Mackenzie Financial Corp Purchases 965,912 Shares of JFrog Ltd. (NASDAQ:FROG)

Mackenzie Financial Corp lifted its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 93.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,996,012 shares of the company's stock after buying an additional 965,912 shares during the period. Mackenzie Financial Corp owned about 1.96% of JFrog worth $58,703,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its holdings in JFrog by 9.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 83,237 shares of the company's stock valued at $2,448,000 after acquiring an additional 7,494 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in JFrog by 19.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 185,552 shares of the company's stock valued at $5,457,000 after acquiring an additional 30,035 shares during the period. Woodline Partners LP raised its holdings in JFrog by 1,312.6% in the 4th quarter. Woodline Partners LP now owns 438,454 shares of the company's stock valued at $12,895,000 after acquiring an additional 407,415 shares during the period. Sphera Management Technology Funds Ltd bought a new position in JFrog in the 4th quarter valued at about $2,455,000. Finally, Squarepoint Ops LLC raised its holdings in JFrog by 20.3% in the 4th quarter. Squarepoint Ops LLC now owns 89,166 shares of the company's stock valued at $2,622,000 after acquiring an additional 15,063 shares during the period. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays lowered their price target on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a report on Friday, May 9th. Morgan Stanley increased their price target on shares of JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $46.00 target price on shares of JFrog in a report on Monday, May 5th. Truist Financial raised their target price on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a report on Saturday. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, JFrog presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.44.

JFrog Price Performance

NASDAQ:FROG traded down $0.38 during mid-day trading on Wednesday, reaching $42.72. The stock had a trading volume of 545,368 shares, compared to its average volume of 1,133,143. The stock has a 50-day simple moving average of $34.86 and a two-hundred day simple moving average of $33.83. The stock has a market capitalization of $4.89 billion, a PE ratio of -67.81 and a beta of 0.97. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.79.

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

Insider Buying and Selling at JFrog

In other news, CRO Tali Notman sold 16,548 shares of JFrog stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $604,829.40. Following the transaction, the executive now owns 744,903 shares in the company, valued at approximately $27,226,204.65. The trade was a 2.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Frederic Simon sold 35,000 shares of JFrog 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 owns 4,374,432 shares in the company, valued at approximately $146,455,983.36. This trade represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 212,548 shares of company stock worth $7,167,041 over the last quarter. Corporate insiders own 14.10% of the company's stock.

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.