JFrog Ltd. (NASDAQ:FROG) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 79.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,121 shares of the company's stock after buying an additional 68,463 shares during the quarter. Northern Trust Corp owned 0.15% of JFrog worth $4,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE raised its holdings in JFrog by 7.7% in the 4th quarter. US Bancorp DE now owns 7,199 shares of the company's stock worth $212,000 after purchasing an additional 512 shares during the period. Jones Financial Companies Lllp raised its holdings in JFrog by 91.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,204 shares of the company's stock worth $35,000 after purchasing an additional 574 shares during the period. Arizona State Retirement System raised its holdings in JFrog by 2.6% in the 4th quarter. Arizona State Retirement System now owns 27,218 shares of the company's stock worth $800,000 after purchasing an additional 682 shares during the period. Blair William & Co. IL raised its holdings in JFrog by 0.3% in the 4th quarter. Blair William & Co. IL now owns 282,084 shares of the company's stock worth $8,296,000 after purchasing an additional 968 shares during the period. Finally, 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. 85.02% of the stock is owned by institutional investors.

Insider Transactions at JFrog

In other news, 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 transaction of $609,000.00. Following the completion of the sale, the chief technology officer now owns 6,436,901 shares in the company, valued at $196,003,635.45. This trade represents a 0.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ben Haim Shlomi sold 41,829 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the transaction, the chief executive officer now directly owns 4,982,254 shares of the company's stock, valued at $182,101,383.70. The trade was a 0.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 212,548 shares of company stock valued at $7,167,041 in the last ninety days. 14.10% of the stock is currently owned by corporate insiders.

JFrog Trading Up 1.4%

Shares of NASDAQ FROG traded up $0.61 during trading hours on Tuesday, reaching $43.10. The stock had a trading volume of 553,160 shares, compared to its average volume of 1,134,106. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of -68.41 and a beta of 0.97. JFrog Ltd. has a 52-week low of $22.91 and a 52-week high of $43.79. The business's fifty day moving average price is $34.86 and its two-hundred day moving average price is $33.83.

JFrog (NASDAQ:FROG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.20 EPS for the quarter, beating 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 firm had revenue of $122.41 million during the quarter, compared to analyst estimates of $117.44 million. During the same quarter in the prior year, the business posted $0.16 EPS. The business's revenue for the quarter was up 22.0% compared to the same quarter last year. Equities research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FROG shares. KeyCorp reaffirmed an "overweight" rating and issued a $46.00 target price (up from $36.00) on shares of JFrog in a report on Friday, February 14th. Barclays cut their price target on JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research note on Friday, May 9th. Raymond James began coverage on JFrog in a research note on Friday, April 11th. They issued an "outperform" rating and a $40.00 price target for the company. Needham & Company LLC increased their price target on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group increased their price target on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. 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 company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $41.44.

JFrog Company 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.