TimesSquare Capital Management LLC Increases Position in JFrog Ltd. (NASDAQ:FROG)

TimesSquare Capital Management LLC grew its stake in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 6.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 3,622,911 shares of the company's stock after acquiring an additional 222,635 shares during the quarter. JFrog comprises about 1.9% of TimesSquare Capital Management LLC's portfolio, making the stock its 6th biggest holding. TimesSquare Capital Management LLC owned approximately 3.16% of JFrog worth $115,933,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of FROG. US Bancorp DE lifted its position in shares of JFrog by 7.7% during the 4th quarter. US Bancorp DE now owns 7,199 shares of the company's stock valued at $212,000 after acquiring an additional 512 shares during the period. Jones Financial Companies Lllp lifted its position in shares of JFrog by 91.1% during the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock valued at $35,000 after acquiring an additional 574 shares during the period. Swiss National Bank lifted its position in shares of JFrog by 2.6% during the 4th quarter. Swiss National Bank now owns 184,600 shares of the company's stock valued at $5,429,000 after acquiring an additional 4,700 shares during the period. William Blair Investment Management LLC lifted its position in shares of JFrog by 8.6% during the 4th quarter. William Blair Investment Management LLC now owns 876,440 shares of the company's stock worth $25,776,000 after buying an additional 69,627 shares during the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in shares of JFrog during the 4th quarter worth $675,000. 85.02% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CRO Tali Notman sold 23,157 shares of the 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 sale, the executive owned 686,360 shares of the company's stock, valued at approximately $29,623,297.60. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Eduard Grabscheid sold 13,043 shares of the stock in a transaction dated Wednesday, June 4th. The shares were 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 directly owned 159,887 shares of the company's stock, valued at approximately $7,194,915. The trade was a 7.54% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 258,338 shares of company stock valued at $11,050,150. Corporate insiders own 14.10% of the company's stock.

JFrog Trading Up 0.1%

FROG traded up $0.05 on Wednesday, reaching $40.29. The stock had a trading volume of 736,927 shares, compared to its average volume of 1,123,255. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -56.75 and a beta of 1.06. The firm has a 50-day moving average of $41.90 and a 200-day moving average of $36.57. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $45.10.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The company 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 quarterly revenue was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 earnings per share. Sell-side analysts anticipate that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on FROG shares. Wall Street Zen upgraded JFrog from a "hold" rating to a "buy" rating in a research report on Sunday, June 29th. Raymond James Financial set a $50.00 price objective on JFrog and gave the stock an "outperform" rating in a research report on Tuesday, July 1st. DA Davidson upped their price objective on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Cantor Fitzgerald restated an "overweight" rating and set a $46.00 price objective on shares of JFrog in a research report on Monday, May 5th. Finally, Scotiabank dropped their price objective on 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 given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.06.

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.