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

Sphera Management Technology Funds Ltd purchased a new position in shares of JFrog Ltd. (NASDAQ:FROG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 83,476 shares of the company's stock, valued at approximately $2,455,000. JFrog comprises 1.4% of Sphera Management Technology Funds Ltd's investment portfolio, making the stock its 14th largest holding. Sphera Management Technology Funds Ltd owned 0.08% of JFrog at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Squarepoint Ops LLC increased its position in JFrog by 20.3% during the fourth quarter. Squarepoint Ops LLC now owns 89,166 shares of the company's stock worth $2,622,000 after purchasing an additional 15,063 shares during the last quarter. Two Sigma Advisers LP increased its position in JFrog by 20.9% during the fourth quarter. Two Sigma Advisers LP now owns 57,900 shares of the company's stock worth $1,703,000 after purchasing an additional 10,000 shares during the last quarter. State of Wyoming acquired a new stake in shares of JFrog in the fourth quarter worth $240,000. Snowden Capital Advisors LLC increased its position in shares of JFrog by 4.2% in the fourth quarter. Snowden Capital Advisors LLC now owns 13,900 shares of the company's stock worth $409,000 after acquiring an additional 564 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC increased its position in shares of JFrog by 24.4% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 389,252 shares of the company's stock worth $11,448,000 after acquiring an additional 76,228 shares in the last quarter. Institutional investors and hedge funds own 85.02% of the company's stock.

JFrog Trading Down 0.7%

NASDAQ FROG traded down $0.28 during trading hours on Friday, reaching $42.49. 598,433 shares of the company traded hands, compared to its average volume of 1,134,961. JFrog Ltd. has a 12 month low of $22.91 and a 12 month high of $43.79. The stock has a market capitalization of $4.87 billion, a PE ratio of -67.44 and a beta of 0.97. The company has a 50 day moving average of $34.51 and a two-hundred day moving average of $33.66.

JFrog (NASDAQ:FROG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.20 EPS for the quarter, beating analysts' consensus estimates 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 prior year, the firm posted $0.16 EPS. The firm's revenue was up 22.0% compared to the same quarter last year. On average, equities research analysts anticipate that JFrog Ltd. will post -0.33 earnings per share for the current year.

Insider Activity

In other news, Director Frederic Simon sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $33.48, for a total value of $1,171,800.00. Following the completion of the sale, the director now directly owns 4,374,432 shares in the company, valued at approximately $146,455,983.36. The trade was a 0.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ben Haim Shlomi sold 41,829 shares of the firm's stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 4,982,254 shares in the company, valued at approximately $182,101,383.70. The trade was a 0.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 212,548 shares of company stock worth $7,167,041. 14.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on FROG shares. Stifel Nicolaus increased their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Truist Financial increased their price objective on shares of JFrog from $35.00 to $45.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Barclays dropped their price objective on shares of JFrog from $48.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, May 9th. Morgan Stanley increased their price objective on shares of JFrog from $39.00 to $42.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Raymond James started coverage on shares of JFrog in a research report on Friday, April 11th. They issued an "outperform" rating and a $40.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.