Lisanti Capital Growth LLC Buys Shares of 99,965 JFrog Ltd. (NASDAQ:FROG)

Lisanti Capital Growth LLC purchased a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 99,965 shares of the company's stock, valued at approximately $3,199,000. Lisanti Capital Growth LLC owned 0.09% of JFrog as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its holdings in shares of JFrog by 91.1% during the fourth 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. Tower Research Capital LLC TRC raised its position in JFrog by 33,106.3% during the 4th 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 last quarter. US Bancorp DE lifted its stake in 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. BNP Paribas Financial Markets acquired a new stake in JFrog during the 4th quarter valued at approximately $212,000. Finally, IVC Wealth Advisors LLC purchased a new stake in shares of JFrog in the 1st quarter valued at $220,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FROG shares. Barclays decreased their target price on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Cantor Fitzgerald reiterated an "overweight" rating and set a $46.00 price target on shares of JFrog in a research report on Monday, May 5th. Raymond James Financial boosted their price target on JFrog from $40.00 to $50.00 and gave the company an "outperform" rating in a report on Tuesday. Scotiabank dropped their price objective on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. Finally, Morgan Stanley raised their price target on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Three equities research 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.06.

JFrog Trading Down 3.0%

FROG traded down $1.26 on Wednesday, hitting $41.35. 865,723 shares of the company's stock were exchanged, compared to its average volume of 1,117,628. 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 $4.74 billion, a price-to-earnings ratio of -58.24 and a beta of 1.06. The firm has a 50-day moving average price of $40.41 and a 200-day moving average price of $35.83.

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

Insider Transactions at JFrog

In other news, CRO Tali Notman sold 23,157 shares of JFrog stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.16, for a total transaction of $999,456.12. Following the transaction, the executive owned 686,360 shares in the company, valued at $29,623,297.60. The trade was a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Eduard Grabscheid sold 13,043 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $45.00, for a total transaction 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 $7,194,915. This represents a 7.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 216,113 shares of company stock valued at $8,568,964. 14.10% of the stock is currently owned by company insiders.

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.