TimesSquare Capital Management LLC Has $115.93 Million Holdings in JFrog Ltd. (NASDAQ:FROG)

TimesSquare Capital Management LLC lifted its stake in JFrog Ltd. (NASDAQ:FROG - Free Report) by 6.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,622,911 shares of the company's stock after purchasing an additional 222,635 shares during the period. JFrog comprises about 1.9% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 6th largest position. TimesSquare Capital Management LLC owned 3.16% of JFrog worth $115,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp lifted its position 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 worth $35,000 after purchasing 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 worth $40,000 after buying an additional 597 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in 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 buying an additional 5,297 shares during the period. US Bancorp DE lifted its holdings in JFrog by 7.7% during the fourth quarter. US Bancorp DE now owns 7,199 shares of the company's stock worth $212,000 after buying an additional 512 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in JFrog during the 4th quarter valued at $212,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Stock Performance

NASDAQ FROG traded up $0.66 during trading hours on Thursday, reaching $40.96. The company's stock had a trading volume of 1,053,971 shares, compared to its average volume of 1,125,194. The company's 50-day moving average is $42.13 and its two-hundred day moving average is $36.67. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $45.10. The stock has a market cap of $4.69 billion, a PE ratio of -57.69 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping 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 firm's quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.16 EPS. Equities analysts expect that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 value of $586,935.00. Following the completion of the sale, the chief financial officer owned 159,887 shares in the company, valued at approximately $7,194,915. This trade represents a 7.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Frederic Simon sold 35,000 shares of the firm'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 sale, the director owned 4,239,903 shares in the company, valued at approximately $176,846,354.13. The trade was a 0.82% decrease in their ownership of the stock. 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. Company insiders own 14.10% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Scotiabank cut their price target on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $46.00 price target on shares of JFrog in a research report on Monday, May 5th. Barclays lowered their price objective on JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Finally, Raymond James Financial set a $50.00 target price on JFrog and gave the company an "outperform" rating in a research report on Tuesday, July 1st. Three investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, JFrog has a consensus rating of "Moderate Buy" and a consensus price target of $42.06.

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.