JFrog Ltd. (NASDAQ:FROG) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. decreased its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 56.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,000 shares of the company's stock after selling 19,400 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in JFrog were worth $480,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FROG. Raymond James Financial Inc. bought a new stake in JFrog during the 4th quarter valued at $30,554,000. Mackenzie Financial Corp raised its position in JFrog by 93.8% during 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 in the last quarter. Champlain Investment Partners LLC raised 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 purchasing an additional 797,949 shares in the last quarter. Bamco Inc. NY bought a new stake in JFrog during the 4th quarter valued at $21,322,000. Finally, Daventry Group LP raised its position in JFrog by 103.0% during the 4th quarter. Daventry Group LP now owns 1,403,708 shares of the company's stock valued at $41,283,000 after purchasing an additional 712,373 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FROG. Stifel Nicolaus lifted their price target on JFrog from $45.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. Raymond James Financial lifted their price target on JFrog from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Morgan Stanley lifted their price target on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. KeyCorp lifted their price target on JFrog from $46.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Finally, Cantor Fitzgerald lifted their price target on JFrog from $46.00 to $55.00 and gave the company an "overweight" rating in a report on Friday, August 8th. Two investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $46.87.

Insiders Place Their Bets

In other news, CRO Tali Notman sold 23,157 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $43.16, for a total value of $999,456.12. Following the completion of the transaction, the executive owned 686,360 shares of the company's stock, valued at $29,623,297.60. The trade was a 3.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total value of $1,459,850.00. Following the completion of the transaction, the director directly owned 4,239,903 shares of the company's stock, valued at approximately $176,846,354.13. This trade represents a 0.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 308,338 shares of company stock worth $13,154,150. 14.10% of the stock is currently owned by company insiders.

JFrog Price Performance

JFrog stock traded up $2.38 during trading hours on Friday, hitting $45.11. 2,107,467 shares of the stock traded hands, compared to its average volume of 1,396,270. The firm's 50 day moving average price is $42.05 and its 200-day moving average price is $38.15. The stock has a market capitalization of $5.27 billion, a price-to-earnings ratio of -58.58 and a beta of 1.06. JFrog Ltd. has a 1 year low of $25.93 and a 1 year high of $46.64.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. The business had revenue of $127.20 million for the quarter, compared to the consensus estimate of $122.80 million. JFrog had a negative return on equity of 7.54% and a negative net margin of 18.18%. The company's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS. Research analysts forecast that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

JFrog Company 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.