Silvercrest Asset Management Group LLC Has $11.45 Million Stake in JFrog Ltd. (NASDAQ:FROG)

Silvercrest Asset Management Group LLC raised its holdings in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) by 24.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 389,252 shares of the company's stock after buying an additional 76,228 shares during the period. Silvercrest Asset Management Group LLC owned about 0.38% of JFrog worth $11,448,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 574 shares during the last quarter. KBC Group NV grew its holdings in JFrog by 39.0% in the 4th quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after buying an additional 1,105 shares during the last quarter. BankPlus Trust Department bought a new stake in JFrog in the 4th quarter valued at $131,000. Tower Research Capital LLC TRC grew its position in JFrog by 33,106.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,313 shares of the company's stock worth $156,000 after buying an additional 5,297 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of JFrog during the fourth quarter valued at approximately $193,000. Hedge funds and other institutional investors own 85.02% of the company's stock.

JFrog Stock Up 0.4%

Shares of NASDAQ FROG traded up $0.19 during trading hours on Thursday, hitting $42.80. The company had a trading volume of 590,362 shares, compared to its average volume of 1,136,228. The firm's 50 day moving average is $34.17 and its 200-day moving average is $33.49. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.79. The stock has a market capitalization of $4.90 billion, a P/E ratio of -67.93 and a beta of 0.97.

JFrog (NASDAQ:FROG - Get Free Report) last released 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 net margin of 16.16% and a negative return on equity of 6.42%. The firm had revenue of $122.41 million for the quarter, compared to the consensus estimate of $117.44 million. During the same period in the previous year, the company earned $0.16 earnings per share. The company'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 year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FROG. Raymond James initiated coverage on shares of JFrog in a research report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price target for the company. Canaccord Genuity Group increased their price objective on JFrog from $38.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Needham & Company LLC boosted their price target on shares of JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Barclays cut their price target on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Finally, Stifel Nicolaus lifted their target price on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $41.65.

Insider Buying and Selling

In other JFrog news, CEO Ben Haim Shlomi sold 41,829 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $36.55, for a total transaction of $1,528,849.95. Following the sale, the chief executive officer now owns 4,982,254 shares of the company's stock, valued at approximately $182,101,383.70. This represents a 0.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Yoav Landman sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $35.56, for a total value of $711,200.00. Following the sale, the chief technology officer now directly owns 6,456,901 shares of the company's stock, valued at $229,607,399.56. This represents a 0.31% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 212,548 shares of company stock worth $7,167,041. Corporate insiders own 14.10% of the company's stock.

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.