additional 597 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of 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 purchasing an additional 5,297 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in shares of JFrog during the fourth quarter worth about $212,000. Finally, IVC Wealth Advisors LLC purchased a new stake in JFrog in the 1st quarter valued at approximately $220,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

Analyst Ratings Changes

FROG has been the topic of several research reports. DA Davidson lifted their price target on shares of JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, May 9th. Morgan Stanley raised their target price on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Cantor Fitzgerald restated an "overweight" rating and set a $46.00 price target on shares of JFrog in a report on Monday, May 5th. Finally, Barclays reissued an "overweight" rating and set a $45.00 price target (up previously from $42.00) on shares of JFrog in a research report on Monday. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $42.25.

JFrog Stock Down 0.7%

Shares of NASDAQ:FROG traded down $0.30 on Monday, hitting $41.95. The company had a trading volume of 577,980 shares, compared to its average volume of 1,123,163. The business has a 50 day moving average of $42.20 and a 200 day moving average of $36.85. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.10.

JFrog (NASDAQ:FROG - Get Free Report) last posted its 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. JFrog had a negative return on equity of 7.24% and a negative net margin of 17.52%. The business had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. During the same quarter last year, the firm earned $0.16 earnings per share. The company's revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, equities research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Activity at JFrog

In related news, CEO Ben Haim Shlomi sold 54,279 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.07, for a total transaction of $2,337,796.53. Following the transaction, the chief executive officer directly owned 4,996,412 shares in the company, valued at $215,195,464.84. The trade was a 1.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 shares were sold at an average price of $43.16, for a total value of $999,456.12. Following the completion of the sale, the executive owned 686,360 shares in the company, 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 258,338 shares of company stock worth $11,050,150 in the last quarter. Company 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.