Sphera Management Technology Funds Ltd Invests $2.46 Million in JFrog Ltd. (NASDAQ:FROG)

Sphera Management Technology Funds Ltd bought a new position in JFrog Ltd. (NASDAQ:FROG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 83,476 shares of the company's stock, valued at approximately $2,455,000. JFrog accounts for approximately 1.4% of Sphera Management Technology Funds Ltd's holdings, making the stock its 14th biggest position. Sphera Management Technology Funds Ltd owned about 0.08% of JFrog as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Park Avenue Securities LLC purchased a new position in JFrog in the fourth quarter valued at about $204,000. SG Americas Securities LLC purchased a new position in JFrog in the fourth quarter valued at about $193,000. Exchange Traded Concepts LLC raised its position in JFrog by 10.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 90,262 shares of the company's stock valued at $2,655,000 after purchasing an additional 8,426 shares during the period. KBC Group NV raised its position in JFrog by 39.0% in the fourth quarter. KBC Group NV now owns 3,938 shares of the company's stock valued at $116,000 after purchasing an additional 1,105 shares during the period. Finally, Washington Capital Management Inc. raised its position in JFrog by 44.8% in the fourth quarter. Washington Capital Management Inc. now owns 21,000 shares of the company's stock valued at $618,000 after purchasing an additional 6,500 shares during the period. 85.02% of the stock is owned by hedge funds and other institutional investors.

JFrog Price Performance

NASDAQ:FROG traded down $0.94 during mid-day trading on Wednesday, reaching $42.61. The stock had a trading volume of 763,249 shares, compared to its average volume of 1,137,837. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of -67.63 and a beta of 0.97. JFrog Ltd. has a 1-year low of $22.91 and a 1-year high of $43.79. The stock's 50 day simple moving average is $34.17 and its two-hundred day simple moving average is $33.49.

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

Insider Buying and Selling at JFrog

In other JFrog news, CEO Ben Haim Shlomi sold 41,829 shares of JFrog stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.55, for a total value of $1,528,849.95. Following the completion of the transaction, the chief executive officer now directly owns 4,982,254 shares in the company, valued at $182,101,383.70. The trade was a 0.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Frederic Simon sold 20,000 shares of JFrog stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $28.66, for a total value of $573,200.00. Following the completion of the transaction, the director now owns 4,354,432 shares of the company's stock, valued at approximately $124,798,021.12. The trade was a 0.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 212,548 shares of company stock worth $7,167,041 over the last ninety days. Company insiders own 14.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. DA Davidson raised their price objective on JFrog from $40.00 to $45.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Barclays dropped their target price on JFrog from $48.00 to $42.00 and set an "overweight" rating on the stock in a research report on Friday, May 9th. Stifel Nicolaus lifted their target price on JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their target price on JFrog from $38.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Needham & Company LLC lifted their target price on JFrog from $39.00 to $46.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.65.

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.