JFrog Ltd. (NASDAQ:FROG) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 197,055 shares of the company's stock after purchasing an additional 12,269 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.17% of JFrog worth $6,306,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in JFrog by 4.1% during 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 in the last quarter. Champlain Investment Partners LLC boosted its position in JFrog by 48.4% during the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after acquiring an additional 797,949 shares in 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 buying an additional 70,204 shares in the last quarter. 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 buying an additional 965,912 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of JFrog by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock valued at $52,509,000 after buying an additional 53,622 shares in the last quarter. Institutional investors own 85.02% of the company's stock.

JFrog Price Performance

Shares of JFrog stock traded down $0.08 during trading hours on Friday, hitting $41.54. The company had a trading volume of 738,305 shares, compared to its average volume of 821,282. The company's 50-day moving average is $42.15 and its two-hundred day moving average is $37.19. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $45.10. The company has a market cap of $4.76 billion, a P/E ratio of -58.51 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last announced 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. The firm had revenue of $122.41 million during the quarter, compared to analysts' expectations of $117.44 million. JFrog had a negative return on equity of 7.24% and a negative net margin of 17.52%. The business's revenue was up 22.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.16 EPS. Sell-side analysts expect that JFrog Ltd. will post -0.33 EPS for the current year.

Wall Street Analysts Forecast Growth

FROG has been the subject of several recent analyst reports. Raymond James Financial set a $50.00 target price on shares of JFrog and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Wall Street Zen raised JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Morgan Stanley raised their target price on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Barclays raised their target price on JFrog from $42.00 to $45.00 and gave the stock an "overweight" rating in a research note on Monday, July 21st. Finally, Scotiabank cut their price objective on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.25.

Insider Activity

In related news, CTO Yoav Landman sold 8,734 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $42.39, for a total transaction of $370,234.26. Following the completion of the sale, the chief technology officer owned 6,321,086 shares in the company, valued at $267,950,835.54. This represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Eduard Grabscheid sold 13,043 shares of the stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $45.00, for a total transaction of $586,935.00. Following the sale, the chief financial officer owned 159,887 shares of the company's stock, valued at $7,194,915. This trade represents a 7.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 258,338 shares of company stock worth $11,050,150 over the last 90 days. 14.10% of the stock is owned by corporate insiders.

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.