JFrog Ltd. (NASDAQ:FROG) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund increased its holdings in JFrog Ltd. (NASDAQ:FROG - Free Report) by 14.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 419,757 shares of the company's stock after buying an additional 53,547 shares during the period. New York State Common Retirement Fund owned about 0.37% of JFrog worth $13,432,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of JFrog by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 8,836,526 shares of the company's stock valued at $259,882,000 after purchasing an additional 349,532 shares during the last quarter. Champlain Investment Partners LLC boosted its stake in shares of JFrog by 48.4% in the 4th quarter. Champlain Investment Partners LLC now owns 2,446,819 shares of the company's stock valued at $71,961,000 after purchasing an additional 797,949 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of JFrog by 3.3% during the 4th quarter. Wasatch Advisors LP now owns 2,211,088 shares of the company's stock valued at $65,028,000 after acquiring an additional 70,204 shares during the period. Mackenzie Financial Corp raised its stake in JFrog by 93.8% in the fourth quarter. Mackenzie Financial Corp now owns 1,996,012 shares of the company's stock valued at $58,703,000 after purchasing an additional 965,912 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in JFrog by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,785,401 shares of the company's stock worth $52,509,000 after purchasing an additional 53,622 shares in the last quarter. Hedge funds and other institutional investors own 85.02% of the company's stock.

Insider Activity

In related news, Director Frederic Simon sold 35,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $41.71, for a total transaction of $1,459,850.00. Following the sale, the director owned 4,239,903 shares in the company, valued at approximately $176,846,354.13. This trade represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Yoav Landman sold 8,734 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $42.39, for a total transaction of $370,234.26. Following the completion of the sale, the chief technology officer directly owned 6,321,086 shares in the company, valued at approximately $267,950,835.54. This represents a 0.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 258,338 shares of company stock valued at $11,050,150. 14.10% of the stock is currently owned by corporate insiders.

JFrog Stock Down 0.7%

JFrog stock traded down $0.30 during midday trading on Monday, hitting $41.95. 577,980 shares of the stock were exchanged, compared to its average volume of 1,123,163. The business's 50-day moving average price is $42.20 and its 200-day moving average price is $36.85. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of -59.08 and a beta of 1.06. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $45.10.

JFrog (NASDAQ:FROG - Get Free Report) last issued 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 net margin of 17.52% and a negative return on equity of 7.24%. The company had revenue of $122.41 million for the quarter, compared to analysts' expectations of $117.44 million. During the same period in the prior year, the business earned $0.16 EPS. The firm's quarterly revenue was up 22.0% on a year-over-year basis. On average, sell-side analysts predict that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FROG has been the topic of several recent research reports. Barclays restated an "overweight" rating and issued a $45.00 price objective (up from $42.00) on shares of JFrog in a research report on Monday. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $46.00 price target on shares of JFrog in a research note on Monday, May 5th. Scotiabank reduced their price target on JFrog from $40.00 to $36.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Morgan Stanley lifted their target price on JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Wall Street Zen raised shares of JFrog from a "hold" rating to a "buy" rating in a report on Sunday, June 29th. Three research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $42.25.

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.