JFrog Ltd. (NASDAQ:FROG) Shares Purchased by Woodline Partners LP

Woodline Partners LP raised its position in JFrog Ltd. (NASDAQ:FROG - Free Report) by 1,312.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 438,454 shares of the company's stock after purchasing an additional 407,415 shares during the quarter. Woodline Partners LP owned about 0.43% of JFrog worth $12,895,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its holdings in 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 purchasing an additional 574 shares during the last quarter. KBC Group NV boosted its holdings in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after purchasing an additional 1,105 shares during the last quarter. BankPlus Trust Department acquired a new position in JFrog in the 4th quarter valued at about $131,000. Tower Research Capital LLC TRC boosted its holdings in JFrog by 33,106.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after purchasing an additional 5,297 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in JFrog in the 4th quarter valued at about $193,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

JFrog Stock Performance

Shares of NASDAQ:FROG traded up $0.70 during trading hours on Tuesday, reaching $43.19. The stock had a trading volume of 105,730 shares, compared to its average volume of 1,132,329. JFrog Ltd. has a 1 year low of $22.91 and a 1 year high of $43.79. The firm's 50 day moving average is $34.67 and its 200-day moving average is $33.76. The stock has a market capitalization of $4.95 billion, a price-to-earnings ratio of -68.56 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 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. During the same period in the prior year, the firm posted $0.16 EPS. The company's quarterly revenue was up 22.0% compared to the same quarter last year. Analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FROG shares. 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 report on Friday, May 9th. KeyCorp restated an "overweight" rating and issued a $46.00 price objective (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Raymond James started coverage on shares of JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective on the stock. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Barclays decreased their price objective on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, JFrog currently has an average rating of "Moderate Buy" and an average target price of $41.44.

Insider Buying and Selling at JFrog

In related news, CFO Eduard Grabscheid sold 6,672 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $243,861.60. Following the transaction, the chief financial officer now directly owns 166,236 shares of the company's stock, valued at $6,075,925.80. This trade represents a 3.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Yoav Landman sold 20,000 shares of the stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $30.45, for a total transaction of $609,000.00. Following the completion of the transaction, the chief technology officer now directly owns 6,436,901 shares in the company, valued at $196,003,635.45. This trade represents a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 212,548 shares of company stock valued at $7,167,041. 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.