38,466 Shares in JFrog Ltd. (NASDAQ:FROG) Acquired by Man Group plc

Man Group plc bought a new position in JFrog Ltd. (NASDAQ:FROG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 38,466 shares of the company's stock, valued at approximately $1,131,000.

A number of other institutional investors also recently bought and sold shares of FROG. Park Avenue Securities LLC bought a new position in JFrog in the 4th quarter worth $204,000. SG Americas Securities LLC bought a new position in JFrog in the 4th quarter worth $193,000. Exchange Traded Concepts LLC raised its holdings in JFrog by 10.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company's stock worth $2,655,000 after purchasing an additional 8,426 shares during the period. KBC Group NV raised its holdings in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock worth $116,000 after purchasing an additional 1,105 shares during the period. Finally, Washington Capital Management Inc. raised its holdings in JFrog by 44.8% in the 4th quarter. Washington Capital Management Inc. now owns 21,000 shares of the company's stock worth $618,000 after purchasing an additional 6,500 shares during the period. 85.02% of the stock is owned by institutional investors.

JFrog Stock Up 1.0%

FROG traded up $0.44 on Thursday, hitting $43.16. The company had a trading volume of 204,359 shares, compared to its average volume of 1,129,844. The company has a market cap of $4.94 billion, a PE ratio of -68.46 and a beta of 0.97. JFrog Ltd. has a 12-month low of $22.91 and a 12-month high of $43.79. The business's fifty day simple moving average is $35.03 and its 200 day simple moving average is $33.89.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.16 by $0.04. The company had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. JFrog had a negative return on equity of 6.42% and a negative net margin of 16.16%. The firm's revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. On average, analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on FROG. Needham & Company LLC raised their target price on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $46.00 price target on shares of JFrog in a report on Monday, May 5th. KeyCorp reissued an "overweight" rating and set a $46.00 price target (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Morgan Stanley raised their price target on JFrog from $39.00 to $42.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, DA Davidson raised their price target on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a report on Friday, May 9th. Three equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, JFrog has a consensus rating of "Moderate Buy" and an average price target of $41.44.

Insider Buying and Selling at JFrog

In other JFrog news, Director Frederic Simon sold 20,000 shares of the business's stock in a transaction that occurred on Tuesday, April 8th. The stock was sold at an average price of $28.66, for a total transaction of $573,200.00. Following the completion of the transaction, the director now owns 4,354,432 shares in the company, valued at $124,798,021.12. The trade was a 0.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ben Haim Shlomi sold 41,829 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total value of $1,528,849.95. Following the transaction, the chief executive officer now 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 position. The disclosure for this sale can be found here. Insiders sold 212,548 shares of company stock worth $7,167,041 over the last 90 days. Company insiders own 14.10% of the company's stock.

About JFrog

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.