Lazard Asset Management LLC Buys 12,583 Shares of JFrog Ltd. (NASDAQ:FROG)

Lazard Asset Management LLC boosted its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 39.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 44,337 shares of the company's stock after buying an additional 12,583 shares during the quarter. Lazard Asset Management LLC's holdings in JFrog were worth $1,303,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FROG. JPMorgan Chase & Co. increased its position in shares of JFrog by 5.3% in the fourth quarter. JPMorgan Chase & Co. now owns 1,589,284 shares of the company's stock valued at $46,741,000 after acquiring an additional 80,432 shares during the period. abrdn plc lifted its holdings in JFrog by 4.1% in the 4th quarter. abrdn plc now owns 772,202 shares of the company's stock worth $22,784,000 after buying an additional 30,392 shares during the period. Vanguard Group Inc. increased its stake in shares of JFrog by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock valued at $259,882,000 after buying an additional 349,532 shares during the period. Peregrine Capital Management LLC increased its stake in shares of JFrog by 11.9% during the fourth quarter. Peregrine Capital Management LLC now owns 327,835 shares of the company's stock valued at $9,642,000 after buying an additional 34,900 shares during the period. Finally, TimesSquare Capital Management LLC raised its holdings in shares of JFrog by 12.0% during the fourth quarter. TimesSquare Capital Management LLC now owns 3,400,276 shares of the company's stock valued at $100,002,000 after acquiring an additional 365,376 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Stock Performance

Shares of FROG traded up $0.16 during trading hours on Thursday, hitting $42.77. The company had a trading volume of 734,046 shares, compared to its average volume of 1,136,229. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of -67.89 and a beta of 0.97. The firm has a fifty day moving average price of $34.17 and a 200-day moving average price of $33.49. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.79.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The business had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. JFrog's revenue was up 22.0% compared to the same quarter last year. During the same period last year, the business earned $0.16 EPS. Research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FROG has been the topic of a number of research analyst reports. Barclays reduced their price objective on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Needham & Company LLC raised their price objective on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 14th. DA Davidson lifted their price objective on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Raymond James assumed coverage on JFrog in a research report on Friday, April 11th. They issued an "outperform" rating and a $40.00 target price for the company. Finally, Canaccord Genuity Group lifted their price target on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, JFrog presently has an average rating of "Moderate Buy" and an average target price of $41.65.

Insider Buying and Selling

In other news, Director Frederic Simon sold 35,000 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total transaction of $1,171,800.00. Following the transaction, the director now directly owns 4,374,432 shares of the company's stock, valued at $146,455,983.36. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ben Haim Shlomi sold 41,829 shares of JFrog stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $1,528,849.95. Following the completion of the sale, the chief executive officer now owns 4,982,254 shares of the company's stock, valued at $182,101,383.70. The trade was a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 212,548 shares of company stock worth $7,167,041 in the last three months. Insiders own 14.10% of the company's stock.

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.