Lisanti Capital Growth LLC Acquires New Position in JFrog Ltd. (NASDAQ:FROG)

Lisanti Capital Growth LLC bought a new stake in JFrog Ltd. (NASDAQ:FROG - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 99,965 shares of the company's stock, valued at approximately $3,199,000. Lisanti Capital Growth LLC owned about 0.09% of JFrog at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in FROG. Vanguard Group Inc. lifted its position in 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 in the last quarter. Champlain Investment Partners LLC raised its stake in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after acquiring an additional 797,949 shares during the period. Wasatch Advisors LP lifted its holdings in shares of JFrog by 3.3% during the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock valued at $65,028,000 after acquiring an additional 70,204 shares in the last quarter. Mackenzie Financial Corp boosted its position in JFrog by 93.8% during the 4th quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock worth $58,703,000 after purchasing an additional 965,912 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in JFrog by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock worth $52,509,000 after purchasing an additional 53,622 shares during the period. Hedge funds and other institutional investors own 85.02% of the company's stock.

Insider Buying and Selling at JFrog

In other JFrog news, CTO Yoav Landman sold 50,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $43.26, for a total value of $2,163,000.00. Following the sale, the chief technology officer owned 6,371,086 shares in the company, valued at approximately $275,613,180.36. This trade represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CRO Tali Notman sold 23,157 shares of JFrog stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $43.16, for a total value of $999,456.12. Following the sale, the executive directly owned 686,360 shares in the company, valued at approximately $29,623,297.60. This trade represents a 3.26% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 216,113 shares of company stock valued at $8,568,964. Corporate insiders own 14.10% of the company's stock.

JFrog Trading Down 2.9%

NASDAQ FROG traded down $1.27 during trading hours on Tuesday, reaching $42.61. The company's stock had a trading volume of 1,407,605 shares, compared to its average volume of 1,118,633. The business has a 50-day simple moving average of $40.41 and a 200 day simple moving average of $35.83. JFrog Ltd. has a 52 week low of $22.91 and a 52 week high of $45.10. The stock has a market cap of $4.88 billion, a PE ratio of -60.01 and a beta of 1.06.

JFrog (NASDAQ:FROG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. JFrog had a negative return on equity of 7.24% and a negative net margin of 17.52%. The business had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. During the same quarter last year, the business posted $0.16 EPS. The business's revenue was up 22.0% on a year-over-year basis. As a group, equities analysts predict that JFrog Ltd. will post -0.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Barclays reduced their price objective on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Cantor Fitzgerald reiterated an "overweight" rating and set a $46.00 target price on shares of JFrog in a report on Monday, May 5th. DA Davidson upped their price target on JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, 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. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, JFrog currently has a consensus rating of "Moderate Buy" and an average 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.