Massachusetts Financial Services Co. MA Buys 174,177 Shares of JFrog Ltd. (NASDAQ:FROG)

Massachusetts Financial Services Co. MA raised its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 15.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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.

A number of other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp increased its holdings in 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 buying an additional 574 shares during the last quarter. Signaturefd LLC grew its stake in JFrog by 90.9% in the 1st quarter. Signaturefd LLC now owns 1,254 shares of the company's stock worth $40,000 after buying an additional 597 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of JFrog by 33,106.3% in the 4th 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. IVC Wealth Advisors LLC purchased a new stake in JFrog during the 1st quarter valued at $220,000. Finally, BNP Paribas Financial Markets purchased a new stake in JFrog during the 4th quarter valued at $212,000. 85.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 54,279 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $43.07, for a total value of $2,337,796.53. Following the transaction, the chief executive officer directly owned 4,996,412 shares of the company's stock, valued at $215,195,464.84. This represents a 1.07% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Tali Notman sold 23,157 shares of the business's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $43.16, for a total value of $999,456.12. Following the transaction, the executive owned 686,360 shares of the company's stock, valued at $29,623,297.60. This trade represents a 3.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 258,338 shares of company stock valued at $11,050,150 over the last three months. 14.10% of the stock is currently owned by insiders.

JFrog Stock Up 1.6%

Shares of JFrog stock opened at $40.96 on Friday. The company has a market cap of $4.69 billion, a price-to-earnings ratio of -57.69 and a beta of 1.06. The company's 50 day moving average is $42.13 and its 200 day moving average is $36.67. JFrog Ltd. has a twelve month low of $22.91 and a twelve month high of $45.10.

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. The firm had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. JFrog had a negative net margin of 17.52% and a negative return on equity of 7.24%. The business's revenue was up 22.0% on a year-over-year basis. During the same quarter last year, the business earned $0.16 EPS. Sell-side analysts expect that JFrog Ltd. will post -0.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FROG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of JFrog from a "hold" rating to a "buy" rating in a research note on Sunday, June 29th. Scotiabank cut their price objective on shares of JFrog from $40.00 to $36.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Barclays dropped their price target on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research note on Friday, May 9th. Cantor Fitzgerald reissued an "overweight" rating and set a $46.00 price objective on shares of JFrog in a research report on Monday, May 5th. Finally, Morgan Stanley boosted their price objective on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $42.06.

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.

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