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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp raised its position 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 acquiring an additional 574 shares during the last quarter. KBC Group NV raised its position in shares of JFrog by 39.0% during the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after acquiring an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new stake in shares of JFrog during the fourth quarter worth $131,000. Tower Research Capital LLC TRC raised its position in shares of JFrog by 33,106.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after acquiring an additional 5,297 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of JFrog during the fourth quarter worth $193,000. Institutional investors own 85.02% of the company's stock.

Insider Buying and Selling

In other news, CEO Ben Haim Shlomi sold 41,829 shares of the firm's stock in a transaction that occurred on 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 directly owns 4,982,254 shares of the company's stock, valued at $182,101,383.70. This trade represents a 0.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Yoav Landman sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $30.45, for a total value of $609,000.00. Following the completion of the sale, the chief technology officer now directly owns 6,436,901 shares of the company's stock, valued at approximately $196,003,635.45. The trade was a 0.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 212,548 shares of company stock worth $7,167,041. Corporate insiders own 14.10% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on FROG shares. Morgan Stanley boosted their target price on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Raymond James started coverage on JFrog in a report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective for the company. Needham & Company LLC upped their price objective on JFrog from $39.00 to $46.00 and gave the company a "buy" rating in a report on Friday, February 14th. KeyCorp reiterated an "overweight" rating and issued a $46.00 price objective (up previously from $36.00) on shares of JFrog in a report on Friday, February 14th. Finally, Stifel Nicolaus upped their price objective on JFrog from $35.00 to $45.00 and gave the company a "buy" rating in a report on Friday, February 14th. Three 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 company's stock. According to data from MarketBeat, JFrog currently has an average rating of "Moderate Buy" and an average target price of $41.44.

JFrog Trading Down 1.0%

Shares of FROG stock traded down $0.43 on Friday, hitting $42.47. 212,811 shares of the stock were exchanged, compared to its average volume of 1,125,227. The firm has a market capitalization of $4.87 billion, a P/E ratio of -67.42 and a beta of 0.97. The business has a 50-day moving average of $35.20 and a 200 day moving average of $33.97. JFrog Ltd. has a fifty-two week low of $22.91 and a fifty-two week high of $43.79.

JFrog (NASDAQ:FROG - Get Free Report) last released its 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 6.42% and a negative net margin of 16.16%. The business had revenue of $122.41 million for the quarter, compared to analyst estimates of $117.44 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. JFrog's revenue was up 22.0% on a year-over-year basis. As a group, research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

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.