Massachusetts Financial Services Co. MA Has $41.56 Million Holdings in JFrog Ltd. (NASDAQ:FROG)

Massachusetts Financial Services Co. MA boosted its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 15.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,298,840 shares of the company's stock after purchasing an additional 174,177 shares during the period. Massachusetts Financial Services Co. MA owned approximately 1.13% of JFrog worth $41,563,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased 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 valued at $35,000 after acquiring an additional 574 shares during the last quarter. Signaturefd LLC grew its holdings in shares of JFrog by 90.9% in the first quarter. Signaturefd LLC now owns 1,254 shares of the company's stock valued at $40,000 after purchasing an additional 597 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of JFrog by 33,106.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock valued at $156,000 after purchasing an additional 5,297 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of JFrog in the fourth quarter valued at approximately $212,000. Finally, IVC Wealth Advisors LLC acquired a new position in shares of JFrog in the first quarter valued at approximately $220,000. 85.02% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FROG. Morgan Stanley lifted their price target on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $46.00 price target on shares of JFrog in a research note on Monday, May 5th. Barclays reiterated an "overweight" rating and issued a $45.00 price target (up previously from $42.00) on shares of JFrog in a research note on Monday. Raymond James Financial set a $50.00 price target on shares of JFrog and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Finally, DA Davidson boosted their price objective on shares of JFrog from $40.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $42.25.

JFrog Stock Performance

JFrog stock traded down $0.30 during midday trading on Monday, reaching $41.95. The stock had a trading volume of 577,980 shares, compared to its average volume of 1,123,163. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.10. The company has a fifty day moving average of $42.20 and a 200 day moving average of $36.85.

JFrog (NASDAQ:FROG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.20 earnings per share for the quarter, beating 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 company had revenue of $122.41 million during the quarter, compared to analysts' expectations of $117.44 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. The firm's revenue for the quarter was up 22.0% on a year-over-year basis. Research analysts forecast that JFrog Ltd. will post -0.33 EPS for the current year.

Insider Transactions at JFrog

In related news, CTO Yoav Landman sold 50,000 shares of the business'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 completion of the sale, the chief technology officer directly owned 6,371,086 shares in the company, valued at approximately $275,613,180.36. The trade was a 0.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Tali Notman sold 23,157 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $43.16, for a total transaction of $999,456.12. Following the completion of the sale, the executive directly owned 686,360 shares in the company, valued at $29,623,297.60. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 258,338 shares of company stock worth $11,050,150. 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.