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

Lazard Asset Management LLC lifted its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 39.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,337 shares of the company's stock after purchasing an additional 12,583 shares during the period. Lazard Asset Management LLC's holdings in JFrog were worth $1,303,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, CEO Ben Haim Shlomi sold 41,829 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the sale, the chief executive officer now directly owns 4,982,254 shares of the company's stock, valued at $182,101,383.70. This represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Eduard Grabscheid sold 6,672 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $243,861.60. Following the sale, the chief financial officer now directly owns 166,236 shares in the company, valued at $6,075,925.80. This trade represents a 3.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 212,548 shares of company stock valued at $7,167,041. 14.10% of the stock is currently owned by insiders.

JFrog Trading Down 0.7%

NASDAQ FROG traded down $0.28 on Friday, reaching $42.49. The company's stock had a trading volume of 598,433 shares, compared to its average volume of 1,136,429. The firm has a market cap of $4.87 billion, a PE ratio of -67.44 and a beta of 0.97. The business has a 50-day moving average price of $34.51 and a 200 day moving average price of $33.68. 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 posted its earnings results 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 for the quarter, compared to analysts' expectations of $117.44 million. JFrog had a negative net margin of 16.16% and a negative return on equity of 6.42%. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on FROG shares. Needham & Company LLC boosted their target price on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Morgan Stanley boosted their target price 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 target price on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus boosted their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group upped their price objective on shares of JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Three analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, JFrog has a consensus rating of "Moderate Buy" and an average price target of $41.44.

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.